Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 11,137 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 11,137 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $10.11, for a total value of $112,595.07. Following the transaction, the chief executive officer now owns 7,609,933 shares of the company’s stock, valued at $76,936,422.63. The trade was a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, April 3rd, Eric Richard Remer sold 16,339 shares of EverCommerce stock. The shares were sold at an average price of $9.81, for a total transaction of $160,285.59.
• On Thursday, March 27th, Eric Richard Remer sold 7,164 shares of EverCommerce stock. The stock was sold at an average price of $10.51, for a total transaction of $75,293.64.
• On Tuesday, March 25th, Eric Richard Remer sold 9,366 shares of EverCommerce stock. The shares were sold at an average price of $10.51, for a total transaction of $98,436.66.
• On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The shares were sold at an average price of $9.97, for a total value of $135,113.44.
• On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $98,512.47.
• On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total value of $91,558.85.
• On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The stock was sold at an average price of $9.06, for a total value of $85,200.24.
• On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The shares were sold at an average price of $9.51, for a total transaction of $82,622.88.
• On Tuesday, March 4th, Eric Richard Remer sold 10,406 shares of EverCommerce stock. The shares were sold at an average price of $9.65, for a total transaction of $100,417.90.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total transaction of $84,766.96.

EverCommerce Stock Performance

Shares of NASDAQ EVCM opened at $9.58 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year high of $12.35. The firm has a fifty day moving average price of $10.11 and a 200-day moving average price of $10.68. The stock has a market cap of $1.76 billion, a PE ratio of -34.21 and a beta of 1.12.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business had revenue of $175.00 million during the quarter, compared to analysts’ expectations of $170.48 million. During the same quarter in the previous year, the company posted ($0.12) EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EVCM has been the topic of a number of research reports. Oppenheimer dropped their price target on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Barclays cut their price target on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating for the company in a research note on Friday, March 14th. Piper Sandler lowered their price objective on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Royal Bank of Canada dropped their price objective 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. Finally, The Goldman Sachs Group reduced their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 14th. Two equities 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $11.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets bought a new stake in shares of EverCommerce during the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC grew its stake in EverCommerce by 145.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after acquiring an additional 2,040 shares in the last quarter. Deutsche Bank AG increased its holdings in EverCommerce by 919.0% in the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock valued at $45,000 after acquiring an additional 3,667 shares during the last quarter. Wells Fargo & Company MN lifted its stake in EverCommerce by 41.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after purchasing an additional 3,106 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of EverCommerce during the fourth quarter valued at about $119,000. 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.