Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 4,200 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,200 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $10.37, for a total value of $43,554.00. Following the sale, the chief executive officer now directly owns 8,068,540 shares in the company, valued at approximately $83,670,759.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total value of $51,143.72.
• On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The stock was sold at an average price of $10.11, for a total value of $60,538.68.
• On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The stock was sold at an average price of $10.09, for a total value of $54,849.24.
• On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The shares were sold at an average price of $10.47, for a total value of $64,474.26.
• On Tuesday, September 24th, Eric Richard Remer sold 6,807 shares of EverCommerce stock. The shares were sold at an average price of $10.63, for a total value of $72,358.41.
• On Thursday, September 19th, Eric Richard Remer sold 7,099 shares of EverCommerce stock. The shares were sold at an average price of $10.69, for a total value of $75,888.31.
• On Tuesday, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The shares were sold at an average price of $10.69, for a total value of $110,224.59.

EverCommerce Trading Up 1.1 %

Shares of EVCM traded up $0.11 during mid-day trading on Thursday, reaching $10.48. 47,700 shares of the company were exchanged, compared to its average volume of 142,749. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $1.94 billion, a PE ratio of -49.90 and a beta of 1.08. The business has a 50 day simple moving average of $10.39 and a two-hundred day simple moving average of $10.29.

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

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in EverCommerce during the third quarter worth approximately $107,000. The Manufacturers Life Insurance Company grew its stake in 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 purchasing an additional 1,089 shares during the period. Edgestream Partners L.P. acquired a new stake in EverCommerce during the first quarter worth approximately $123,000. Renaissance Technologies LLC grew its stake in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after purchasing an additional 2,700 shares during the period. Finally, RIA Advisory Group LLC acquired a new stake in EverCommerce during the first quarter worth approximately $242,000. 97.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EVCM. Evercore ISI raised their price objective on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.45.

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.