Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 16,339 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 16,339 shares of the business’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $9.81, for a total transaction of $160,285.59. Following the transaction, the chief executive officer now directly owns 7,585,163 shares in the company, valued at $74,410,449.03. This trade represents a 0.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, April 1st, Eric Richard Remer sold 11,137 shares of EverCommerce stock. The shares were sold at an average price of $10.11, for a total transaction of $112,595.07.
• On Thursday, March 27th, Eric Richard Remer sold 7,164 shares of EverCommerce stock. The shares were 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 shares were 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 shares were 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 stock was sold at an average price of $9.87, for a total value of $98,512.47.
• On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The shares were 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 stock was 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 shares were 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 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

NASDAQ EVCM traded down $0.64 on Thursday, hitting $9.77. 201,518 shares of the company were exchanged, compared to its average volume of 137,159. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.35. The firm has a 50 day moving average of $10.13 and a two-hundred day moving average of $10.69. 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 $1.79 billion, a P/E ratio of -34.89 and a beta of 1.12.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The company had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. EverCommerce’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.12) earnings per share. On average, equities analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of EverCommerce during the fourth quarter valued at $29,000. Tower Research Capital LLC TRC raised its holdings in EverCommerce by 145.8% during 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 during the last quarter. Deutsche Bank AG lifted its position in EverCommerce by 919.0% during 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 boosted its stake in shares of EverCommerce by 41.7% in 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 during the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of EverCommerce in the 4th quarter valued at about $119,000. 97.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Jefferies Financial Group cut their price target on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a research note on Friday, March 14th. Royal Bank of Canada cut their target price on EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Piper Sandler decreased their price target on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Oppenheimer dropped their price objective on EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Finally, Barclays reduced their target price on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.