EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $47,985.78 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,789 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $10.02, for a total transaction of $47,985.78. Following the completion of the transaction, the chief executive officer now owns 5,364,663 shares of the company’s stock, valued at $53,753,923.26. The trade was a 0.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, June 24th, Eric Richard Remer sold 19,711 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total transaction of $197,504.22.
• On Tuesday, June 17th, Eric Richard Remer sold 4,455 shares of EverCommerce stock. The shares were sold at an average price of $9.51, for a total transaction of $42,367.05.
• On Monday, June 16th, Eric Richard Remer sold 20,045 shares of EverCommerce stock. The shares were sold at an average price of $9.56, for a total transaction of $191,630.20.
• On Thursday, May 29th, Eric Richard Remer sold 1,425 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total transaction of $14,250.00.
• On Wednesday, May 28th, Eric Richard Remer sold 12,272 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total transaction of $123,333.60.
• On Tuesday, May 27th, Eric Richard Remer sold 10,803 shares of EverCommerce stock. The stock was sold at an average price of $9.96, for a total transaction of $107,597.88.
• On Wednesday, May 14th, Eric Richard Remer sold 1,381 shares of EverCommerce stock. The stock was sold at an average price of $11.02, for a total transaction of $15,218.62.
• On Tuesday, May 13th, Eric Richard Remer sold 23,119 shares of EverCommerce stock. The stock was sold at an average price of $11.26, for a total transaction of $260,319.94.
• On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total transaction of $179,281.95.
• On Thursday, April 24th, Eric Richard Remer sold 2,412 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $24,602.40.

EverCommerce Stock Down 1.2%

EverCommerce stock opened at $10.30 on Friday. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. EverCommerce Inc. has a 12-month low of $8.10 and a 12-month high of $12.35. The firm’s fifty day moving average is $10.10 and its 200 day moving average is $10.27. The company has a market capitalization of $1.88 billion, a PE ratio of -57.22 and a beta of 1.05.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). EverCommerce had a negative net margin of 4.84% and a negative return on equity of 3.13%. The company had revenue of $142.27 million for the quarter, compared to analyst estimates of $146.28 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. The firm’s revenue was down 16.3% on a year-over-year basis. As a group, sell-side analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Woodline Partners LP raised its holdings in EverCommerce by 4.7% during the first quarter. Woodline Partners LP now owns 560,506 shares of the company’s stock worth $5,650,000 after buying an additional 25,412 shares during the last quarter. Martingale Asset Management L P acquired a new position in EverCommerce during the first quarter worth $202,000. EntryPoint Capital LLC acquired a new position in EverCommerce during the first quarter worth $102,000. Nuveen LLC acquired a new position in EverCommerce during the first quarter worth $493,000. Finally, Deutsche Bank AG raised its holdings in EverCommerce by 141.9% during the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock worth $99,000 after buying an additional 5,770 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on EVCM. Canaccord Genuity Group upped their price objective on shares of EverCommerce from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Jefferies Financial Group reduced their price objective on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Oppenheimer reduced 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 reduced their price objective 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. Finally, Barclays upped their price objective on shares of EverCommerce from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, EverCommerce presently has an average rating of “Hold” and an average target price of $11.36.

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.