EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 8,557 Shares

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 8,557 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $12.08, for a total transaction of $103,368.56. Following the completion of the transaction, the chief executive officer directly owned 3,003,367 shares in the company, valued at $36,280,673.36. This trade represents a 0.28% decrease in their position. The sale 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, October 29th, Eric Richard Remer sold 10,643 shares of EverCommerce stock. The shares were sold at an average price of $11.77, for a total transaction of $125,268.11.
  • On Wednesday, October 22nd, Eric Richard Remer sold 7,465 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total transaction of $85,250.30.
  • On Tuesday, October 21st, Eric Richard Remer sold 11,735 shares of EverCommerce stock. The shares were sold at an average price of $11.44, for a total transaction of $134,248.40.
  • On Tuesday, October 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $10.86, for a total transaction of $208,512.00.
  • On Tuesday, October 7th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $11.05, for a total transaction of $212,160.00.
  • On Wednesday, October 1st, Eric Richard Remer sold 4,536 shares of EverCommerce stock. The shares were sold at an average price of $11.02, for a total transaction of $49,986.72.
  • On Tuesday, September 30th, Eric Richard Remer sold 14,664 shares of EverCommerce stock. The shares were sold at an average price of $11.13, for a total transaction of $163,210.32.
  • On Wednesday, September 24th, Eric Richard Remer sold 428 shares of EverCommerce stock. The shares were sold at an average price of $11.65, for a total transaction of $4,986.20.
  • On Tuesday, September 23rd, Eric Richard Remer sold 18,772 shares of EverCommerce stock. The shares were sold at an average price of $11.71, for a total transaction of $219,820.12.
  • On Wednesday, September 17th, Eric Richard Remer sold 4,131 shares of EverCommerce stock. The shares were sold at an average price of $11.86, for a total transaction of $48,993.66.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM opened at $11.30 on Friday. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -94.16, a P/E/G ratio of 6.74 and a beta of 1.05. The firm’s 50 day simple moving average is $11.43 and its 200 day simple moving average is $10.77. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.37 and a quick ratio of 2.37. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.34.

EverCommerce (NASDAQ:EVCMGet Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $148.02 million for the quarter, compared to the consensus estimate of $145.80 million. EverCommerce had a negative net margin of 3.27% and a negative return on equity of 1.96%. EverCommerce’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the company posted ($0.02) EPS. As a group, sell-side analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in shares of EverCommerce during the 3rd quarter worth approximately $91,000. Deutsche Bank AG grew its stake in shares of EverCommerce by 141.9% during the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock worth $99,000 after acquiring an additional 5,770 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of EverCommerce in the first quarter valued at $102,000. Prudential Financial Inc. grew its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Finally, Inceptionr LLC bought a new position in shares of EverCommerce in the second quarter valued at $159,000. 97.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EVCM has been the topic of several research analyst reports. Barclays downgraded shares of EverCommerce from an “overweight” rating to an “equal weight” rating and set a $11.00 target price on the stock. in a report on Tuesday, October 14th. Zacks Research lowered shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Oppenheimer restated an “outperform” rating and set a $13.00 price objective (up from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. Lake Street Capital set a $11.00 price objective on shares of EverCommerce in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.44.

Check Out Our Latest Stock Analysis on EVCM

EverCommerce Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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