Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 9,527 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 9,527 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $10.55, for a total value of $100,509.85. Following the completion of the sale, the chief executive officer directly owned 5,315,663 shares in the company, valued at approximately $56,080,244.65. The trade was a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value 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 stock was sold at an average price of $10.75, for a total value 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 value of $47,985.78.
• On Tuesday, June 24th, Eric Richard Remer sold 19,711 shares of EverCommerce stock. The stock was 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 stock was 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 value of $191,630.20.
• On Thursday, May 29th, Eric Richard Remer sold 1,425 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total value of $14,250.00.
• On Wednesday, May 28th, Eric Richard Remer sold 12,272 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $9.96, for a total value of $107,597.88.

EverCommerce Price Performance

EVCM stock traded up $0.03 on Friday, hitting $11.28. 32,851 shares of the company's stock traded hands, compared to its average volume of 139,159. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.35. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of -62.61 and a beta of 1.05. The stock has a fifty day moving average of $10.30 and a 200-day moving average of $10.20. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.70.

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

Institutional Trading of EverCommerce

A number of hedge funds have recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC bought a new stake in EverCommerce in the 2nd quarter valued at $5,039,000. Woodline Partners LP boosted its holdings in EverCommerce by 4.7% in the 1st quarter. Woodline Partners LP now owns 560,506 shares of the company's stock valued at $5,650,000 after purchasing an additional 25,412 shares during the period. Martingale Asset Management L P bought a new stake in EverCommerce in the 1st quarter valued at $202,000. EntryPoint Capital LLC bought a new stake in EverCommerce in the 1st quarter valued at $102,000. Finally, Nuveen LLC acquired a new position in shares of EverCommerce in the 1st quarter valued at $493,000. 97.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays increased their target price on EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Canaccord Genuity Group lifted their price target on shares of EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.