Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 4,753 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,753 shares of EverCommerce stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $11.43, for a total transaction of $54,326.79. Following the transaction, the chief executive officer directly owned 5,291,163 shares of the company’s stock, valued at $60,477,993.09. This represents a 0.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, July 22nd, Eric Richard Remer sold 19,747 shares of EverCommerce stock. The stock was sold at an average price of $11.40, for a total transaction of $225,115.80.
• On Wednesday, July 16th, Eric Richard Remer sold 9,527 shares of EverCommerce stock. The shares were sold at an average price of $10.55, for a total transaction of $100,509.85.
• 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 transaction 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 transaction 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 transaction of $47,985.78.
• On Tuesday, June 24th, Eric Richard Remer sold 19,711 shares of EverCommerce stock. The shares were 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 shares were 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 shares were sold at an average price of $9.56, for a total transaction of $191,630.20.
• On Thursday, May 29th, Eric Richard Remer sold 1,425 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total transaction of $14,250.00.

EverCommerce Stock Performance

Shares of EVCM opened at $11.59 on Thursday. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.70. The firm’s fifty day simple moving average is $10.32 and its two-hundred day simple moving average is $10.21. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35. The stock has a market capitalization of $2.12 billion, a P/E ratio of -64.39 and a beta of 1.05.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $142.27 million for the quarter, compared to the consensus estimate of $146.28 million. EverCommerce had a negative net margin of 4.84% and a negative return on equity of 3.13%. The firm’s revenue for the quarter was down 16.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.09) EPS. As a group, analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new stake in EverCommerce in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC raised its position in shares of EverCommerce by 145.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock worth $38,000 after purchasing an additional 2,040 shares during the period. Deutsche Bank AG lifted its holdings in shares of EverCommerce by 919.0% in the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock worth $45,000 after purchasing an additional 3,667 shares in the last quarter. GAMMA Investing LLC grew its position in EverCommerce by 838.8% in the 1st quarter. GAMMA Investing LLC now owns 7,116 shares of the company’s stock valued at $706,000 after purchasing an additional 6,358 shares during the period. Finally, EntryPoint Capital LLC bought a new stake in EverCommerce during the 1st quarter valued at $102,000. 97.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

About EverCommerce

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.