Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 11,735 Shares of Stock

Key Points

• EverCommerce CEO Eric Richard Remer sold a total of 11,735 shares of the company's stock on October 21st at an average price of $11.44, resulting in a transaction of $134,248.40.
• Despite the recent sales, Remer still holds 3,019,389 shares valued at approximately $34.5 million, representing a 0.39% decrease in his ownership position.
• EverCommerce's shares are trading at $11.55, with an average price target set around $11.44 by analysts, reflecting a consensus rating of "Hold."

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 11,735 shares of the company's stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $11.44, for a total transaction of $134,248.40. Following the transaction, the chief executive officer directly owned 3,019,389 shares of the company's stock, valued at $34,541,810.16. This trade represents a 0.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, October 22nd, Eric Richard Remer sold 7,465 shares of EverCommerce stock. The stock was sold at an average price of $11.42, for a total transaction of $85,250.30.
• On Tuesday, October 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.86, for a total transaction of $208,512.00.
• On Tuesday, October 7th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $11.05, for a total transaction of $212,160.00.
• On Wednesday, October 1st, Eric Richard Remer sold 4,536 shares of EverCommerce stock. The shares were sold at an average price of $11.02, for a total transaction of $49,986.72.
• On Tuesday, September 30th, Eric Richard Remer sold 14,664 shares of EverCommerce stock. The shares were sold at an average price of $11.13, for a total transaction of $163,210.32.
• On Wednesday, September 24th, Eric Richard Remer sold 428 shares of EverCommerce stock. The shares were sold at an average price of $11.65, for a total transaction of $4,986.20.
• On Tuesday, September 23rd, Eric Richard Remer sold 18,772 shares of EverCommerce stock. The shares were sold at an average price of $11.71, for a total transaction of $219,820.12.
• On Wednesday, September 17th, Eric Richard Remer sold 4,131 shares of EverCommerce stock. The shares were sold at an average price of $11.86, for a total transaction of $48,993.66.
• On Tuesday, September 16th, Eric Richard Remer sold 15,069 shares of EverCommerce stock. The stock was sold at an average price of $11.85, for a total transaction of $178,567.65.
• On Wednesday, September 3rd, Eric Richard Remer sold 4,079 shares of EverCommerce stock. The stock was sold at an average price of $11.13, for a total transaction of $45,399.27.

EverCommerce Stock Performance

Shares of EVCM stock traded up $0.11 during trading hours on Thursday, reaching $11.55. The stock had a trading volume of 123,437 shares, compared to its average volume of 175,840. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.37 and a quick ratio of 2.37. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.34. The firm has a 50-day simple moving average of $11.35 and a 200-day simple moving average of $10.70. The firm has a market capitalization of $2.09 billion, a PE ratio of -96.24, a price-to-earnings-growth ratio of 6.60 and a beta of 1.05.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. EverCommerce had a negative net margin of 3.27% and a negative return on equity of 1.96%. The firm had revenue of $148.02 million for the quarter, compared to analysts' expectations of $145.80 million. During the same quarter last year, the company earned ($0.02) EPS. EverCommerce's quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on EVCM. Piper Sandler increased their price target on shares of EverCommerce from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Oppenheimer reissued an "outperform" rating and issued a $13.00 price target (up from $12.00) on shares of EverCommerce in a research report on Thursday, August 7th. Lake Street Capital set a $11.00 price objective on shares of EverCommerce in a research report on Tuesday, October 14th. Zacks Research lowered shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of EverCommerce in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, EverCommerce currently has a consensus rating of "Hold" and an average price target of $11.44.

Institutional Investors Weigh In On EverCommerce

Institutional investors have recently bought and sold shares of the business. Prudential Financial Inc. raised its holdings in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock valued at $142,000 after buying an additional 1,190 shares during the last quarter. American Century Companies Inc. raised its holdings in EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company's stock worth $290,000 after purchasing an additional 4,576 shares during the last quarter. Deutsche Bank AG raised its holdings in EverCommerce by 141.9% during the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company's stock worth $99,000 after purchasing an additional 5,770 shares during the last quarter. EntryPoint Capital LLC bought a new stake in EverCommerce during the 1st quarter worth about $102,000. Finally, JPMorgan Chase & Co. raised its holdings in EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock worth $1,107,000 after purchasing an additional 11,996 shares during the last quarter. 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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