Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 20,045 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 20,045 shares of EverCommerce stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $9.56, for a total transaction of $191,630.20. Following the sale, the chief executive officer now directly owns 5,393,618 shares of the company's stock, valued at $51,562,988.08. The trade was a 0.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 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 value 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 stock was sold at an average price of $9.96, for a total value 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 value 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.
• On Tuesday, April 29th, Eric Richard Remer sold 17,839 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total transaction of $179,281.95.
• On Thursday, April 24th, Eric Richard Remer sold 2,412 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total transaction of $24,602.40.
• On Tuesday, April 22nd, Eric Richard Remer sold 10,807 shares of EverCommerce stock. The stock was sold at an average price of $9.86, for a total transaction of $106,557.02.
• On Thursday, April 17th, Eric Richard Remer sold 7,134 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total transaction of $71,482.68.

EverCommerce Trading Up 0.2%

NASDAQ:EVCM traded up $0.02 during mid-day trading on Wednesday, hitting $9.70. 267,336 shares of the company's stock were exchanged, compared to its average volume of 137,296. The company has a 50 day simple moving average of $10.12 and a 200-day simple moving average of $10.38. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.70. 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 capitalization of $1.77 billion, a P/E ratio of -53.89 and a beta of 1.05.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $142.27 million during the quarter, compared to analyst estimates of $146.28 million. EverCommerce had a negative net margin of 4.84% and a negative return on equity of 3.13%. The business's revenue for the quarter was down 16.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.09) earnings per share. As a group, research analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on EVCM shares. Barclays lifted their price target on EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Piper Sandler lowered their target price on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Oppenheimer reduced their price target on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. 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 report on Monday, May 12th. Finally, Royal Bank Of Canada decreased their price target on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, EverCommerce has an average rating of "Hold" and a consensus target price of $11.36.

Institutional Investors Weigh In On EverCommerce

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in EverCommerce in the fourth quarter valued at $29,000. Tower Research Capital LLC TRC lifted its holdings in EverCommerce by 145.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock valued at $38,000 after buying an additional 2,040 shares during the period. Deutsche Bank AG lifted its holdings in EverCommerce by 919.0% in the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock valued at $45,000 after buying an additional 3,667 shares during the period. EntryPoint Capital LLC acquired a new position in EverCommerce in the first quarter valued at $102,000. Finally, Wells Fargo & Company MN lifted its holdings in EverCommerce by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after buying an additional 3,106 shares during the period. Institutional investors and hedge funds own 97.91% of the company's stock.

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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