Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 9,527 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 9,527 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $10.55, for a total transaction of $100,509.85. Following the completion of the sale, the chief executive officer owned 5,315,663 shares in the company, valued at $56,080,244.65. This represents a 0.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, July 15th, Eric Richard Remer sold 14,973 shares of EverCommerce stock. The stock was sold at an average price of $10.65, for a total value of $159,462.45.
• On Wednesday, July 9th, Eric Richard Remer sold 8,204 shares of EverCommerce stock. The shares were sold at an average price of $10.70, for a total value of $87,782.80.
• On Tuesday, July 8th, Eric Richard Remer sold 16,296 shares of EverCommerce stock. The shares were sold at an average price of $10.75, for a total value of $175,182.00.
• On Wednesday, June 25th, Eric Richard Remer sold 4,789 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total value of $47,985.78.
• On Tuesday, June 24th, Eric Richard Remer sold 19,711 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total value of $197,504.22.
• On Tuesday, June 17th, Eric Richard Remer sold 4,455 shares of EverCommerce stock. The stock was sold at an average price of $9.51, for a total value of $42,367.05.
• On Monday, June 16th, Eric Richard Remer sold 20,045 shares of EverCommerce stock. The stock was sold at an average price of $9.56, for a total value of $191,630.20.
• On Thursday, May 29th, Eric Richard Remer sold 1,425 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total transaction of $14,250.00.
• On Wednesday, May 28th, Eric Richard Remer sold 12,272 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total transaction of $123,333.60.
• On Tuesday, May 27th, Eric Richard Remer sold 10,803 shares of EverCommerce stock. The shares were sold at an average price of $9.96, for a total transaction of $107,597.88.

EverCommerce Stock Performance

NASDAQ:EVCM opened at $11.25 on Friday. The firm has a 50-day moving average of $10.30 and a two-hundred day moving average of $10.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market cap of $2.05 billion, a P/E ratio of -62.50 and a beta of 1.05. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.35.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). EverCommerce had a negative net margin of 4.84% and a negative return on equity of 3.13%. The business had revenue of $142.27 million during the quarter, compared to the consensus estimate of $146.28 million. During the same period last year, the business posted ($0.09) EPS. The firm’s revenue for the quarter was down 16.3% on a year-over-year basis. On average, research analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Canaccord Genuity Group upped their target price on shares of EverCommerce from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. Barclays upped their price objective on shares of EverCommerce from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.36.

Hedge Funds Weigh In On EverCommerce

A number of large investors have recently modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new stake in EverCommerce during the 2nd quarter valued at approximately $5,039,000. Janus Henderson Group PLC grew its holdings in EverCommerce by 34.6% in the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock valued at $4,716,000 after buying an additional 110,183 shares in the last quarter. Woodline Partners LP lifted its stake in EverCommerce by 24.8% during the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock worth $5,891,000 after acquiring an additional 106,359 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of EverCommerce in the 4th quarter valued at about $694,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in EverCommerce by 84.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company’s stock worth $1,468,000 after buying an additional 61,144 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.

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.