Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 18,772 Shares of Stock

Key Points

• EverCommerce CEO Eric Richard Remer sold 18,772 shares at an average price of $11.71, totaling approximately $219,820, reducing his ownership by 0.60% to 3,089,152 shares valued at around $36.17 million.
• The company reported a 0.03 EPS for the most recent quarter, exceeding analysts' expectations, with revenue of $148.02 million compared to an estimate of $145.80 million.
• EverCommerce's stock has recently been rated as a "Moderate Buy" with an average target price of $11.50, with varying ratings from analysts including one strong buy and one sell.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 18,772 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $11.71, for a total transaction of $219,820.12. Following the completion of the sale, the chief executive officer directly owned 3,089,152 shares in the company, valued at approximately $36,173,969.92. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 value of $4,986.20.
• On Wednesday, September 17th, Eric Richard Remer sold 4,131 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $11.13, for a total transaction of $45,399.27.
• On Tuesday, September 2nd, Eric Richard Remer sold 20,421 shares of EverCommerce stock. The shares were sold at an average price of $11.23, for a total transaction of $229,327.83.
• On Wednesday, August 13th, Eric Richard Remer sold 2,361 shares of EverCommerce stock. The shares were sold at an average price of $10.70, for a total transaction of $25,262.70.
• On Tuesday, August 12th, Eric Richard Remer sold 22,139 shares of EverCommerce stock. The stock was sold at an average price of $10.54, for a total transaction of $233,345.06.
• On Wednesday, August 6th, Eric Richard Remer sold 12,068 shares of EverCommerce stock. The shares were sold at an average price of $10.16, for a total value of $122,610.88.
• On Tuesday, August 5th, Eric Richard Remer sold 12,432 shares of EverCommerce stock. The shares were sold at an average price of $10.09, for a total transaction of $125,438.88.
• On Wednesday, July 30th, Eric Richard Remer sold 12,639 shares of EverCommerce stock. The shares were sold at an average price of $11.12, for a total transaction of $140,545.68.

EverCommerce Trading Up 0.3%

Shares of EverCommerce stock traded up $0.03 during trading hours on Wednesday, hitting $11.67. The company's stock had a trading volume of 139,330 shares, compared to its average volume of 184,505. The business has a fifty day moving average of $11.24 and a 200 day moving average of $10.50. The company has a market capitalization of $2.12 billion, a PE ratio of -97.24, a P/E/G ratio of 10.33 and a beta of 1.06. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.34. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.70.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.04. The firm had revenue of $148.02 million for the quarter, compared to analyst estimates of $145.80 million. EverCommerce had a negative net margin of 3.27% and a negative return on equity of 1.96%. The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) EPS. As a group, equities analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Trading of EverCommerce

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets purchased a new position in EverCommerce during the 4th quarter worth $29,000. Deutsche Bank AG raised its stake in shares of EverCommerce by 919.0% during the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock worth $45,000 after purchasing an additional 3,667 shares during the period. EntryPoint Capital LLC purchased a new stake in EverCommerce in the 1st quarter worth about $102,000. D. E. Shaw & Co. Inc. purchased a new stake in EverCommerce in the 4th quarter worth about $119,000. Finally, Mackenzie Financial Corp purchased a new stake in EverCommerce in the 4th quarter worth about $127,000. Institutional investors and hedge funds own 97.91% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EVCM. Zacks Research upgraded shares of EverCommerce from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Piper Sandler upped their target price on shares of EverCommerce from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Finally, Oppenheimer restated an "outperform" rating and issued a $13.00 price objective (up previously from $12.00) on shares of EverCommerce in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $11.50.

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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