EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $225,115.80 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 19,747 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $11.40, for a total transaction of $225,115.80. Following the completion of the sale, the chief executive officer owned 5,295,916 shares of the company’s stock, valued at approximately $60,373,442.40. This trade represents a 0.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, July 23rd, Eric Richard Remer sold 4,753 shares of EverCommerce stock. The shares were sold at an average price of $11.43, for a total value of $54,326.79.
• On Wednesday, July 16th, Eric Richard Remer sold 9,527 shares of EverCommerce stock. The shares were sold at an average price of $10.55, for a total value of $100,509.85.
• On Tuesday, July 15th, Eric Richard Remer sold 14,973 shares of EverCommerce stock. The stock was sold at an average price of $10.65, for a total value of $159,462.45.
• On Wednesday, July 9th, Eric Richard Remer sold 8,204 shares of EverCommerce stock. The stock was sold at an average price of $10.70, for a total value of $87,782.80.
• On Tuesday, July 8th, Eric Richard Remer sold 16,296 shares of EverCommerce stock. The shares were sold at an average price of $10.75, for a total transaction of $175,182.00.
• On Wednesday, June 25th, Eric Richard Remer sold 4,789 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $47,985.78.
• 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 stock was 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 value of $191,630.20.
• On Thursday, May 29th, Eric Richard Remer sold 1,425 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total value of $14,250.00.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $11.57 on Friday. The company has a 50 day moving average of $10.36 and a 200 day moving average of $10.22. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.70. The stock has a market cap of $2.11 billion, a P/E ratio of -64.28 and a beta of 1.05. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EVCM shares. Barclays increased their price target on EverCommerce from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. Canaccord Genuity Group increased their target price on shares of EverCommerce from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.36.

Hedge Funds Weigh In On EverCommerce

Institutional investors have recently added to or reduced their stakes in the business. 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 valued at $1,856,000 after acquiring an additional 1,092 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in EverCommerce in the fourth quarter valued at approximately $694,000. American Century Companies Inc. lifted its position in EverCommerce by 32.3% during the fourth quarter. American Century Companies Inc. now owns 22,753 shares of the company’s stock valued at $251,000 after purchasing an additional 5,554 shares during the last quarter. JPMorgan Chase & Co. lifted its position in EverCommerce by 48.6% during the fourth quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company’s stock valued at $1,695,000 after purchasing an additional 49,745 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of EverCommerce by 84.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company’s stock worth $1,468,000 after buying an additional 61,144 shares during the last quarter. 97.91% of the stock is currently 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.