EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,099 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,099 shares of EverCommerce stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $10.69, for a total value of $75,888.31. Following the transaction, the chief executive officer now owns 8,124,163 shares in the company, valued at $86,847,302.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The shares were sold at an average price of $10.69, for a total value of $110,224.59.
• On Tuesday, July 2nd, Eric Richard Remer sold 3,992 shares of EverCommerce stock. The stock was sold at an average price of $11.07, for a total transaction of $44,191.44.

EverCommerce Stock Up 3.1 %

Shares of EVCM stock traded up $0.32 on Thursday, reaching $10.80. 98,071 shares of the company’s stock traded hands, compared to its average volume of 151,093. The company has a market capitalization of $2.00 billion, a P/E ratio of -51.43 and a beta of 1.08. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $12.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.68 and a current ratio of 1.68. The business’s 50 day moving average price is $10.81 and its two-hundred day moving average price is $10.08.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $177.39 million during the quarter, compared to analyst estimates of $171.88 million. EverCommerce had a negative net margin of 6.31% and a negative return on equity of 5.33%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts forecast that EverCommerce Inc. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EVCM has been the topic of several recent research reports. Evercore ISI lifted their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. raised their price objective on EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.45.

Institutional Investors Weigh In On EverCommerce

Institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its stake in shares of EverCommerce by 10.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after buying an additional 1,089 shares in the last quarter. Quest Partners LLC acquired a new stake in EverCommerce in the fourth quarter valued at approximately $135,000. Edgestream Partners L.P. acquired a new stake in EverCommerce in the first quarter valued at approximately $123,000. Renaissance Technologies LLC grew its position in EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after acquiring an additional 2,700 shares in the last quarter. Finally, RIA Advisory Group LLC acquired a new position in shares of EverCommerce during the 1st quarter worth $242,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

About EverCommerce

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.