Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 10,117 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 10,117 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $9.05, for a total value of $91,558.85. Following the transaction, the chief executive officer now directly owns 7,686,872 shares of the company's stock, valued at approximately $69,566,191.60. The trade was a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The stock was sold at an average price of $9.06, for a total transaction 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 shares were sold at an average price of $9.65, for a total value of $100,417.90.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total value of $84,766.96.
• On Tuesday, February 18th, Eric Richard Remer sold 7,026 shares of EverCommerce stock. The stock was sold at an average price of $10.94, for a total value of $76,864.44.
• On Thursday, February 13th, Eric Richard Remer sold 8,720 shares of EverCommerce stock. The stock was sold at an average price of $10.80, for a total value of $94,176.00.
• On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The stock was sold at an average price of $10.81, for a total transaction of $149,783.36.
• On Thursday, February 6th, Eric Richard Remer sold 11,200 shares of EverCommerce stock. The shares were sold at an average price of $10.12, for a total transaction of $113,344.00.
• On Tuesday, February 4th, Eric Richard Remer sold 7,507 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total transaction of $75,445.35.
• On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The shares were sold at an average price of $10.26, for a total value of $112,264.92.

EverCommerce Stock Up 0.1 %

Shares of EVCM traded up $0.01 during mid-day trading on Tuesday, hitting $9.98. 134,176 shares of the company's stock were exchanged, compared to its average volume of 135,213. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of -35.64 and a beta of 1.12. The firm has a fifty day moving average of $10.15 and a two-hundred day moving average of $10.71. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.35.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC raised its position in shares of EverCommerce by 305.6% in the third quarter. Barclays PLC now owns 29,677 shares of the company's stock valued at $307,000 after purchasing an additional 22,360 shares during the period. JPMorgan Chase & Co. grew its stake in EverCommerce by 161.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company's stock valued at $1,059,000 after buying an additional 63,139 shares during the last quarter. Edgestream Partners L.P. bought a new position in EverCommerce in the 3rd quarter worth $536,000. Janus Henderson Group PLC lifted its position in EverCommerce by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company's stock worth $3,296,000 after acquiring an additional 3,837 shares during the last quarter. Finally, State Street Corp grew its holdings in EverCommerce by 2.4% in the 3rd quarter. State Street Corp now owns 514,965 shares of the company's stock valued at $5,335,000 after buying an additional 12,156 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.