Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 1,425 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 1,425 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $10.00, for a total value of $14,250.00. Following the completion of the transaction, the chief executive officer now owns 5,438,163 shares in the company, valued at $54,381,630. The trade was a 0.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, May 28th, Eric Richard Remer sold 12,272 shares of EverCommerce stock. The shares were sold at an average price of $10.05, for a total value of $123,333.60.
• On Tuesday, May 27th, Eric Richard Remer sold 10,803 shares of EverCommerce stock. The stock was sold at an average price of $9.96, for a total transaction of $107,597.88.
• On Wednesday, May 14th, Eric Richard Remer sold 1,381 shares of EverCommerce stock. The stock was sold at an average price of $11.02, for a total transaction of $15,218.62.
• On Tuesday, May 13th, Eric Richard Remer sold 23,119 shares of EverCommerce stock. The stock was sold at an average price of $11.26, for a total transaction of $260,319.94.
• On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total transaction of $179,281.95.
• On Thursday, April 24th, Eric Richard Remer sold 2,412 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total transaction of $24,602.40.
• On Tuesday, April 22nd, Eric Richard Remer sold 10,807 shares of EverCommerce stock. The stock was sold at an average price of $9.86, for a total transaction of $106,557.02.
• On Thursday, April 17th, Eric Richard Remer sold 7,134 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $71,482.68.
• On Tuesday, April 15th, Eric Richard Remer sold 8,366 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total transaction 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.

EverCommerce Price Performance

Shares of EVCM traded down $0.03 during mid-day trading on Friday, reaching $10.02. 224,405 shares of the stock traded hands, compared to its average volume of 137,617. The firm has a fifty day moving average price of $10.12 and a 200 day moving average price of $10.52. The company has a market cap of $1.83 billion, a price-to-earnings ratio of -35.78 and a beta of 1.07. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year high of $12.35.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). The firm had revenue of $142.27 million for the quarter, compared to analysts' expectations of $146.28 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm's revenue for the quarter was down 16.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) earnings per share. As a group, equities research analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in EverCommerce in the 4th quarter worth approximately $29,000. Tower Research Capital LLC TRC grew its stake in EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock worth $38,000 after buying an additional 2,040 shares in the last quarter. Deutsche Bank AG grew its stake in 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 buying an additional 3,667 shares in the last quarter. EntryPoint Capital LLC purchased a new position in EverCommerce in the 1st quarter worth approximately $102,000. Finally, Wells Fargo & Company MN grew its stake in EverCommerce by 41.7% in 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 in the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on EVCM shares. Barclays lifted their price objective on shares of EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Canaccord Genuity Group lifted their target price on shares of EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Jefferies Financial Group reduced their target price on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research note on Friday, March 14th. The Goldman Sachs Group reduced their target price on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a research note on Friday, March 14th. Finally, Royal Bank of Canada reduced their target price on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $11.36.

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.