Eric Richard Remer Sells 9,366 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

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

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 stock was sold at an average price of $10.51, for a total value of $75,293.64.
• On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The shares were sold at an average price of $9.97, for a total value 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 transaction 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 shares were sold at an average price of $9.06, for a total transaction of $85,200.24.
• On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The stock was sold at an average price of $9.51, for a total transaction 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 value of $100,417.90.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The shares were 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 value 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 transaction of $94,176.00.

EverCommerce Stock Performance

EverCommerce stock traded up $0.14 during trading hours on Monday, hitting $10.26. The stock had a trading volume of 66,073 shares, compared to its average volume of 136,533. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.35. The company has a market cap of $1.88 billion, a PE ratio of -36.64 and a beta of 1.12. The company has a 50-day moving average of $10.14 and a two-hundred day moving average of $10.70. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68.

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EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) earnings per share 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 firm had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. During the same period in the previous year, the business posted ($0.12) EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Oppenheimer decreased their target price on EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. The Goldman Sachs Group lowered their price objective on EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a research note on Friday, March 14th. Jefferies Financial Group cut their target price on EverCommerce from $12.00 to $10.00 and set a "hold" rating on the stock in a research note on Friday, March 14th. Barclays cut their price objective on shares of EverCommerce from $12.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. Finally, Piper Sandler dropped their price target on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $11.09.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in EverCommerce in the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC grew its position in shares of EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock worth $38,000 after buying an additional 2,040 shares during the period. Deutsche Bank AG raised its stake in shares of EverCommerce by 919.0% during the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock worth $45,000 after buying an additional 3,667 shares during the last quarter. Wells Fargo & Company MN boosted its stake in EverCommerce by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after acquiring an additional 3,106 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in EverCommerce during the 4th quarter worth $119,000. Institutional investors and hedge funds own 97.91% of the company's stock.

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.