Eric Richard Remer Sells 9,981 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 9,981 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $9.87, for a total transaction of $98,512.47. Following the transaction, the chief executive officer now owns 7,676,891 shares in the company, valued at $75,770,914.17. This trade represents a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 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 transaction 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 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 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 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 value 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 value of $149,783.36.
• On Thursday, February 6th, Eric Richard Remer sold 11,200 shares of EverCommerce stock. The shares were sold at an average price of $10.12, for a total transaction of $113,344.00.

EverCommerce Trading Up 3.5 %

Shares of NASDAQ EVCM traded up $0.35 during midday trading on Monday, reaching $10.43. 146,168 shares of the stock were exchanged, compared to its average volume of 134,576. The stock has a market capitalization of $1.91 billion, a P/E ratio of -37.25 and a beta of 1.12. 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 50 day simple moving average of $10.13 and a 200 day simple moving average of $10.69. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.35.

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EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its 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 business had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. During the same period last year, the business earned ($0.12) EPS. EverCommerce's revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Institutional Trading of EverCommerce

Institutional investors and hedge funds have recently bought and sold shares of the stock. Woodline Partners LP lifted its position in EverCommerce by 24.8% in the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company's stock valued at $5,891,000 after buying an additional 106,359 shares during the last quarter. State Street Corp raised 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 acquiring an additional 12,156 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of EverCommerce by 34.6% in the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock worth $4,716,000 after acquiring an additional 110,183 shares during the last quarter. Northern Trust Corp boosted its position in shares of EverCommerce by 4.2% during the 4th quarter. Northern Trust Corp now owns 199,283 shares of the company's stock worth $2,194,000 after purchasing an additional 7,954 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of EverCommerce by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock worth $1,856,000 after purchasing an additional 1,092 shares during the period. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EVCM has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their price objective on EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. The Goldman Sachs Group decreased their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a research note on Friday, March 14th. Oppenheimer cut their price objective 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. Piper Sandler lowered their price target on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Jefferies Financial Group reduced their price objective on EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research note on Friday, March 14th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $11.09.

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.