Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells $178,002.63 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 16,497 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $10.79, for a total transaction of $178,002.63. Following the completion of the transaction, the chief executive officer owned 2,517,220 shares of the company’s stock, valued at approximately $27,160,803.80. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, March 25th, Eric Richard Remer sold 2,703 shares of EverCommerce stock. The shares were sold at an average price of $11.06, for a total value of $29,895.18.
• 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 value of $29,075.84.
• On Tuesday, March 17th, Eric Richard Remer sold 16,304 shares of EverCommerce stock. The stock was sold at an average price of $10.31, for a total transaction of $168,094.24.
• 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 shares were 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 stock was 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.

EverCommerce Price Performance

NASDAQ EVCM opened at $11.36 on Friday. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The firm has a market capitalization of $2.02 billion, a PE ratio of 126.24, a P/E/G ratio of 2.59 and a beta of 1.04. The company’s 50 day simple moving average is $11.20 and its 200 day simple moving average is $11.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 2.11.

EverCommerce (NASDAQ:EVCM) last released its earnings results 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). The firm had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. As a group, equities research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently modified their holdings of the stock. 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 valued at $7,502,000 after purchasing an additional 547,712 shares during the period. Tudor Investment Corp ET AL raised its holdings in EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after buying an additional 83,794 shares during the period. JPMorgan Chase & Co. raised its holdings in EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after buying an additional 11,996 shares during the period. Goldman Sachs Group Inc. lifted its stake in EverCommerce by 94.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after buying an additional 50,854 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in EverCommerce by 111.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after buying an additional 34,979 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wall Street Zen raised EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Canaccord Genuity Group dropped their price target on shares of EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Royal Bank Of Canada reduced their price objective on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. Finally, The Goldman Sachs Group lowered their price objective 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. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, EverCommerce currently has a consensus rating of “Hold” and a consensus target price of $10.71.

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.