Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells $89,096.60 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,303 shares of the company’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $12.20, for a total transaction of $89,096.60. Following the completion of the transaction, the chief executive officer owned 2,785,344 shares of the company’s stock, valued at approximately $33,981,196.80. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, December 31st, Eric Richard Remer sold 5,326 shares of EverCommerce stock. The shares were sold at an average price of $12.07, for a total transaction of $64,284.82.
• On Monday, December 29th, Eric Richard Remer sold 6,571 shares of EverCommerce stock. The stock was sold at an average price of $12.11, for a total transaction of $79,574.81.
• On Monday, December 22nd, Eric Richard Remer sold 10,717 shares of EverCommerce stock. The stock was sold at an average price of $12.06, for a total value of $129,247.02.
• On Tuesday, December 16th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $13.61, for a total value of $261,312.00.
• On Wednesday, December 10th, Eric Richard Remer sold 4,004 shares of EverCommerce stock. The stock was sold at an average price of $9.99, for a total value of $39,999.96.
• On Tuesday, December 9th, Eric Richard Remer sold 32,706 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $322,808.22.
• On Thursday, December 4th, Eric Richard Remer sold 26,090 shares of EverCommerce stock. The shares were sold at an average price of $9.50, for a total value of $247,855.00.
• On Wednesday, December 3rd, Eric Richard Remer sold 28,044 shares of EverCommerce stock. The stock was sold at an average price of $9.18, for a total value of $257,443.92.
• On Tuesday, December 2nd, Eric Richard Remer sold 4,056 shares of EverCommerce stock. The shares were sold at an average price of $9.01, for a total transaction of $36,544.56.
• On Thursday, November 13th, Eric Richard Remer sold 500 shares of EverCommerce stock. The shares were sold at an average price of $9.01, for a total transaction of $4,505.00.

EverCommerce Price Performance

EVCM stock opened at $11.55 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02. The company’s fifty day moving average price is $10.48 and its 200-day moving average price is $10.84. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The company has a market capitalization of $2.07 billion, a PE ratio of -1,153.85, a price-to-earnings-growth ratio of 2.46 and a beta of 1.03.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Zacks Research cut EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Barclays reduced their price objective on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. Lake Street Capital set a $11.00 target price on shares of EverCommerce in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada reduced their price target on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.00.

Hedge Funds Weigh In On EverCommerce

Several large investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its position in EverCommerce by 328.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after buying an additional 547,712 shares during the last quarter. Woodline Partners LP raised its stake in shares of EverCommerce by 4.7% in the first quarter. Woodline Partners LP now owns 560,506 shares of the company’s stock valued at $5,650,000 after acquiring an additional 25,412 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in shares of EverCommerce in the 2nd quarter worth about $5,039,000. Tudor Investment Corp ET AL lifted its holdings in shares of EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after acquiring an additional 83,794 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after purchasing an additional 11,996 shares during the period. 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.