Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 9,560 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 9,560 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $11.90, for a total transaction of $113,764.00. Following the transaction, the chief executive officer now owns 7,935,672 shares in the company, valued at approximately $94,434,496.80. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, December 12th, Eric Richard Remer sold 4,464 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total value of $53,835.84.
• On Thursday, November 21st, Eric Richard Remer sold 10,513 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total value of $121,109.76.
• On Tuesday, November 19th, Eric Richard Remer sold 8,818 shares of EverCommerce stock. The shares were 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 transaction of $145,728.00.
• On Tuesday, November 12th, Eric Richard Remer sold 8,867 shares of EverCommerce stock. The shares were sold at an average price of $12.01, for a total transaction 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 transaction of $212,805.66.
• On Tuesday, November 5th, Eric Richard Remer sold 10,870 shares of EverCommerce stock. The shares were sold at an average price of $10.97, for a total transaction of $119,243.90.
• On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The stock was 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 stock was sold at an average price of $10.37, for a total value of $43,554.00.

EverCommerce Price Performance

EVCM traded down $0.07 during trading hours on Thursday, hitting $12.02. The company’s stock had a trading volume of 54,495 shares, compared to its average volume of 138,598. EverCommerce Inc. has a 12 month low of $6.22 and a 12 month high of $12.35. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $11.19 and its 200-day moving average price is $10.77. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -42.93 and a beta of 1.12.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business had revenue of $176.26 million during the quarter, compared to the consensus estimate of $174.87 million. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of EverCommerce

Several hedge funds and other institutional investors have recently bought and sold shares of EVCM. SG Americas Securities LLC purchased a new position in EverCommerce during the third quarter worth $107,000. The Manufacturers Life Insurance Company lifted its holdings in shares of EverCommerce by 10.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after acquiring an additional 1,089 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of EverCommerce by 19.4% during the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after purchasing an additional 2,700 shares during the period. RIA Advisory Group LLC purchased a new position in shares of EverCommerce during the 3rd quarter worth about $241,000. Finally, Barclays PLC grew its holdings in EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after purchasing an additional 22,360 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EVCM. Royal Bank of Canada increased their target price on shares of EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. JMP Securities raised their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Oppenheimer upped their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Piper Sandler raised their price target on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Finally, Barclays upped their price objective on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.56.

EverCommerce Company Profile

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.