Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 4,400 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,400 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $10.67, for a total transaction of $46,948.00. Following the transaction, the chief executive officer now directly owns 8,060,240 shares of the company’s stock, valued at $86,002,760.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $10.47, for a total transaction of $64,474.26.
• On Tuesday, September 24th, Eric Richard Remer sold 6,807 shares of EverCommerce stock. The stock was sold at an average price of $10.63, for a total transaction of $72,358.41.
• On Thursday, September 19th, Eric Richard Remer sold 7,099 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total transaction of $75,888.31.
• On Tuesday, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The stock was sold at an average price of $10.69, for a total transaction of $110,224.59.

EverCommerce Stock Down 1.6 %

EVCM stock traded down $0.17 during trading on Thursday, hitting $10.52. 74,850 shares of the company’s stock traded hands, compared to its average volume of 140,864. The firm has a market capitalization of $1.94 billion, a P/E ratio of -45.74 and a beta of 1.08. The business has a fifty day simple moving average of $10.43 and a two-hundred day simple moving average of $10.35. 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 Inc. has a 1 year low of $6.22 and a 1 year high of $12.35.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Tuesday, August 6th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $177.39 million during the quarter, compared to analyst estimates of $171.88 million. EverCommerce had a negative net margin of 6.31% and a negative return on equity of 5.33%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts anticipate that EverCommerce Inc. will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

EVCM has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 7th. Evercore ISI raised their target price on shares of EverCommerce from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, EverCommerce has an average rating of “Moderate Buy” and an average price target of $11.45.

Institutional Investors Weigh In On EverCommerce

Several institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its stake in shares of EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after buying an additional 1,089 shares during the period. Renaissance Technologies LLC lifted its position in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after purchasing an additional 2,700 shares during the period. Bank of New York Mellon Corp lifted its position in EverCommerce by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 164,419 shares of the company’s stock valued at $1,805,000 after purchasing an additional 9,595 shares during the period. SG Americas Securities LLC acquired a new position in EverCommerce during the third quarter valued at $107,000. Finally, Edgestream Partners L.P. acquired a new position in EverCommerce during the first quarter valued at $123,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.