Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 16,296 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 16,296 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $10.75, for a total value of $175,182.00. Following the sale, the chief executive officer directly owned 5,348,367 shares of the company's stock, valued at $57,494,945.25. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 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.
• 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 transaction 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.
• On Wednesday, May 14th, Eric Richard Remer sold 1,381 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $11.26, for a total transaction of $260,319.94.

EverCommerce Stock Performance

EVCM stock traded down $0.29 on Friday, reaching $10.55. 221,581 shares of the company were exchanged, compared to its average volume of 138,863. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35. The stock's fifty day moving average price is $10.24 and its 200 day moving average price is $10.20. The firm has a market capitalization of $1.93 billion, a PE ratio of -58.61 and a beta of 1.05. 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 announced its 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 return on equity of 3.13% and a negative net margin of 4.84%. The company had revenue of $142.27 million for the quarter, compared to the consensus estimate of $146.28 million. During the same period last year, the firm posted ($0.09) EPS. The company's revenue was down 16.3% compared to the same quarter last year. On average, research analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new stake in EverCommerce during the fourth quarter worth $29,000. Tower Research Capital LLC TRC boosted its stake in 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 buying an additional 2,040 shares in the last quarter. Deutsche Bank AG boosted its stake in EverCommerce by 919.0% during the fourth 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 acquired a new stake in EverCommerce during the first quarter worth $102,000. Finally, Wells Fargo & Company MN boosted its stake in EverCommerce by 41.7% during the fourth 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. Institutional investors and hedge funds own 97.91% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on EVCM. 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. Piper Sandler dropped their price target on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Barclays lifted their price target on shares of EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, EverCommerce has an average 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.