Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 19,200 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 19,200 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $13.61, for a total transaction of $261,312.00. Following the completion of the transaction, the chief executive officer directly owned 2,809,935 shares of the company’s stock, valued at approximately $38,243,215.35. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, December 10th, Eric Richard Remer sold 4,004 shares of EverCommerce stock. The stock was sold at an average price of $9.99, for a total value of $39,999.96.
• On Tuesday, December 9th, Eric Richard Remer sold 32,706 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $322,808.22.
• On Thursday, December 4th, Eric Richard Remer sold 26,090 shares of EverCommerce stock. The shares were sold at an average price of $9.50, for a total value of $247,855.00.
• On Wednesday, December 3rd, Eric Richard Remer sold 28,044 shares of EverCommerce stock. The shares were sold at an average price of $9.18, for a total value of $257,443.92.
• On Tuesday, December 2nd, Eric Richard Remer sold 4,056 shares of EverCommerce stock. The stock was sold at an average price of $9.01, for a total transaction of $36,544.56.
• On Thursday, November 13th, Eric Richard Remer sold 500 shares of EverCommerce stock. The stock was sold at an average price of $9.01, for a total transaction of $4,505.00.
• On Tuesday, November 11th, Eric Richard Remer sold 600 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total transaction of $5,430.00.
• On Wednesday, November 5th, Eric Richard Remer sold 5,666 shares of EverCommerce stock. The stock was sold at an average price of $11.37, for a total transaction of $64,422.42.
• On Tuesday, November 4th, Eric Richard Remer sold 13,534 shares of EverCommerce stock. The shares were sold at an average price of $11.27, for a total transaction of $152,528.18.
• On Wednesday, October 29th, Eric Richard Remer sold 10,643 shares of EverCommerce stock. The shares were sold at an average price of $11.77, for a total value of $125,268.11.

EverCommerce Stock Down 9.3%

NASDAQ EVCM traded down $1.25 on Wednesday, hitting $12.15. 552,239 shares of the stock traded hands, compared to its average volume of 208,283. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71. The stock has a 50-day moving average of $10.25 and a 200 day moving average of $10.66. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The company has a market capitalization of $2.18 billion, a P/E ratio of -1,213.79, a price-to-earnings-growth ratio of 6.73 and a beta of 1.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of EverCommerce by 328.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock valued at $7,502,000 after buying an additional 547,712 shares during the last quarter. Woodline Partners LP increased its position in EverCommerce by 4.7% in the 1st quarter. Woodline Partners LP now owns 560,506 shares of the company’s stock valued at $5,650,000 after acquiring an additional 25,412 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in EverCommerce during the 2nd quarter valued at $5,039,000. Tudor Investment Corp ET AL raised its stake in EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after acquiring an additional 83,794 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position 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 acquiring an additional 11,996 shares during the period. Institutional investors own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

EVCM has been the subject of a number of research reports. Barclays decreased their price objective on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Royal Bank Of Canada cut their target price on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Finally, Lake Street Capital set a $11.00 price target on EverCommerce in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.00.

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.