EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $61,444.80 in Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 6,024 shares of the company's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $10.20, for a total value of $61,444.80. Following the transaction, the chief executive officer now directly owns 7,867,483 shares in the company, valued at $80,248,326.60. This represents a 0.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction 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 stock was 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 shares were sold at an average price of $11.90, for a total value of $113,764.00.
• On Thursday, November 21st, Eric Richard Remer sold 10,513 shares of EverCommerce stock. The shares were sold at an average price of $11.52, for a total transaction of $121,109.76.
• On Tuesday, November 19th, Eric Richard Remer sold 8,818 shares of EverCommerce stock. The stock was sold at an average price of $11.03, for a total transaction of $97,262.54.
• On Thursday, November 14th, Eric Richard Remer sold 13,200 shares of EverCommerce stock. The stock was sold at an average price of $11.04, for a total transaction of $145,728.00.
• On Tuesday, November 12th, Eric Richard Remer sold 8,867 shares of EverCommerce stock. The shares were sold at an average price of $12.01, for a total value of $106,492.67.

EverCommerce Trading Down 1.3 %

Shares of EverCommerce stock traded down $0.13 during trading hours on Thursday, hitting $10.15. The company's stock had a trading volume of 70,233 shares, compared to its average volume of 76,283. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -36.25 and a beta of 1.14. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month high of $12.35. The firm has a fifty day moving average of $11.43 and a 200-day moving average of $10.96.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings data 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 return on equity of 6.56% and a negative net margin of 7.53%. The company had revenue of $176.26 million for the quarter, compared to analysts' expectations of $174.87 million. The firm's quarterly revenue was up .9% on a year-over-year basis. Research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current year.

Wall Street Analyst Weigh In

EVCM has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price target on shares of EverCommerce from $12.00 to $14.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Piper Sandler increased their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th. JMP Securities boosted their target price on EverCommerce from $12.00 to $15.00 and gave the stock a "market outperform" rating in a report on Wednesday, November 13th. Oppenheimer increased their price target on EverCommerce from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, Barclays boosted their price objective on EverCommerce from $9.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, EverCommerce currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.56.

Institutional Trading of EverCommerce

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp grew its holdings in shares of EverCommerce by 2.4% in the third 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in EverCommerce by 39.2% in 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 during the period. Millennium Management LLC grew its stake in shares of EverCommerce by 673.4% in the second quarter. Millennium Management LLC now owns 323,360 shares of the company's stock worth $3,550,000 after acquiring an additional 281,551 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of EverCommerce by 1.2% during the third quarter. Janus Henderson Group PLC now owns 318,136 shares of the company's stock worth $3,296,000 after acquiring an additional 3,837 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of EverCommerce by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company's stock valued at $1,805,000 after acquiring an additional 9,595 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other 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.

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