EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $92,516.16 in Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,761 shares of the firm's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $10.56, for a total transaction of $92,516.16. Following the transaction, the chief executive officer now directly owns 7,840,069 shares in the company, valued at approximately $82,791,128.64. This represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The shares were sold at an average price of $10.26, for a total transaction of $112,264.92.
• On Thursday, January 23rd, Eric Richard Remer sold 8,552 shares of EverCommerce stock. The stock was sold at an average price of $10.21, for a total value of $87,315.92.
• On Tuesday, January 21st, Eric Richard Remer sold 5,117 shares of EverCommerce stock. The shares were sold at an average price of $10.39, for a total transaction of $53,165.63.
• On Thursday, January 16th, Eric Richard Remer sold 6,024 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total value of $61,444.80.
• On Tuesday, January 14th, Eric Richard Remer sold 5,713 shares of EverCommerce stock. The shares were sold at an average price of $10.15, for a total value of $57,986.95.
• On Tuesday, January 7th, Eric Richard Remer sold 5,453 shares of EverCommerce stock. The shares were sold at an average price of $10.56, for a total transaction of $57,583.68.
• On Thursday, December 19th, Eric Richard Remer sold 7,235 shares of EverCommerce stock. The stock was sold at an average price of $11.22, for a total transaction of $81,176.70.
• On Tuesday, December 17th, Eric Richard Remer sold 7,130 shares of EverCommerce stock. The stock was sold at an average price of $11.99, for a total value of $85,488.70.
• On Thursday, December 12th, Eric Richard Remer sold 4,464 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total transaction of $53,835.84.
• On Tuesday, December 10th, Eric Richard Remer sold 9,560 shares of EverCommerce stock. The stock was sold at an average price of $11.90, for a total value of $113,764.00.

EverCommerce Stock Performance

Shares of NASDAQ EVCM traded down $0.17 during mid-day trading on Monday, reaching $9.97. 53,560 shares of the company's stock were exchanged, compared to its average volume of 80,119. The firm has a 50-day moving average price of $11.14 and a two-hundred day moving average price of $10.88. 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 firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -35.62 and a beta of 1.13. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company had revenue of $176.26 million during the quarter, compared to analysts' expectations of $174.87 million. The company's revenue for the quarter was up .9% compared to the same quarter last year. Analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of EverCommerce from $12.00 to $14.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Piper Sandler raised their price target on shares of EverCommerce from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Barclays boosted their price objective on EverCommerce from $9.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. Oppenheimer raised their target price on EverCommerce from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, JMP Securities upped their price target on EverCommerce from $12.00 to $15.00 and gave the stock a "market outperform" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, EverCommerce presently has a consensus rating of "Moderate Buy" and an average target price of $12.56.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC grew its stake in EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company's stock valued at $307,000 after buying an additional 22,360 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of EverCommerce by 161.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company's stock valued at $1,059,000 after purchasing an additional 63,139 shares during the period. Millennium Management LLC raised its stake in shares of EverCommerce by 673.4% during the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company's stock valued at $3,550,000 after purchasing an additional 281,551 shares during the period. DekaBank Deutsche Girozentrale bought a new position in EverCommerce in the 3rd quarter worth about $570,000. Finally, Dimensional Fund Advisors LP grew its holdings in EverCommerce by 39.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company's stock valued at $3,740,000 after buying an additional 95,934 shares in the last quarter. 97.91% of the stock is owned by institutional investors.

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.