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

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 4,753 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $11.43, for a total transaction of $54,326.79. Following the completion of the sale, the chief executive officer owned 5,291,163 shares in the company, valued at $60,477,993.09. The trade was a 0.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 shares were 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 shares were 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 transaction 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 shares were 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 transaction 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 transaction 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 Price Performance

NASDAQ:EVCM traded up $0.14 during trading hours on Friday, reaching $11.57. 138,091 shares of the company's stock were exchanged, compared to its average volume of 167,418. The business's 50-day simple moving average is $10.34 and its two-hundred day simple moving average is $10.22. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $2.11 billion, a P/E ratio of -64.28 and a beta of 1.05.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). EverCommerce had a negative return on equity of 3.13% and a negative net margin of 4.84%. The firm had revenue of $142.27 million during the quarter, compared to analyst estimates of $146.28 million. During the same period in the prior year, the business posted ($0.09) EPS. The company's revenue for the quarter was down 16.3% on a year-over-year basis. Sell-side analysts expect that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVCM. Charles Schwab Investment Management Inc. boosted its stake in EverCommerce by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock worth $1,856,000 after purchasing an additional 1,092 shares during the period. Raymond James Financial Inc. acquired a new position in EverCommerce in the 4th quarter worth approximately $694,000. American Century Companies Inc. boosted its stake in EverCommerce by 32.3% in the 4th quarter. American Century Companies Inc. now owns 22,753 shares of the company's stock worth $251,000 after purchasing an additional 5,554 shares during the period. JPMorgan Chase & Co. boosted its stake in EverCommerce by 48.6% in the 4th quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company's stock worth $1,695,000 after purchasing an additional 49,745 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in EverCommerce by 84.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company's stock worth $1,468,000 after purchasing an additional 61,144 shares during the period. Institutional investors and hedge funds own 97.91% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on EVCM. Canaccord Genuity Group raised their price objective on shares of EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Barclays raised their target price on shares of EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Two investment 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's stock. According to data from MarketBeat.com, EverCommerce currently has a consensus rating of "Hold" and a consensus 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.