Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 11,137 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 11,137 shares of EverCommerce stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $10.11, for a total value of $112,595.07. Following the transaction, the chief executive officer now owns 7,609,933 shares in the company, valued at $76,936,422.63. This trade represents a 0.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, April 3rd, Eric Richard Remer sold 16,339 shares of EverCommerce stock. The stock was sold at an average price of $9.81, for a total transaction of $160,285.59.
• On Thursday, March 27th, Eric Richard Remer sold 7,164 shares of EverCommerce stock. The stock was sold at an average price of $10.51, for a total transaction of $75,293.64.
• On Tuesday, March 25th, Eric Richard Remer sold 9,366 shares of EverCommerce stock. The stock was sold at an average price of $10.51, for a total transaction of $98,436.66.
• On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The stock was sold at an average price of $9.97, for a total value of $135,113.44.
• On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total transaction of $98,512.47.
• On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total value of $91,558.85.
• On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The shares were sold at an average price of $9.06, for a total value of $85,200.24.
• On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The stock was sold at an average price of $9.51, for a total transaction of $82,622.88.
• On Tuesday, March 4th, Eric Richard Remer sold 10,406 shares of EverCommerce stock. The stock was sold at an average price of $9.65, for a total transaction of $100,417.90.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total transaction of $84,766.96.

EverCommerce Price Performance

Shares of EverCommerce stock traded down $0.10 during midday trading on Tuesday, hitting $9.41. 57,633 shares of the company traded hands, compared to its average volume of 136,850. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -33.45 and a beta of 1.06. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The firm's fifty day moving average price is $10.10 and its 200-day moving average price is $10.67. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. During the same period in the previous year, the business posted ($0.12) earnings per share. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On EverCommerce

A number of large investors have recently bought and sold shares of EVCM. BNP Paribas Financial Markets bought a new position in EverCommerce in the fourth quarter worth approximately $29,000. Tower Research Capital LLC TRC lifted its holdings in shares of EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock worth $38,000 after purchasing an additional 2,040 shares in the last quarter. Deutsche Bank AG grew its position in EverCommerce by 919.0% in the 4th 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. Wells Fargo & Company MN increased its stake in EverCommerce by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after purchasing an additional 3,106 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in EverCommerce during the fourth quarter worth $119,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on EVCM. Royal Bank of Canada reduced their price target on EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Barclays lowered their price target on shares of EverCommerce from $12.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. Jefferies Financial Group cut their price objective on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a report on Friday, March 14th. The Goldman Sachs Group lowered their target price on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a report on Friday, March 14th. Finally, Piper Sandler cut their price target on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $11.09.

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.