EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 3,992 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 3,992 shares of EverCommerce stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $11.07, for a total transaction of $44,191.44. Following the transaction, the chief executive officer now directly owns 1,254,286 shares in the company, valued at $13,884,946.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, June 7th, Eric Richard Remer sold 13,522 shares of EverCommerce stock. The shares were sold at an average price of $9.52, for a total transaction of $128,729.44.
• On Tuesday, June 4th, Eric Richard Remer sold 5,759 shares of EverCommerce stock. The shares were sold at an average price of $9.50, for a total transaction of $54,710.50.
• On Tuesday, May 28th, Eric Richard Remer sold 14,502 shares of EverCommerce stock. The shares were sold at an average price of $10.16, for a total transaction of $147,340.32.

EverCommerce Trading Down 0.9 %

Shares of NASDAQ:EVCM opened at $11.14 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.71 and a current ratio of 1.71. The company has a fifty day simple moving average of $9.99 and a 200 day simple moving average of $9.82. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $12.32.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, May 9th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). EverCommerce had a negative net margin of 6.02% and a negative return on equity of 4.92%. The business had revenue of $170.10 million for the quarter, compared to the consensus estimate of $162.11 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts expect that EverCommerce Inc. will post -0.08 EPS for the current year.

Institutional Trading of EverCommerce

Several institutional investors have recently added to or reduced their stakes in EVCM. Edgestream Partners L.P. bought a new stake in EverCommerce during the first quarter valued at $123,000. Quest Partners LLC bought a new stake in EverCommerce during the fourth quarter valued at $135,000. RIA Advisory Group LLC bought a new stake in EverCommerce during the first quarter valued at $242,000. Raymond James Financial Services Advisors Inc. increased its stake in EverCommerce by 7.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock valued at $254,000 after purchasing an additional 1,500 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of EverCommerce during the fourth quarter valued at $391,000. Institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on EVCM. Canaccord Genuity Group lifted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 10th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.00 price objective (down previously from $11.00) on shares of EverCommerce in a research note on Friday, March 15th. JMP Securities reiterated a “market outperform” rating and set a $12.00 price objective on shares of EverCommerce in a research note on Friday, March 15th. Barclays dropped their price objective on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, March 15th. Finally, Oppenheimer lifted their price objective on shares of EverCommerce from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.40.

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.