EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $128,729.44 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 13,522 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $9.52, for a total value of $128,729.44. Following the sale, the chief executive officer now directly owns 1,258,278 shares in the company, valued at $11,978,806.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eric Richard Remer also recently made the following trade(s):

• On Tuesday, June 4th, Eric Richard Remer sold 5,759 shares of EverCommerce stock. The shares were sold at an average price of $9.50, for a total value of $54,710.50.
• On Tuesday, May 28th, Eric Richard Remer sold 14,502 shares of EverCommerce stock. The shares were sold at an average price of $10.16, for a total value of $147,340.32.
• On Tuesday, April 2nd, Eric Richard Remer sold 4,016 shares of EverCommerce stock. The shares were sold at an average price of $9.00, for a total value of $36,144.00.

EverCommerce Stock Performance

EVCM opened at $9.72 on Thursday. The company has a market cap of $1.80 billion, a PE ratio of -46.28 and a beta of 1.07. The stock has a 50-day moving average of $9.58 and a 200-day moving average of $9.76. EverCommerce Inc. has a 52-week low of $6.22 and a 52-week high of $12.32. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.71 and a current ratio of 1.71.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $170.10 million for the quarter, compared to the consensus estimate of $162.11 million. EverCommerce had a negative return on equity of 4.92% and a negative net margin of 6.02%. The business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.11) EPS. As a group, equities research analysts forecast that EverCommerce Inc. will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

Several large investors have recently made changes to their positions in EVCM. Raymond James Financial Services Advisors Inc. lifted its position in shares of EverCommerce by 7.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock worth $254,000 after purchasing an additional 1,500 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of EverCommerce during the 4th quarter worth about $391,000. Great Lakes Advisors LLC lifted its position in shares of EverCommerce by 42.9% during the 4th quarter. Great Lakes Advisors LLC now owns 203,863 shares of the company’s stock worth $2,249,000 after purchasing an additional 61,236 shares during the last quarter. Quest Partners LLC acquired a new position in shares of EverCommerce during the 4th quarter worth about $135,000. Finally, RIA Advisory Group LLC acquired a new position in shares of EverCommerce during the 1st quarter worth about $242,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EVCM. JMP Securities reiterated a “market outperform” rating and set a $12.00 price target on shares of EverCommerce in a report on Friday, March 15th. Barclays lowered their target price on EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, March 15th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.00 target price (down previously from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. Oppenheimer boosted their target price on EverCommerce from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Finally, Royal Bank of Canada lowered their target price on EverCommerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.40.

EverCommerce Company Profile

EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company's solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.