EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 4,400 shares of the company's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $10.67, for a total transaction of $46,948.00. Following the completion of the sale, the chief executive officer now directly owns 8,060,240 shares of the company's stock, valued at $86,002,760.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Eric Richard Remer also recently made the following trade(s):
- On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The stock was sold at an average price of $10.57, for a total value of $53,537.05.
- On Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The shares were sold at an average price of $10.37, for a total transaction of $43,554.00.
- On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total value of $51,143.72.
- On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The shares were sold at an average price of $10.11, for a total value of $60,538.68.
- On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The stock was sold at an average price of $10.09, for a total value of $54,849.24.
- On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The stock was sold at an average price of $10.47, for a total transaction of $64,474.26.
- On Tuesday, September 24th, Eric Richard Remer sold 6,807 shares of EverCommerce stock. The stock was sold at an average price of $10.63, for a total transaction of $72,358.41.
- On Thursday, September 19th, Eric Richard Remer sold 7,099 shares of EverCommerce stock. The shares were sold at an average price of $10.69, for a total transaction of $75,888.31.
- On Tuesday, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total value of $110,224.59.
EverCommerce Price Performance
625,000% Gain
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Shares of EVCM stock opened at $10.52 on Friday. EverCommerce Inc. has a 1-year low of $6.22 and a 1-year high of $12.35. The firm's 50-day simple moving average is $10.43 and its 200-day simple moving average is $10.35. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.67.
EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. The firm had revenue of $177.39 million for the quarter, compared to analyst estimates of $171.88 million. The business's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts anticipate that EverCommerce Inc. will post -0.09 earnings per share for the current year.
Hedge Funds Weigh In On EverCommerce
Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company's stock valued at $125,000 after buying an additional 1,089 shares during the period. Renaissance Technologies LLC raised its stake in shares of EverCommerce by 19.4% in the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company's stock valued at $182,000 after acquiring an additional 2,700 shares during the period. Bank of New York Mellon Corp increased its holdings in EverCommerce by 6.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company's stock valued at $1,805,000 after purchasing an additional 9,595 shares in the last quarter. SG Americas Securities LLC purchased a new position in EverCommerce in the third quarter valued at about $107,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of EverCommerce in the first quarter worth about $123,000. 97.91% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently weighed in on EVCM shares. Evercore ISI raised their price target on EverCommerce from $10.00 to $11.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on shares of EverCommerce from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, EverCommerce presently has a consensus rating of "Moderate Buy" and an average target price of $11.45.
Get Our Latest Analysis on EVCM
About EverCommerce
(
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.
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