Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells $136,367.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 12,100 shares of EverCommerce stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $11.27, for a total value of $136,367.00. Following the completion of the transaction, the chief executive officer owned 5,648,151 shares in the company, valued at $63,654,661.77. The trade was a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The stock was sold at an average price of $11.97, for a total value of $104,246.73.
• On Tuesday, July 28th, Eric Richard Remer sold 10,491 shares of EverCommerce stock. The stock was sold at an average price of $12.07, for a total value of $126,626.37.
• On Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.77, for a total value of $206,784.00.
• On Wednesday, July 8th, Eric Richard Remer sold 8,742 shares of EverCommerce stock. The shares were sold at an average price of $9.86, for a total value of $86,196.12.
• On Tuesday, July 7th, Eric Richard Remer sold 11,269 shares of EverCommerce stock. The stock was sold at an average price of $10.08, for a total value of $113,591.52.
• On Thursday, July 2nd, Eric Richard Remer sold 18,950 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total transaction of $193,290.00.
• On Wednesday, July 1st, Eric Richard Remer sold 17,295 shares of EverCommerce stock. The stock was sold at an average price of $10.68, for a total transaction of $184,710.60.
• On Tuesday, June 30th, Eric Richard Remer sold 14,800 shares of EverCommerce stock. The shares were sold at an average price of $9.89, for a total transaction of $146,372.00.
• On Tuesday, June 23rd, Eric Richard Remer sold 1,100 shares of EverCommerce stock. The shares were sold at an average price of $9.03, for a total transaction of $9,933.00.
• On Tuesday, June 16th, Eric Richard Remer sold 4,644 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total transaction of $42,028.20.

EverCommerce Price Performance

EverCommerce stock opened at $12.14 on Friday. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The firm has a fifty day moving average of $10.26 and a 200-day moving average of $10.93. The firm has a market capitalization of $2.15 billion, a P/E ratio of 71.42, a PEG ratio of 1.08 and a beta of 0.93. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The business had revenue of $147.47 million during the quarter, compared to analysts’ expectations of $147.18 million. During the same period in the prior year, the business posted $0.01 EPS. The business’s revenue was up 3.7% on a year-over-year basis. As a group, analysts predict that EverCommerce Inc. will post 0.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after purchasing an additional 11,996 shares in the last quarter. American Century Companies Inc. raised its position in shares of EverCommerce by 19.8% in the 2nd 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 in the last quarter. Prudential Financial Inc. raised its position in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in shares of EverCommerce during the 2nd quarter valued at approximately $302,000. Finally, Lazard Asset Management LLC boosted its stake in shares of EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after buying an additional 49,041 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a research note on Friday, May 8th. Wall Street Zen lowered EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Weiss Ratings downgraded EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Canaccord Genuity Group boosted their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, EverCommerce has a consensus rating of “Hold” and a consensus price target of $11.25.

EverCommerce Company Profile

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.