Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 11,861 Shares of Stock

Key Points

• EverCommerce Inc. CEO Eric Richard Remer sold a total of 11,861 shares on July 29 at an average price of $11.39, amounting to $135,096.79, which reduced his ownership in the company by 0.22%.
• The company's stock price has fluctuated recently, trading at $10.73 with a one-year low of $8.10 and a high of $12.34, indicating notable market activity.
• Several institutions have increased their stakes in EverCommerce, with 97.91% of the stock owned by institutional investors, reflecting strong confidence in the company's potential.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 11,861 shares of the business's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $11.39, for a total value of $135,096.79. Following the completion of the transaction, the chief executive officer directly owned 5,279,302 shares in the company, valued at $60,131,249.78. The trade was a 0.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, July 30th, Eric Richard Remer sold 12,639 shares of EverCommerce stock. The stock was sold at an average price of $11.12, for a total value of $140,545.68.
• On Wednesday, July 23rd, Eric Richard Remer sold 4,753 shares of EverCommerce stock. The stock was sold at an average price of $11.43, for a total value of $54,326.79.
• 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 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.

EverCommerce Price Performance

Shares of NASDAQ EVCM traded down $0.32 during midday trading on Thursday, reaching $10.73. 195,680 shares of the company were exchanged, compared to its average volume of 167,637. The stock has a market cap of $1.96 billion, a P/E ratio of -59.61 and a beta of 1.05. The stock's 50-day moving average price is $10.43 and its 200-day moving average price is $10.24. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. EverCommerce Inc. has a one year low of $8.10 and a one year high of $12.34.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its 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 firm had revenue of $142.27 million during the quarter, compared to analyst estimates of $146.28 million. During the same quarter in the previous year, the firm earned ($0.09) EPS. EverCommerce's quarterly revenue was down 16.3% on a year-over-year basis. On average, sell-side analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on EVCM. Barclays increased their target price on EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Canaccord Genuity Group increased their price objective on shares of EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Two 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 MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $11.36.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Woodline Partners LP increased its position in shares of EverCommerce by 4.7% during the first quarter. Woodline Partners LP now owns 560,506 shares of the company's stock worth $5,650,000 after acquiring an additional 25,412 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in EverCommerce in the 2nd quarter valued at about $5,039,000. Janus Henderson Group PLC increased its stake in EverCommerce by 34.6% in the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock valued at $4,716,000 after buying an additional 110,183 shares during the last quarter. Northern Trust Corp increased its stake in EverCommerce by 4.2% in the 4th quarter. Northern Trust Corp now owns 199,283 shares of the company's stock valued at $2,194,000 after buying an additional 7,954 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in EverCommerce by 48.6% in the 4th quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company's stock valued at $1,695,000 after buying an additional 49,745 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

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.

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