Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells $29,075.84 in Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 2,896 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $10.04, for a total transaction of $29,075.84. Following the transaction, the chief executive officer owned 2,533,717 shares of the company’s stock, valued at approximately $25,438,518.68. The trade was a 0.11% decrease in their position. The sale 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 Tuesday, March 17th, Eric Richard Remer sold 16,304 shares of EverCommerce stock. The shares were sold at an average price of $10.31, for a total value of $168,094.24.
  • On Thursday, March 12th, Eric Richard Remer sold 1,874 shares of EverCommerce stock. The stock was sold at an average price of $12.13, for a total value 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 value of $131,127.89.
  • On Tuesday, March 3rd, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were 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 stock was 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 value of $111,925.80.
  • On Wednesday, February 11th, Eric Richard Remer sold 8,357 shares of EverCommerce stock. The shares were sold at an average price of $10.26, for a total value of $85,742.82.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $10.35 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. The business’s fifty day moving average price is $11.29 and its two-hundred day moving average price is $11.06. The stock has a market cap of $1.84 billion, a PE ratio of 115.01, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a research note on Friday, March 13th. The Goldman Sachs Group decreased their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Royal Bank Of Canada cut their price target on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. Canaccord Genuity Group reduced their price target on EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, Weiss Ratings upgraded EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.71.

Get Our Latest Analysis on EVCM

Institutional Investors Weigh In On EverCommerce

Several hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new position in EverCommerce during the second quarter worth approximately $595,000. Arrowstreet Capital Limited Partnership raised its stake in EverCommerce by 328.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after purchasing an additional 547,712 shares during the period. Inceptionr LLC acquired a new position in shares of EverCommerce in the 2nd quarter valued at $159,000. Oxford Asset Management LLP purchased a new stake in shares of EverCommerce during the 2nd quarter valued at $168,000. Finally, Prudential Financial Inc. grew its stake in shares of EverCommerce by 9.6% during the 2nd 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 during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

About EverCommerce

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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