EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 4,789 Shares

by · The Cerbat Gem

EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 4,789 shares of EverCommerce stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $10.02, for a total value of $47,985.78. Following the completion of the transaction, the chief executive officer now directly owns 5,364,663 shares in the company, valued at $53,753,923.26. This trade represents a 0.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, June 24th, Eric Richard Remer sold 19,711 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total transaction of $197,504.22.
  • On Tuesday, June 17th, Eric Richard Remer sold 4,455 shares of EverCommerce stock. The stock was sold at an average price of $9.51, for a total transaction of $42,367.05.
  • On Monday, June 16th, Eric Richard Remer sold 20,045 shares of EverCommerce stock. The shares were sold at an average price of $9.56, for a total transaction of $191,630.20.
  • On Thursday, May 29th, Eric Richard Remer sold 1,425 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total value of $14,250.00.
  • On Wednesday, May 28th, Eric Richard Remer sold 12,272 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total value of $123,333.60.
  • On Tuesday, May 27th, Eric Richard Remer sold 10,803 shares of EverCommerce stock. The stock was sold at an average price of $9.96, for a total value of $107,597.88.
  • On Wednesday, May 14th, Eric Richard Remer sold 1,381 shares of EverCommerce stock. The shares were sold at an average price of $11.02, for a total value of $15,218.62.
  • On Tuesday, May 13th, Eric Richard Remer sold 23,119 shares of EverCommerce stock. The stock was sold at an average price of $11.26, for a total value of $260,319.94.
  • On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total transaction of $179,281.95.
  • On Thursday, April 24th, Eric Richard Remer sold 2,412 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total transaction of $24,602.40.

EverCommerce Trading Up 3.5%

NASDAQ:EVCM opened at $10.42 on Friday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of -57.89 and a beta of 1.05. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average price is $10.09 and its 200-day moving average price is $10.29. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.35.

EverCommerce (NASDAQ:EVCM – Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). EverCommerce had a negative net margin of 4.84% and a negative return on equity of 3.13%. The business had revenue of $142.27 million during the quarter, compared to the consensus estimate of $146.28 million. The business’s revenue was down 16.3% compared to the same quarter last year. During the same period last year, the company posted ($0.09) earnings per share. On average, equities research analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in EverCommerce by 48.6% in the 4th quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company’s stock worth $1,695,000 after buying an additional 49,745 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of EverCommerce during the fourth quarter valued at approximately $694,000. GAMMA Investing LLC lifted its position in EverCommerce by 838.8% during the first quarter. GAMMA Investing LLC now owns 7,116 shares of the company’s stock valued at $706,000 after purchasing an additional 6,358 shares during the period. Woodline Partners LP lifted its position in EverCommerce by 24.8% during the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock valued at $5,891,000 after purchasing an additional 106,359 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in EverCommerce by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock worth $1,856,000 after purchasing an additional 1,092 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EVCM has been the topic of several research reports. Canaccord Genuity Group lifted their price target on EverCommerce from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, May 12th. The Goldman Sachs Group dropped their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 14th. Piper Sandler reduced their target price 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. Oppenheimer decreased 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. Finally, Royal Bank Of Canada dropped their price objective on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, EverCommerce presently has a consensus rating of “Hold” and an average target price of $11.36.

View Our Latest Stock Report 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.

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