EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 4,834 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $10.58, for a total transaction of $51,143.72. Following the transaction, the chief executive officer now owns 8,079,718 shares of the company's stock, valued at approximately $85,483,416.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Eric Richard Remer also recently made the following trade(s):
Shares of NASDAQ EVCM traded up $0.13 during midday trading on Thursday, reaching $10.74. The company's stock had a trading volume of 42,579 shares, compared to its average volume of 144,905. The firm has a 50 day moving average price of $10.33 and a 200-day moving average price of $10.24. The stock has a market capitalization of $1.99 billion, a P/E ratio of -51.14 and a beta of 1.08. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $12.35. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.68 and a quick ratio of 1.68.
EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). EverCommerce had a negative return on equity of 5.33% and a negative net margin of 6.31%. The company had revenue of $177.39 million during the quarter, compared to the consensus estimate of $171.88 million. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts predict that EverCommerce Inc. will post -0.09 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. RIA Advisory Group LLC purchased a new stake in EverCommerce in the first quarter worth approximately $242,000. Vanguard Group Inc. raised its holdings in EverCommerce by 1.9% during the first quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company's stock valued at $15,684,000 after acquiring an additional 30,481 shares during the period. Edgestream Partners L.P. bought a new position in shares of EverCommerce in the first quarter worth about $123,000. DekaBank Deutsche Girozentrale grew its position in shares of EverCommerce by 57.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 55,000 shares of the company's stock worth $512,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in EverCommerce by 6.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company's stock valued at $1,805,000 after purchasing an additional 9,595 shares during the period. Institutional investors own 97.91% of the company's stock.
A number of analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of EverCommerce from $10.00 to $11.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. upped their target price on EverCommerce from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, EverCommerce has an average rating of "Moderate Buy" and an average target price of $11.45.
Check Out Our Latest Research Report on EVCM
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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