Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 5,453 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,453 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $10.56, for a total value of $57,583.68. Following the sale, the chief executive officer now directly owns 7,892,772 shares in the company, valued at $83,347,672.32. This trade represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, December 19th, Eric Richard Remer sold 7,235 shares of EverCommerce stock. The stock was sold at an average price of $11.22, for a total value 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 stock was 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 shares were sold at an average price of $11.52, for a total transaction of $121,109.76.
• On Tuesday, November 19th, Eric Richard Remer sold 8,818 shares of EverCommerce stock. The stock was 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.
• On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The stock was sold at an average price of $11.73, for a total value of $212,805.66.
• On Tuesday, November 5th, Eric Richard Remer sold 10,870 shares of EverCommerce stock. The stock was sold at an average price of $10.97, for a total transaction of $119,243.90.

EverCommerce Stock Performance

NASDAQ EVCM opened at $10.13 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 $6.22 and a 1-year high of $12.35. The company has a market cap of $1.86 billion, a PE ratio of -36.18 and a beta of 1.14. The stock’s 50 day simple moving average is $11.49 and its 200-day simple moving average is $10.98.

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

Institutional Trading of EverCommerce

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

Analyst Upgrades and Downgrades

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

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.