EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 13,338 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM – Get Rating) CEO Eric Richard Remer sold 13,338 shares of EverCommerce stock in a transaction on Saturday, June 3rd. The stock was sold at an average price of $11.78, for a total transaction of $157,121.64. Following the completion of the transaction, the chief executive officer now directly owns 1,863,853 shares in the company, valued at $21,956,188.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

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• On Monday, April 3rd, Eric Richard Remer sold 3,798 shares of EverCommerce stock. The shares were sold at an average price of $10.41, for a total value of $39,537.18.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM opened at $12.29 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.55 and a quick ratio of 1.55. The business has a 50-day simple moving average of $11.66 and a two-hundred day simple moving average of $9.68. EverCommerce Inc. has a fifty-two week low of $5.87 and a fifty-two week high of $13.47.

EverCommerce (NASDAQ:EVCM – Get Rating) last issued its earnings results on Tuesday, May 9th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). EverCommerce had a negative return on equity of 6.42% and a negative net margin of 10.54%. The company had revenue of $161.14 million for the quarter, compared to the consensus estimate of $158.72 million. During the same quarter in the prior year, the company posted ($0.06) EPS. EverCommerce’s revenue was up 12.2% compared to the same quarter last year. Equities research analysts forecast that EverCommerce Inc. will post -0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. TheStreet raised EverCommerce from a “d+” rating to a “c-” rating in a research report on Monday, April 24th. JMP Securities reissued a “market outperform” rating and set a $17.00 price objective on shares of EverCommerce in a research note on Thursday, March 16th. Barclays raised their target price on shares of EverCommerce from $10.00 to $11.00 in a research note on Thursday, May 11th. Royal Bank of Canada boosted their price target on EverCommerce from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Thursday, March 16th. Finally, Oppenheimer lifted their price objective on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Thursday, March 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.31.

Institutional Investors Weigh In On EverCommerce

A number of hedge funds have recently bought and sold shares of EVCM. UBS Group AG increased its holdings in shares of EverCommerce by 871.7% in the 3rd quarter. UBS Group AG now owns 2,711 shares of the company’s stock worth $29,000 after buying an additional 2,432 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in EverCommerce by 82.7% during the first quarter. Ameritas Investment Partners Inc. now owns 2,327 shares of the company’s stock valued at $31,000 after purchasing an additional 1,053 shares during the period. Ensign Peak Advisors Inc bought a new position in shares of EverCommerce during the 3rd quarter valued at approximately $38,000. Tower Research Capital LLC TRC boosted its stake in EverCommerce by 379.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,624 shares of the company’s stock worth $40,000 after buying an additional 2,868 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of EverCommerce by 196.6% in the second quarter. Legal & General Group Plc now owns 8,707 shares of the company’s stock valued at $79,000 after acquiring an additional 5,771 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

EverCommerce Company Profile

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EverCommerce Inc, together with its subsidiaries, engages in providing 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, including route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions that comprise e-invoicing, mobile payments, and integrated payment processing; customer engagement applications, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.

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