Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells $146,372.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 14,800 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $9.89, for a total value of $146,372.00. Following the transaction, the chief executive officer directly owned 5,735,707 shares of the company’s stock, valued at $56,726,142.23. The trade was a 0.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 1st, Eric Richard Remer sold 17,295 shares of EverCommerce stock. The stock was sold at an average price of $10.68, for a total value of $184,710.60.
• On Tuesday, June 23rd, Eric Richard Remer sold 1,100 shares of EverCommerce stock. The shares were sold at an average price of $9.03, for a total value 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 value of $42,028.20.
• On Wednesday, June 10th, Eric Richard Remer sold 7,517 shares of EverCommerce stock. The stock was sold at an average price of $9.15, for a total value of $68,780.55.
• On Tuesday, June 9th, Eric Richard Remer sold 11,683 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $9.57, for a total transaction of $54,147.06.
• On Tuesday, June 2nd, Eric Richard Remer sold 13,542 shares of EverCommerce stock. The stock was sold at an average price of $10.53, for a total transaction of $142,597.26.
• On Thursday, May 28th, Eric Richard Remer sold 4,500 shares of EverCommerce stock. The stock was sold at an average price of $10.75, for a total transaction of $48,375.00.
• On Wednesday, May 27th, Eric Richard Remer sold 5,974 shares of EverCommerce stock. The stock was sold at an average price of $10.53, for a total transaction of $62,906.22.
• On Tuesday, May 26th, Eric Richard Remer sold 8,726 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total transaction of $92,321.08.

EverCommerce Stock Performance

Shares of EVCM opened at $9.98 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 2.12 and a beta of 0.93. The company’s 50 day simple moving average is $10.13 and its 200 day simple moving average is $11.07. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.10). The firm had revenue of $147.47 million during the quarter, compared to analysts’ expectations of $147.18 million. EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on EVCM shares. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a research note on Friday, March 13th. The Goldman Sachs Group decreased their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note on Friday, March 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Royal Bank Of Canada dropped their price objective on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research note on Friday, March 13th. Finally, Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVCM. Prudential Financial Inc. grew its position in EverCommerce by 9.6% during 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 period. Oxford Asset Management LLP acquired a new position in shares of EverCommerce in the 2nd quarter valued at about $168,000. BNP Paribas Financial Markets lifted its stake in shares of EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after purchasing an additional 13,734 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of EverCommerce during the 4th quarter worth about $177,000. Finally, Wells Fargo & Company MN grew its holdings in shares of EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Key Headlines Impacting EverCommerce

Here are the key news stories impacting EverCommerce this week:

• Negative Sentiment: CEO Eric Richard Remer sold 17,295 shares on July 1 and 14,800 shares on June 30, while President Matthew David Feierstein sold 10,000 shares on July 1 and 5,179 shares on June 30, adding to a run of insider selling that may pressure the stock. Article Title
• Neutral Sentiment: The sales were disclosed in SEC filings and executed under Rule 10b5-1 trading plans, which suggests they were scheduled in advance and may not signal a sudden change in management’s outlook. Article Title
• Neutral Sentiment: EverCommerce recently reported revenue that slightly topped estimates, but earnings missed expectations, leaving investors focused on whether the company can improve profitability. Article Title

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.