EverCommerce (NASDAQ:EVCM) Sets New 52-Week Low on Insider Selling

EverCommerce Inc. (NASDAQ:EVCM) shares hit a new 52-week low during mid-day trading on Friday following insider selling activity. The company traded as low as $7.66 and last traded at $9.0070, with a volume of 81404 shares trading hands. The stock had previously closed at $11.59.

Specifically, CEO Eric Richard Remer sold 5,666 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $11.37, for a total value of $64,422.42. Following the completion of the sale, the chief executive officer owned 2,973,524 shares in the company, valued at $33,808,967.88. This represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric Richard Remer sold 13,534 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $11.27, for a total transaction of $152,528.18. Following the completion of the sale, the chief executive officer directly owned 2,979,190 shares in the company, valued at approximately $33,575,471.30. This trade represents a 0.45% decrease in their position. The disclosure for this sale is available in the SEC filing. In related news, President Matthew David Feierstein sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $11.38, for a total value of $284,500.00. Following the completion of the sale, the president owned 2,148,295 shares in the company, valued at $24,447,597.10. The trade was a 1.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EVCM shares. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Piper Sandler boosted their target price on shares of EverCommerce from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Lake Street Capital set a $11.00 price target on EverCommerce in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a research report on Wednesday, October 8th. Finally, Oppenheimer reissued an “outperform” rating and issued a $13.00 price objective (up previously from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.44.

EverCommerce Stock Down 22.2%

The company has a market capitalization of $1.64 billion, a P/E ratio of -75.16, a P/E/G ratio of 6.66 and a beta of 1.05. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average price is $11.44 and its 200 day moving average price is $10.82.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03. EverCommerce had a negative return on equity of 1.96% and a negative net margin of 3.27%.The business had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.95 million. During the same period last year, the company earned ($0.05) EPS. The firm’s revenue was down 16.3% on a year-over-year basis. EverCommerce has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of EverCommerce

Institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp lifted its stake in EverCommerce by 129.1% during the first quarter. Mackenzie Financial Corp now owns 26,372 shares of the company’s stock worth $266,000 after purchasing an additional 14,861 shares during the last quarter. Deutsche Bank AG grew its stake in shares of EverCommerce by 141.9% during the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock worth $99,000 after buying an additional 5,770 shares during the last quarter. Nuveen LLC acquired a new position in shares of EverCommerce during the first quarter worth $493,000. EntryPoint Capital LLC acquired a new stake in shares of EverCommerce during the 1st quarter valued at $102,000. Finally, Martingale Asset Management L P bought a new stake in EverCommerce during the 1st quarter worth $202,000. 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.