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 stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $10.55, for a total value of $100,509.85. Following the transaction, the chief executive officer owned 5,315,663 shares of the company's stock, valued at approximately $56,080,244.65. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 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 stock was 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 value 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 value 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.
• 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 transaction of $107,597.88.

EverCommerce Price Performance

Shares of NASDAQ EVCM traded down $0.06 during mid-day trading on Friday, reaching $11.19. 194,505 shares of the company traded hands, compared to its average volume of 139,743. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.35. The firm has a market cap of $2.04 billion, a PE ratio of -62.17 and a beta of 1.05. The stock has a fifty day simple moving average of $10.30 and a 200-day simple moving average of $10.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.29 and a quick ratio of 2.29.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $142.27 million for the quarter, compared to the consensus estimate of $146.28 million. During the same period in the previous year, the business posted ($0.09) earnings per share. The business's revenue for the quarter was down 16.3% compared to the same quarter last year. Equities research analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Canaccord Genuity Group lifted their price objective 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. Barclays lifted their price target on EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a 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 issued a buy rating to the stock. According to MarketBeat.com, EverCommerce currently has an average rating of "Hold" and an average price target of $11.36.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of EverCommerce by 48.6% during the 4th quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company's stock valued at $1,695,000 after purchasing an additional 49,745 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in EverCommerce during the fourth quarter valued at approximately $694,000. GAMMA Investing LLC lifted its stake in EverCommerce by 838.8% during the first 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 last quarter. Woodline Partners LP boosted its holdings in EverCommerce by 24.8% during the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company's stock worth $5,891,000 after buying an additional 106,359 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in EverCommerce by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock worth $1,856,000 after buying an additional 1,092 shares during the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

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.