EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 7,507 Shares

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 7,507 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $10.05, for a total transaction of $75,445.35. Following the transaction, the chief executive officer now directly owns 7,814,873 shares in the company, valued at $78,539,473.65. The trade was a 0.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 value of $113,344.00.
• On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total value of $112,264.92.
• On Tuesday, January 28th, Eric Richard Remer sold 8,761 shares of EverCommerce stock. The stock was sold at an average price of $10.56, for a total value of $92,516.16.
• 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 stock was 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 shares were sold at an average price of $10.20, for a total transaction 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 value of $57,583.68.
• On Thursday, December 19th, Eric Richard Remer sold 7,235 shares of EverCommerce stock. The shares were sold at an average price of $11.22, for a total value of $81,176.70.
• On Tuesday, December 17th, Eric Richard Remer sold 7,130 shares of EverCommerce stock. The shares were sold at an average price of $11.99, for a total transaction of $85,488.70.

EverCommerce Trading Up 6.0 %

Shares of NASDAQ:EVCM traded up $0.62 during midday trading on Monday, hitting $10.93. The company had a trading volume of 113,809 shares, compared to its average volume of 88,552. EverCommerce Inc. has a 12 month low of $6.22 and a 12 month high of $12.35. The firm has a fifty day simple moving average of $10.94 and a 200 day simple moving average of $10.82. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -39.03 and a beta of 1.13.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) EPS 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 firm had revenue of $176.26 million during the quarter, compared to the consensus estimate of $174.87 million. The business's quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EVCM. Millennium Management LLC boosted its position in EverCommerce by 673.4% during the 2nd 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in EverCommerce by 39.2% during the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company's stock valued at $3,740,000 after purchasing an additional 95,934 shares during the last quarter. JPMorgan Chase & Co. grew its stake in EverCommerce by 161.4% in the third 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 in the last quarter. Raymond James Financial Inc. bought a new position in EverCommerce in the fourth quarter valued at approximately $694,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of EverCommerce during the 3rd quarter worth approximately $570,000. Institutional investors own 97.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on EVCM shares. JMP Securities upped their target price on shares of EverCommerce from $12.00 to $15.00 and gave the stock a "market outperform" rating in a research report on Wednesday, November 13th. Oppenheimer lifted 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. Piper Sandler upped their target price on EverCommerce from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Royal Bank of Canada raised their price objective on shares of EverCommerce from $12.00 to $14.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Finally, Barclays raised their price objective on shares of EverCommerce from $9.00 to $12.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $12.56.

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.