EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $98,436.66 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 9,366 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $10.51, for a total value of $98,436.66. Following the transaction, the chief executive officer now owns 7,637,549 shares in the company, valued at approximately $80,270,639.99. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, March 27th, Eric Richard Remer sold 7,164 shares of EverCommerce stock. The shares were sold at an average price of $10.51, for a total transaction of $75,293.64.
• On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The stock was sold at an average price of $9.97, for a total transaction of $135,113.44.
• On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $98,512.47.
• On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total value of $91,558.85.
• On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The stock was sold at an average price of $9.06, for a total value of $85,200.24.
• On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The shares were sold at an average price of $9.51, for a total value of $82,622.88.
• On Tuesday, March 4th, Eric Richard Remer sold 10,406 shares of EverCommerce stock. The stock was sold at an average price of $9.65, for a total transaction of $100,417.90.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total transaction of $84,766.96.
• On Tuesday, February 18th, Eric Richard Remer sold 7,026 shares of EverCommerce stock. The shares were sold at an average price of $10.94, for a total transaction of $76,864.44.
• On Thursday, February 13th, Eric Richard Remer sold 8,720 shares of EverCommerce stock. The shares were sold at an average price of $10.80, for a total value of $94,176.00.

EverCommerce Trading Down 3.3 %

Shares of EVCM opened at $10.12 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -36.14 and a beta of 1.12. The stock has a fifty day moving average price of $10.14 and a two-hundred day moving average price of $10.70. EverCommerce Inc. has a 52-week low of $8.10 and a 52-week high of $12.35.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. During the same quarter last year, the company earned ($0.12) EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Edgestream Partners L.P. bought a new stake in shares of EverCommerce during the third quarter worth $536,000. Janus Henderson Group PLC lifted its position in EverCommerce by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock valued at $3,296,000 after purchasing an additional 3,837 shares during the period. State Street Corp boosted its stake in shares of EverCommerce by 2.4% in the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after purchasing an additional 12,156 shares during the last quarter. Barclays PLC grew its position in shares of EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after buying an additional 22,360 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of EverCommerce by 161.4% during the third quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after buying an additional 63,139 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

EVCM has been the topic of a number of research reports. Royal Bank of Canada lowered their price objective on EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. The Goldman Sachs Group lowered their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 14th. Barclays reduced their price objective on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Oppenheimer lowered their target price on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Finally, Piper Sandler cut their price target on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, EverCommerce currently has a consensus rating of “Hold” and an average target price of $11.09.

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.