Eric Richard Remer Sells 5,759 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 5,759 shares of EverCommerce stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $9.50, for a total transaction of $54,710.50. Following the transaction, the chief executive officer now owns 1,271,800 shares in the company, valued at approximately $12,082,100. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Tuesday, May 28th, Eric Richard Remer sold 14,502 shares of EverCommerce stock. The stock was sold at an average price of $10.16, for a total value of $147,340.32.
  • On Tuesday, April 2nd, Eric Richard Remer sold 4,016 shares of EverCommerce stock. The shares were sold at an average price of $9.00, for a total transaction of $36,144.00.

EverCommerce Stock Down 1.4 %

Shares of NASDAQ EVCM opened at $9.43 on Friday. EverCommerce Inc. has a 1 year low of $6.22 and a 1 year high of $12.32. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $9.55 and a two-hundred day moving average price of $9.73.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Friday, May 10th. Piper Sandler reiterated a “neutral” rating and issued a $10.00 price target on shares of EverCommerce in a research note on Friday, March 15th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $10.00 price target (down previously from $11.00) on shares of EverCommerce in a research report on Friday, March 15th. Barclays dropped their target price on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, March 15th. Finally, Oppenheimer lifted their price target on EverCommerce from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. One investment 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, EverCommerce currently has a consensus rating of “Moderate Buy” and an average price target of $11.40.

Check Out Our Latest Report on EverCommerce

Institutional Trading of EverCommerce

A number of large investors have recently added to or reduced their stakes in EVCM. Raymond James Financial Services Advisors Inc. boosted its stake in shares of EverCommerce by 7.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock worth $254,000 after acquiring an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in EverCommerce by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 185,359 shares of the company’s stock valued at $1,859,000 after buying an additional 3,831 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of EverCommerce during the fourth quarter valued at approximately $135,000. Edgestream Partners L.P. acquired a new stake in EverCommerce during the 1st quarter valued at $123,000. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of EverCommerce by 57.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 55,000 shares of the company’s stock worth $512,000 after buying an additional 20,000 shares during the period. 97.91% of the stock is currently owned by institutional investors.

About EverCommerce

(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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Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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