Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 12,639 Shares of Stock

Key Points

• EverCommerce Inc. CEO Eric Richard Remer sold 12,639 shares at an average price of $11.12, totaling approximately $140,546, reducing his ownership by 0.24%.
• The company's stock recently traded at $10.73, with an average target price set at $11.36 by analysts, who have mixed ratings on the stock.
• EverCommerce reported a negative net margin of 4.84% and a decline in revenue of 16.3% compared to the previous year, with a quarterly earnings miss of $0.03 EPS against estimates.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 12,639 shares of the firm's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $11.12, for a total value of $140,545.68. Following the completion of the sale, the chief executive officer directly owned 5,266,663 shares of the company's stock, valued at $58,565,292.56. This represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, July 29th, Eric Richard Remer sold 11,861 shares of EverCommerce stock. The stock was sold at an average price of $11.39, for a total value of $135,096.79.
• 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 transaction of $54,326.79.
• On Tuesday, July 22nd, Eric Richard Remer sold 19,747 shares of EverCommerce stock. The stock was 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 stock was 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 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 stock was sold at an average price of $9.51, for a total value of $42,367.05.

EverCommerce Price Performance

Shares of EVCM stock traded up $0.18 on Monday, hitting $10.16. 29,952 shares of the stock traded hands, compared to its average volume of 167,340. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -56.44 and a beta of 1.06. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.34. The firm has a 50 day simple moving average of $10.45 and a two-hundred day simple moving average of $10.25. 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 earnings results on Thursday, May 8th. The company reported $0.01 earnings per share 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 quarter in the prior year, the company posted ($0.09) EPS. EverCommerce's revenue was down 16.3% compared to the same quarter last year. As a group, equities research analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays increased their price objective 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 boosted their target price on EverCommerce from $13.00 to $14.00 and gave the stock a "buy" 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 given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $11.36.

Institutional Trading of EverCommerce

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in EverCommerce by 48.6% in the fourth quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company's stock worth $1,695,000 after buying an additional 49,745 shares during the last quarter. Raymond James Financial Inc. bought a new position in EverCommerce in the 4th quarter valued at $694,000. GAMMA Investing LLC grew its position in EverCommerce by 838.8% in the 1st quarter. GAMMA Investing LLC now owns 7,116 shares of the company's stock valued at $706,000 after acquiring an additional 6,358 shares during the last quarter. Woodline Partners LP grew its position in EverCommerce by 24.8% in the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company's stock valued at $5,891,000 after acquiring an additional 106,359 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of EverCommerce by 34.6% in the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock worth $4,716,000 after buying an additional 110,183 shares during the period. 97.91% of the stock is currently 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.