Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 5,713 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,713 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.15, for a total value of $57,986.95. Following the completion of the transaction, the chief executive officer now directly owns 7,880,059 shares in the company, valued at approximately $79,982,598.85. This trade represents a 0.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, January 16th, Eric Richard Remer sold 6,024 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $61,444.80.
• On Tuesday, January 7th, Eric Richard Remer sold 5,453 shares of EverCommerce stock. The stock was sold at an average price of $10.56, for a total transaction of $57,583.68.
• On Thursday, December 19th, Eric Richard Remer sold 7,235 shares of EverCommerce stock. The shares were sold at an average price of $11.22, for a total transaction of $81,176.70.
• On Tuesday, December 17th, Eric Richard Remer sold 7,130 shares of EverCommerce stock. The shares were sold at an average price of $11.99, for a total value of $85,488.70.
• On Thursday, December 12th, Eric Richard Remer sold 4,464 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total transaction of $53,835.84.
• On Tuesday, December 10th, Eric Richard Remer sold 9,560 shares of EverCommerce stock. The shares were sold at an average price of $11.90, for a total transaction of $113,764.00.
• On Thursday, November 21st, Eric Richard Remer sold 10,513 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total value of $121,109.76.
• On Tuesday, November 19th, Eric Richard Remer sold 8,818 shares of EverCommerce stock. The shares were sold at an average price of $11.03, for a total value of $97,262.54.
• On Thursday, November 14th, Eric Richard Remer sold 13,200 shares of EverCommerce stock. The stock was sold at an average price of $11.04, for a total value of $145,728.00.
• On Tuesday, November 12th, Eric Richard Remer sold 8,867 shares of EverCommerce stock. The shares were sold at an average price of $12.01, for a total value of $106,492.67.

EverCommerce Stock Performance

EverCommerce stock traded down $0.13 during mid-day trading on Thursday, reaching $10.15. The company’s stock had a trading volume of 70,233 shares, compared to its average volume of 76,283. The firm’s fifty day moving average price is $11.43 and its two-hundred day moving average price is $10.96. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $12.35. The company has a market capitalization of $1.86 billion, a P/E ratio of -36.25 and a beta of 1.14.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company had revenue of $176.26 million during the quarter, compared to analysts’ expectations of $174.87 million. The company’s revenue was up .9% compared to the same quarter last year. Sell-side analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in EverCommerce by 161.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after acquiring an additional 63,139 shares during the period. Barclays PLC grew its position in shares of EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after purchasing an additional 22,360 shares in the last quarter. State Street Corp increased its holdings in shares of EverCommerce by 2.4% in the third quarter. State Street Corp now owns 514,965 shares of the company’s stock worth $5,335,000 after purchasing an additional 12,156 shares during the period. Janus Henderson Group PLC raised its position in shares of EverCommerce by 1.2% in the third quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock worth $3,296,000 after buying an additional 3,837 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in EverCommerce during the third quarter worth about $536,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays increased their target price on shares of EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. JMP Securities boosted their target price on EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th. Piper Sandler increased their price target on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Royal Bank of Canada upped their price objective on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Oppenheimer raised their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, EverCommerce currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.56.

About EverCommerce

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.