Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 13,200 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 13,200 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $11.04, for a total transaction of $145,728.00. Following the completion of the sale, the chief executive officer now owns 7,970,481 shares in the company, valued at $87,994,110.24. This represents a 0.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction of $106,492.67.
• On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The shares were sold at an average price of $11.73, for a total transaction 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.
• On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The shares were sold at an average price of $10.57, for a total transaction of $53,537.05.
• On Tuesday, October 29th, Eric Richard Remer sold 4,400 shares of EverCommerce stock. The shares were sold at an average price of $10.67, for a total transaction of $46,948.00.
• On Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The stock was sold at an average price of $10.37, for a total transaction of $43,554.00.
• On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total transaction of $51,143.72.
• On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The shares were sold at an average price of $10.11, for a total transaction of $60,538.68.
• On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The stock was sold at an average price of $10.09, for a total transaction of $54,849.24.
• On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The shares were sold at an average price of $10.47, for a total transaction of $64,474.26.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM traded down $0.07 during trading on Thursday, hitting $11.07. 156,837 shares of the stock traded hands, compared to its average volume of 141,203. The company has a fifty day moving average price of $10.62 and a two-hundred day moving average price of $10.52. EverCommerce Inc. has a 52-week low of $6.22 and a 52-week high of $12.35. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -39.53 and a beta of 1.07. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.67.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative return on equity of 6.49% and a negative net margin of 7.53%. The business had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. The firm’s revenue was up .9% on a year-over-year basis. As a group, equities analysts predict that EverCommerce Inc. will post -0.09 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on EVCM. Deutsche Bank Aktiengesellschaft lifted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on shares of EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, August 7th. Royal Bank of Canada increased their target price on shares of EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday. JMP Securities upped their price target on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday. Finally, Oppenheimer increased their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of the stock. RIA Advisory Group LLC purchased a new stake in EverCommerce in the 3rd quarter valued at about $241,000. DekaBank Deutsche Girozentrale purchased a new stake in EverCommerce in the 3rd quarter valued at about $570,000. SG Americas Securities LLC purchased a new stake in EverCommerce in the 3rd quarter valued at about $107,000. The Manufacturers Life Insurance Company raised its holdings in EverCommerce by 10.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after buying an additional 1,089 shares during the period. Finally, Millennium Management LLC raised its holdings in EverCommerce by 673.4% in the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after buying an additional 281,551 shares during the period. 97.91% of the stock is currently owned by hedge funds and other 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.