Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 14,664 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 14,664 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $11.13, for a total transaction of $163,210.32. Following the completion of the transaction, the chief executive officer directly owned 3,074,060 shares in the company, valued at $34,214,287.80. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, October 1st, Eric Richard Remer sold 4,536 shares of EverCommerce stock. The stock was sold at an average price of $11.02, for a total value of $49,986.72.
• On Wednesday, September 24th, Eric Richard Remer sold 428 shares of EverCommerce stock. The stock was sold at an average price of $11.65, for a total value of $4,986.20.
• On Tuesday, September 23rd, Eric Richard Remer sold 18,772 shares of EverCommerce stock. The shares were sold at an average price of $11.71, for a total value of $219,820.12.
• 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 stock was 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 stock was 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 stock was sold at an average price of $10.16, for a total value of $122,610.88.

EverCommerce Price Performance

EVCM stock opened at $10.90 on Friday. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year high of $12.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.37 and a quick ratio of 2.37. The firm has a market capitalization of $1.98 billion, a PE ratio of -90.83, a price-to-earnings-growth ratio of 9.38 and a beta of 1.05. The business has a 50 day simple moving average of $11.24 and a 200-day simple moving average of $10.59.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $148.02 million for the quarter, compared to analyst estimates of $145.80 million. EverCommerce had a negative return on equity of 1.96% and a negative net margin of 3.27%.The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) earnings per share. Equities research 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 subject of a number of analyst reports. Oppenheimer reissued an “outperform” rating and issued a $13.00 price objective (up previously from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. Piper Sandler raised their price target on shares of EverCommerce from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Finally, Zacks Research raised shares of EverCommerce from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors have recently made changes to their positions in EVCM. BNP Paribas Financial Markets purchased a new stake in shares of EverCommerce in the 4th quarter valued at approximately $29,000. Deutsche Bank AG raised its position in EverCommerce by 919.0% in the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock valued at $45,000 after purchasing an additional 3,667 shares during the period. EntryPoint Capital LLC purchased a new stake in EverCommerce in the first quarter valued at approximately $102,000. Mackenzie Financial Corp acquired a new position in EverCommerce during the fourth quarter worth $127,000. Finally, Prudential Financial Inc. grew its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.