Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 10,055 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,055 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $10.25, for a total value of $103,063.75. Following the sale, the chief executive officer owned 2,885,668 shares in the company, valued at approximately $29,578,097. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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, May 13th, Eric Richard Remer sold 9,145 shares of EverCommerce stock. The shares were sold at an average price of $9.66, for a total value of $88,340.70.
• On Wednesday, May 6th, Eric Richard Remer sold 7,208 shares of EverCommerce stock. The shares were sold at an average price of $10.72, for a total value of $77,269.76.
• On Tuesday, May 5th, Eric Richard Remer sold 11,992 shares of EverCommerce stock. The shares were sold at an average price of $11.17, for a total value of $133,950.64.
• On Thursday, April 30th, Eric Richard Remer sold 5,867 shares of EverCommerce stock. The shares were sold at an average price of $11.49, for a total value of $67,411.83.
• On Wednesday, April 29th, Eric Richard Remer sold 7,766 shares of EverCommerce stock. The stock was sold at an average price of $11.51, for a total value of $89,386.66.
• On Tuesday, April 28th, Eric Richard Remer sold 5,567 shares of EverCommerce stock. The stock was sold at an average price of $11.84, for a total value of $65,913.28.
• On Thursday, April 23rd, Eric Richard Remer sold 5,503 shares of EverCommerce stock. The stock was sold at an average price of $11.55, for a total value of $63,559.65.
• On Wednesday, April 22nd, Eric Richard Remer sold 5,443 shares of EverCommerce stock. The stock was sold at an average price of $11.99, for a total value of $65,261.57.
• On Tuesday, April 21st, Eric Richard Remer sold 8,254 shares of EverCommerce stock. The stock was sold at an average price of $12.11, for a total value of $99,955.94.
• On Thursday, April 16th, Eric Richard Remer sold 1,596 shares of EverCommerce stock. The stock was sold at an average price of $11.98, for a total value of $19,120.08.

EverCommerce Price Performance

EverCommerce stock traded down $0.41 during mid-day trading on Wednesday, hitting $9.70. 128,329 shares of the company were exchanged, compared to its average volume of 101,189. The company has a quick ratio of 2.11, a current ratio of 2.08 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $11.45 and a 200 day moving average of $11.09. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The company has a market capitalization of $1.72 billion, a PE ratio of 57.06, a price-to-earnings-growth ratio of 2.29 and a beta of 0.94.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.10). EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The company had revenue of $147.47 million for the quarter, compared to analyst estimates of $147.18 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that EverCommerce Inc. will post 0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EVCM shares. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a research note on Friday, March 13th. Citizens Jmp lowered EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research note on Friday, May 8th. Wall Street Zen upgraded EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Finally, Canaccord Genuity Group raised their target price on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, EverCommerce currently has a consensus rating of “Hold” and an average target price of $11.25.

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its holdings in EverCommerce by 118.3% in the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after acquiring an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue bought a new position in EverCommerce in the third quarter valued at about $91,000. R Squared Ltd bought a new position in EverCommerce in the third quarter valued at about $122,000. Prudential Financial Inc. boosted its holdings 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 acquiring an additional 1,190 shares during the last quarter. Finally, Oxford Asset Management LLP bought a new position in EverCommerce in the second quarter valued at about $168,000. Institutional investors own 97.91% of the company’s stock.

EverCommerce Company Profile

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.