Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 11,269 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 11,269 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $10.08, for a total value of $113,591.52. Following the completion of the sale, the chief executive officer directly owned 5,688,193 shares in the company, valued at $57,336,985.44. This represents a 0.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 8th, Eric Richard Remer sold 8,742 shares of EverCommerce stock. The shares were sold at an average price of $9.86, for a total value of $86,196.12.
• On Thursday, July 2nd, Eric Richard Remer sold 18,950 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total value of $193,290.00.
• On Wednesday, July 1st, Eric Richard Remer sold 17,295 shares of EverCommerce stock. The stock was sold at an average price of $10.68, for a total transaction of $184,710.60.
• On Tuesday, June 30th, Eric Richard Remer sold 14,800 shares of EverCommerce stock. The shares were sold at an average price of $9.89, for a total transaction of $146,372.00.
• On Tuesday, June 23rd, Eric Richard Remer sold 1,100 shares of EverCommerce stock. The stock was sold at an average price of $9.03, for a total transaction of $9,933.00.
• On Tuesday, June 16th, Eric Richard Remer sold 4,644 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total transaction of $42,028.20.
• On Wednesday, June 10th, Eric Richard Remer sold 7,517 shares of EverCommerce stock. The stock was sold at an average price of $9.15, for a total transaction of $68,780.55.
• On Tuesday, June 9th, Eric Richard Remer sold 11,683 shares of EverCommerce stock. The shares were sold at an average price of $9.08, for a total transaction of $106,081.64.
• On Wednesday, June 3rd, Eric Richard Remer sold 5,658 shares of EverCommerce stock. The shares were sold at an average price of $9.57, for a total transaction of $54,147.06.
• On Tuesday, June 2nd, Eric Richard Remer sold 13,542 shares of EverCommerce stock. The stock was sold at an average price of $10.53, for a total transaction of $142,597.26.

EverCommerce Stock Up 2.3%

Shares of EVCM stock traded up $0.23 on Thursday, reaching $10.20. 89,533 shares of the stock were exchanged, compared to its average volume of 141,444. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average price is $10.03 and its 200 day moving average price is $10.99. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 60.00, a PEG ratio of 0.90 and a beta of 0.93. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41.

EverCommerce (NASDAQ:EVCM) last posted its earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.10). EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The business had revenue of $147.47 million during the quarter, compared to analysts’ expectations of $147.18 million. During the same period last year, the company earned $0.01 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that EverCommerce Inc. will post 0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Prudential Financial Inc. lifted its stake in EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares during the last quarter. Oxford Asset Management LLP purchased a new position in shares of EverCommerce during the second quarter worth approximately $168,000. BNP Paribas Financial Markets increased its holdings in shares of EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after acquiring an additional 13,734 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of EverCommerce in the 4th quarter valued at $177,000. Finally, Wells Fargo & Company MN raised its position in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after purchasing an additional 7,085 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Wall Street Analyst Weigh In

EVCM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Weiss Ratings cut shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Finally, Royal Bank Of Canada decreased their price objective on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research note on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.25.

About EverCommerce

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.