EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 13,552 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $9.97, for a total transaction of $135,113.44. Following the sale, the chief executive officer now owns 7,646,915 shares in the company, valued at $76,239,742.55. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Eric Richard Remer also recently made the following trade(s):
- On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The stock was 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 shares were 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 stock was sold at an average price of $10.80, for a total value of $94,176.00.
- On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The shares were sold at an average price of $10.81, for a total transaction of $149,783.36.
- On Thursday, February 6th, Eric Richard Remer sold 11,200 shares of EverCommerce stock. The stock was sold at an average price of $10.12, for a total transaction of $113,344.00.
EverCommerce Trading Up 3.5 %
NASDAQ:EVCM traded up $0.35 during mid-day trading on Monday, reaching $10.43. 146,168 shares of the company's stock traded hands, compared to its average volume of 134,576. EverCommerce Inc. has a 12-month low of $8.10 and a 12-month high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The company has a 50 day moving average price of $10.13 and a 200-day moving average price of $10.69. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of -37.25 and a beta of 1.12.
EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business had revenue of $175.00 million for the quarter, compared to the consensus estimate of $170.48 million. During the same quarter in the prior year, the company earned ($0.12) EPS. EverCommerce's revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.
Institutional Investors Weigh In On EverCommerce
Several institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC increased its position in shares of EverCommerce by 34.6% during the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock valued at $4,716,000 after buying an additional 110,183 shares during the period. Woodline Partners LP boosted its position in EverCommerce by 24.8% during the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company's stock valued at $5,891,000 after acquiring an additional 106,359 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of EverCommerce by 161.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company's stock worth $1,059,000 after acquiring an additional 63,139 shares during the period. Raymond James Financial Inc. bought a new position in shares of EverCommerce in the 4th quarter worth approximately $694,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of EverCommerce by 84.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company's stock valued at $1,468,000 after purchasing an additional 61,144 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on EVCM. Royal Bank of Canada cut their target price on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Piper Sandler cut their price objective on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Monday, March 17th. The Goldman Sachs Group decreased their price objective on EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a report on Friday, March 14th. Jefferies Financial Group cut their target price on EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Finally, Oppenheimer lowered their price objective on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $11.09.
Get Our Latest Stock Analysis on EverCommerce
EverCommerce Company Profile
(
Get Free Report)
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.
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