Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $106,492.67 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,867 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $12.01, for a total transaction of $106,492.67. Following the transaction, the chief executive officer now directly owns 7,996,939 shares in the company, valued at approximately $96,043,237.39. The trade was a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, November 14th, Eric Richard Remer sold 13,200 shares of EverCommerce stock. The shares were sold at an average price of $11.04, for a total value of $145,728.00.
• On Thursday, November 7th, Eric Richard Remer sold 18,142 shares of EverCommerce stock. The stock was sold at an average price of $11.73, for a total transaction of $212,805.66.
• On Tuesday, November 5th, Eric Richard Remer sold 10,870 shares of EverCommerce stock. The stock was sold at an average price of $10.97, for a total transaction of $119,243.90.
• On Thursday, October 31st, Eric Richard Remer sold 5,065 shares of EverCommerce stock. The stock was sold at an average price of $10.57, for a total value of $53,537.05.
• On Tuesday, October 29th, Eric Richard Remer sold 4,400 shares of EverCommerce stock. The shares were sold at an average price of $10.67, for a total value of $46,948.00.
• On Wednesday, October 23rd, Eric Richard Remer sold 4,200 shares of EverCommerce stock. The shares were sold at an average price of $10.37, for a total transaction of $43,554.00.
• 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 transaction 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 transaction of $64,474.26.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $11.12 on Friday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -39.71 and a beta of 1.07. The business has a 50 day moving average price of $10.64 and a 200 day moving average price of $10.54. The company has a quick ratio of 1.68, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month high of $12.35.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company had revenue of $176.26 million for the quarter, compared to the consensus estimate of $174.87 million. The business’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts predict that EverCommerce Inc. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EVCM. Evercore ISI lifted their target price on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on shares of EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Piper Sandler raised their target price on shares of EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, JMP Securities upped their price target on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce presently has a consensus rating of “Moderate Buy” and an average price target of $12.56.

Institutional Investors Weigh In On EverCommerce

Several large investors have recently modified their holdings of the stock. Millennium Management LLC grew its stake in EverCommerce by 673.4% during the second quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock worth $3,550,000 after buying an additional 281,551 shares during the last quarter. Dimensional Fund Advisors LP increased its position in EverCommerce by 39.2% in the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock worth $3,740,000 after purchasing an additional 95,934 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of EverCommerce during the 3rd quarter worth approximately $570,000. Edgestream Partners L.P. bought a new stake in shares of EverCommerce during the 3rd quarter valued at $536,000. Finally, AQR Capital Management LLC lifted its stake in EverCommerce by 394.8% in the second quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock valued at $611,000 after buying an additional 44,378 shares during the period. 97.91% of the stock is currently owned by institutional investors.

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.