Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 8,204 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,204 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $10.70, for a total value of $87,782.80. Following the sale, the chief executive officer directly owned 5,340,163 shares of the company's stock, valued at approximately $57,139,744.10. The trade was a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 stock was 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 transaction 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 transaction of $42,367.05.
• On Monday, June 16th, Eric Richard Remer sold 20,045 shares of EverCommerce stock. The stock was 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 stock was 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 transaction 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.

EverCommerce Stock Performance

EverCommerce stock traded down $0.29 during mid-day trading on Friday, hitting $10.55. 221,581 shares of the company's stock traded hands, compared to its average volume of 138,863. The firm has a 50 day simple moving average of $10.24 and a two-hundred day simple moving average of $10.20. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.35. The stock has a market cap of $1.93 billion, a price-to-earnings 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 quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) 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 business had revenue of $142.27 million for the quarter, compared to analyst estimates of $146.28 million. During the same period in the prior year, the business earned ($0.09) EPS. The company's revenue for the quarter was down 16.3% compared to the same quarter last year. On average, research analysts expect that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on EVCM shares. Piper Sandler cut their price objective on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Barclays increased their price objective on EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Finally, Canaccord Genuity Group increased their price objective on EverCommerce from $13.00 to $14.00 and gave the company a "buy" rating in a report on Monday, May 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $11.36.

Institutional Investors Weigh In On EverCommerce

Several hedge funds have recently added to or reduced their stakes in the business. Kingstone Capital Partners Texas LLC acquired a new stake in EverCommerce during the 2nd quarter valued at $5,039,000. Woodline Partners LP increased its position in EverCommerce by 4.7% during the 1st quarter. Woodline Partners LP now owns 560,506 shares of the company's stock worth $5,650,000 after buying an additional 25,412 shares during the period. Martingale Asset Management L P bought a new position in EverCommerce during the 1st quarter worth $202,000. EntryPoint Capital LLC bought a new position in EverCommerce during the 1st quarter worth $102,000. Finally, Nuveen LLC bought a new position in EverCommerce during the 1st quarter worth $493,000. Institutional investors and hedge funds own 97.91% of the company's stock.

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.