Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 7,134 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,134 shares of the company’s stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $10.02, for a total value of $71,482.68. Following the completion of the transaction, the chief executive officer now directly owns 7,536,163 shares of the company’s stock, valued at approximately $75,512,353.26. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, April 15th, Eric Richard Remer sold 8,366 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total value of $83,910.98.
• On Wednesday, April 9th, Eric Richard Remer sold 8,149 shares of EverCommerce stock. The stock was sold at an average price of $9.41, for a total transaction of $76,682.09.
• On Thursday, April 3rd, Eric Richard Remer sold 16,339 shares of EverCommerce stock. The shares were sold at an average price of $9.81, for a total transaction of $160,285.59.
• On Tuesday, April 1st, Eric Richard Remer sold 11,137 shares of EverCommerce stock. The shares were sold at an average price of $10.11, for a total transaction of $112,595.07.
• On Thursday, March 27th, Eric Richard Remer sold 7,164 shares of EverCommerce stock. The stock was sold at an average price of $10.51, for a total transaction of $75,293.64.
• On Tuesday, March 25th, Eric Richard Remer sold 9,366 shares of EverCommerce stock. The shares were sold at an average price of $10.51, for a total value of $98,436.66.
• On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The stock was sold at an average price of $9.97, for a total value of $135,113.44.
• On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $98,512.47.
• On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total value of $91,558.85.
• On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The stock was sold at an average price of $9.06, for a total transaction of $85,200.24.

EverCommerce Trading Down 1.2 %

Shares of EVCM opened at $9.96 on Friday. The stock’s fifty day simple moving average is $10.02 and its 200-day simple moving average is $10.63. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $1.83 billion, a PE ratio of -35.57 and a beta of 1.06. EverCommerce Inc. has a 12-month low of $8.10 and a 12-month high of $12.35.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business had revenue of $175.00 million during the quarter, compared to the consensus estimate of $170.48 million. During the same period last year, the business posted ($0.12) EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EVCM. Royal Bank of Canada reduced their price target on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Barclays reduced their target price on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Jefferies Financial Group dropped their price target on EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday, March 14th. Oppenheimer reduced their price objective on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Finally, Piper Sandler lowered their target price on EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.09.

Institutional Trading of EverCommerce

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of EverCommerce by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock valued at $1,856,000 after purchasing an additional 1,092 shares during the period. Tower Research Capital LLC TRC lifted its stake in EverCommerce by 145.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after buying an additional 2,040 shares during the period. BNP Paribas Financial Markets bought a new position in EverCommerce during the fourth quarter worth about $29,000. Wells Fargo & Company MN grew its position in shares of EverCommerce by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after buying an additional 3,106 shares during the period. Finally, Barclays PLC increased its stake in shares of EverCommerce by 11.2% in the 4th quarter. Barclays PLC now owns 32,989 shares of the company’s stock valued at $363,000 after acquiring an additional 3,312 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.