EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,149 shares of the stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $9.41, for a total transaction of $76,682.09. Following the transaction, the chief executive officer now owns 7,560,663 shares of the company's stock, valued at $71,145,838.83. This represents a 0.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Eric Richard Remer also recently made the following trade(s):
- On Thursday, April 3rd, Eric Richard Remer sold 16,339 shares of EverCommerce stock. The stock was sold at an average price of $9.81, for a total transaction of $160,285.59.
- On Tuesday, April 1st, Eric Richard Remer sold 11,137 shares of EverCommerce stock. The shares were sold at an average price of $10.11, for a total transaction of $112,595.07.
- On Thursday, March 27th, Eric Richard Remer sold 7,164 shares of EverCommerce stock. The shares were sold at an average price of $10.51, for a total value of $75,293.64.
- On Tuesday, March 25th, Eric Richard Remer sold 9,366 shares of EverCommerce stock. The stock was sold at an average price of $10.51, for a total value of $98,436.66.
- On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The shares were sold at an average price of $9.97, for a total value of $135,113.44.
- On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $98,512.47.
- On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total transaction of $91,558.85.
- On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The shares were sold at an average price of $9.06, for a total transaction of $85,200.24.
- On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The shares were sold at an average price of $9.51, for a total transaction of $82,622.88.
- On Tuesday, March 4th, Eric Richard Remer sold 10,406 shares of EverCommerce stock. The stock was sold at an average price of $9.65, for a total value of $100,417.90.
EverCommerce Stock Up 1.6 %
Shares of NASDAQ:EVCM opened at $10.09 on Friday. The stock has a market capitalization of $1.85 billion, a P/E ratio of -36.03 and a beta of 1.06. The stock's 50-day moving average price is $10.07 and its 200-day moving average price is $10.64. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. EverCommerce Inc. has a 12-month low of $8.10 and a 12-month high of $12.35.
EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company had revenue of $175.00 million for the quarter, compared to the consensus estimate of $170.48 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. EverCommerce's revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in EverCommerce during the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC grew its position in shares of EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock worth $38,000 after buying an additional 2,040 shares during the last quarter. Deutsche Bank AG grew its position in shares of EverCommerce by 919.0% in the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock worth $45,000 after buying an additional 3,667 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of EverCommerce by 41.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after buying an additional 3,106 shares during the period. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of EverCommerce during the fourth quarter valued at approximately $119,000. 97.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
EVCM has been the subject of several recent analyst reports. Barclays reduced their target price on EverCommerce from $12.00 to $9.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Jefferies Financial Group lowered their target price 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 cut their price target on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Piper Sandler lowered their price objective on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Royal Bank of Canada cut their target price on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $11.09.
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About EverCommerce
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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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