Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 16,304 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 16,304 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $10.31, for a total value of $168,094.24. Following the completion of the sale, the chief executive officer directly owned 2,536,613 shares of the company’s stock, valued at $26,152,480.03. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, March 18th, Eric Richard Remer sold 2,896 shares of EverCommerce stock. The shares were sold at an average price of $10.04, for a total transaction of $29,075.84.
• On Thursday, March 12th, Eric Richard Remer sold 1,874 shares of EverCommerce stock. The shares were sold at an average price of $12.13, for a total transaction of $22,731.62.
• On Wednesday, March 11th, Eric Richard Remer sold 6,279 shares of EverCommerce stock. The shares were sold at an average price of $12.05, for a total transaction of $75,661.95.
• On Tuesday, March 10th, Eric Richard Remer sold 11,047 shares of EverCommerce stock. The stock was sold at an average price of $11.87, for a total transaction of $131,127.89.
• On Tuesday, March 3rd, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $11.43, for a total transaction of $219,456.00.
• On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The shares were sold at an average price of $10.52, for a total transaction of $120,874.80.
• On Tuesday, February 24th, Eric Richard Remer sold 7,710 shares of EverCommerce stock. The shares were sold at an average price of $10.29, for a total transaction of $79,335.90.
• On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total transaction of $90,853.35.
• On Tuesday, February 17th, Eric Richard Remer sold 11,340 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $111,925.80.
• On Wednesday, February 11th, Eric Richard Remer sold 8,357 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total value of $85,742.82.

EverCommerce Stock Performance

EVCM stock traded up $0.06 during trading on Wednesday, hitting $10.07. The company had a trading volume of 192,955 shares, compared to its average volume of 149,665. The firm has a 50-day moving average price of $11.39 and a 200-day moving average price of $11.08. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.79 billion, a PE ratio of 111.90, a price-to-earnings-growth ratio of 2.09 and a beta of 1.04. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The company had revenue of $151.15 million for the quarter, compared to analyst estimates of $150.06 million. During the same period in the previous year, the business posted ($0.07) earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EVCM shares. Royal Bank Of Canada lowered their price objective on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Friday, March 13th. Zacks Research downgraded shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Raymond James Financial cut shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group dropped their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 13th. Finally, Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.71.

Institutional Investors Weigh In On EverCommerce

Several institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in EverCommerce by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after purchasing an additional 11,996 shares during the last quarter. American Century Companies Inc. grew its holdings in EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after purchasing an additional 4,576 shares during the last quarter. Prudential Financial Inc. increased its position in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Inceptionr LLC acquired a new position in shares of EverCommerce during the 2nd quarter worth $159,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of EverCommerce by 328.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after buying an additional 547,712 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

About EverCommerce

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.