Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells $206,784.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 19,200 shares of the business’s stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $10.77, for a total transaction of $206,784.00. Following the sale, the chief executive officer owned 5,660,251 shares in the company, valued at $60,960,903.27. This trade represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $9.86, for a total transaction of $86,196.12.
• On Tuesday, July 7th, Eric Richard Remer sold 11,269 shares of EverCommerce stock. The shares were sold at an average price of $10.08, for a total transaction of $113,591.52.
• On Thursday, July 2nd, Eric Richard Remer sold 18,950 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $193,290.00.
• On Wednesday, July 1st, Eric Richard Remer sold 17,295 shares of EverCommerce stock. The shares were 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 stock was 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 shares were 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 shares were 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 stock was 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 stock was sold at an average price of $9.57, for a total value of $54,147.06.

EverCommerce Stock Up 2.5%

Shares of NASDAQ EVCM opened at $11.86 on Friday. The stock has a market cap of $2.10 billion, a P/E ratio of 69.77, a PEG ratio of 1.04 and a beta of 0.93. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The business’s fifty day simple moving average is $9.97 and its 200-day simple moving average is $10.95.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Canaccord Genuity Group raised their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Weiss Ratings downgraded shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC increased its holdings in shares of EverCommerce by 5.1% in the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after acquiring an additional 1,101 shares during the last quarter. Prudential Financial Inc. lifted its stake in EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares during the last quarter. American Century Companies Inc. boosted its holdings in EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after purchasing an additional 4,576 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in EverCommerce by 76.8% in the fourth 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after purchasing an additional 11,996 shares during the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

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.