Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 5,974 Shares of Stock

Key Points

• EverCommerce CEO Eric Richard Remer sold 5,974 shares on May 27 at an average price of $10.53, totaling about $62,906. The sale reduced his ownership by 0.21% and was made under a pre-arranged Rule 10b5-1 trading plan.
• Remer has been actively selling shares in multiple recent transactions, including several additional sales in late May and throughout May and April. The series of sales suggests a sustained insider selling pattern rather than a one-off trade.
• EverCommerce recently missed earnings expectations, reporting $0.04 EPS versus the $0.14 consensus, though revenue came in roughly in line at $147.47 million and rose 3.7% year over year. Analysts currently have a Hold consensus on the stock with a target price of $11.25.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 5,974 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $10.53, for a total transaction of $62,906.22. Following the transaction, the chief executive officer owned 2,827,126 shares in the company, valued at $29,769,636.78. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, May 28th, Eric Richard Remer sold 4,500 shares of EverCommerce stock. The shares were sold at an average price of $10.75, for a total transaction of $48,375.00.
• On Tuesday, May 26th, Eric Richard Remer sold 8,726 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total transaction of $92,321.08.
• On Thursday, May 21st, Eric Richard Remer sold 3,210 shares of EverCommerce stock. The shares were sold at an average price of $10.23, for a total transaction of $32,838.30.
• On Wednesday, May 20th, Eric Richard Remer sold 8,536 shares of EverCommerce stock. The shares were sold at an average price of $10.27, for a total transaction of $87,664.72.
• On Tuesday, May 19th, Eric Richard Remer sold 7,454 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $76,030.80.
• On Tuesday, May 12th, Eric Richard Remer sold 10,055 shares of EverCommerce stock. The stock was sold at an average price of $10.25, for a total transaction of $103,063.75.
• On Wednesday, May 13th, Eric Richard Remer sold 9,145 shares of EverCommerce stock. The stock was sold at an average price of $9.66, for a total transaction of $88,340.70.
• On Wednesday, May 6th, Eric Richard Remer sold 7,208 shares of EverCommerce stock. The stock was sold at an average price of $10.72, for a total transaction of $77,269.76.
• On Tuesday, May 5th, Eric Richard Remer sold 11,992 shares of EverCommerce stock. The stock was sold at an average price of $11.17, for a total transaction of $133,950.64.
• On Thursday, April 30th, Eric Richard Remer sold 5,867 shares of EverCommerce stock. The stock was sold at an average price of $11.49, for a total transaction of $67,411.83.

EverCommerce Stock Performance

EVCM traded up $0.51 on Thursday, hitting $11.09. 122,940 shares of the company's stock were exchanged, compared to its average volume of 134,706. The firm has a market cap of $1.96 billion, a PE ratio of 65.24, a P/E/G ratio of 2.24 and a beta of 0.94. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The stock has a fifty day moving average of $11.16 and a two-hundred day moving average of $10.99. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.10). The business had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.EverCommerce's revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 EPS. On average, research analysts anticipate that EverCommerce Inc. will post 0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EVCM shares. Wall Street Zen raised shares of EverCommerce from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Weiss Ratings cut shares of EverCommerce from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday. Oppenheimer reaffirmed an "outperform" rating on shares of EverCommerce in a report on Friday, March 13th. Finally, The Goldman Sachs Group dropped their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a report on Friday, March 13th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, EverCommerce presently has a consensus rating of "Hold" and a consensus target price of $11.25.

Hedge Funds Weigh In On EverCommerce

Several large investors have recently bought and sold shares of EVCM. Tudor Investment Corp ET AL increased its stake in EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company's stock valued at $1,397,000 after buying an additional 83,794 shares during the period. Goldman Sachs Group Inc. increased its stake in EverCommerce by 94.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company's stock valued at $1,266,000 after buying an additional 50,854 shares during the period. Lazard Asset Management LLC grew its stake in shares of EverCommerce by 5,995.2% in the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company's stock worth $523,000 after purchasing an additional 49,041 shares during the last quarter. Zacks Investment Management bought a new stake in EverCommerce during the third quarter worth approximately $418,000. Finally, Los Angeles Capital Management LLC boosted its holdings in EverCommerce by 111.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company's stock worth $749,000 after buying an additional 34,979 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.

About EverCommerce

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.

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