EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $121,109.76 in Stock

Posted by Oscar Bower on Nov 23rd, 2024

EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 10,513 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $11.52, for a total value of $121,109.76. Following the completion of the transaction, the chief executive officer now directly owns 7,945,232 shares in the company, valued at approximately $91,529,072.64. This represents a 0.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

On Tuesday, November 19th, Eric Richard Remer sold 8,818 shares of EverCommerce stock. The stock was sold at an average price of $11.03, for a total value of $97,262.54.
On Thursday, November 14th, Eric Richard Remer sold 13,200 shares of EverCommerce stock. The stock was sold at an average price of $11.04, for a total value of $145,728.00.
On Tuesday, November 12th, Eric Richard Remer sold 8,867 shares of EverCommerce stock. The stock was sold at an average price of $12.01, for a total value of $106,492.67.
On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The stock was sold at an average price of $11.73, for a total value of $212,805.66.
On Tuesday, November 5th, Eric Richard Remer sold 10,870 shares of EverCommerce stock. The stock was sold at an average price of $10.97, for a total value of $119,243.90.
On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The shares were sold at an average price of $10.57, for a total value of $53,537.05.
On Tuesday, October 29th, Eric Richard Remer sold 4,400 shares of EverCommerce stock. The shares were sold at an average price of $10.67, for a total value of $46,948.00.
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 value of $43,554.00.
On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The shares were 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.

EverCommerce Price Performance

EVCM stock opened at $11.87 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average of $10.75 and a 200-day moving average of $10.60. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.35.

EverCommerce (NASDAQ:EVCM – Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. The firm’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EVCM shares. Royal Bank of Canada upped their price objective on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Evercore ISI boosted their target price on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Oppenheimer boosted their target price on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler boosted their target price on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

Get Our Latest Report on EVCM

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVCM. SG Americas Securities LLC acquired a new position in EverCommerce during the third quarter valued at approximately $107,000. Edgestream Partners L.P. bought a new stake in EverCommerce in the first quarter valued at approximately $123,000. The Manufacturers Life Insurance Company raised its stake 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 EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after buying an additional 2,700 shares during the period. Finally, RIA Advisory Group LLC bought a new stake in EverCommerce in the third quarter valued at approximately $241,000. 97.91% of the stock is owned by institutional investors and hedge funds.

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.