Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 10,406 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 10,406 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $9.65, for a total transaction of $100,417.90. Following the completion of the transaction, the chief executive officer now owns 7,734,396 shares in the company, valued at approximately $74,636,921.40. This trade represents a 0.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 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 transaction 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 transaction 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 transaction 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 stock was 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 stock was sold at an average price of $10.26, for a total transaction of $112,264.92.
• On Tuesday, January 28th, Eric Richard Remer sold 8,761 shares of EverCommerce stock. The stock was sold at an average price of $10.56, for a total transaction of $92,516.16.
• On Thursday, January 23rd, Eric Richard Remer sold 8,552 shares of EverCommerce stock. The stock was sold at an average price of $10.21, for a total transaction of $87,315.92.

EverCommerce Price Performance

EVCM stock traded up $0.02 during midday trading on Friday, reaching $9.46. The stock had a trading volume of 93,646 shares, compared to its average volume of 135,772. The company's fifty day simple moving average is $10.39 and its 200 day simple moving average is $10.76. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -33.78 and a beta of 1.12. EverCommerce Inc. has a 52-week low of $6.22 and a 52-week high of $12.35.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Woodline Partners LP lifted its holdings in EverCommerce by 24.8% in the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company's stock valued at $5,891,000 after purchasing an additional 106,359 shares in the last quarter. State Street Corp increased its stake in shares of EverCommerce by 2.4% in the 3rd quarter. State Street Corp now owns 514,965 shares of the company's stock worth $5,335,000 after acquiring an additional 12,156 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of EverCommerce by 34.6% in the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock worth $4,716,000 after acquiring an additional 110,183 shares during the last quarter. Northern Trust Corp increased its stake in shares of EverCommerce by 4.2% in the 4th quarter. Northern Trust Corp now owns 199,283 shares of the company's stock worth $2,194,000 after acquiring an additional 7,954 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of EverCommerce by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock worth $1,856,000 after acquiring an additional 1,092 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on EVCM. Oppenheimer raised their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Piper Sandler increased their target price on EverCommerce from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Barclays increased their target price on EverCommerce from $9.00 to $12.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Royal Bank of Canada increased their target price on EverCommerce from $12.00 to $14.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Finally, JMP Securities increased their target price on EverCommerce from $12.00 to $15.00 and gave the company a "market outperform" rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.56.

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.