Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells $90,853.35 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 9,205 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $9.87, for a total transaction of $90,853.35. Following the completion of the transaction, the chief executive officer owned 2,644,273 shares in the company, valued at $26,098,974.51. This trade represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, February 17th, Eric Richard Remer sold 11,340 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total transaction of $111,925.80.
• On Wednesday, February 11th, Eric Richard Remer sold 8,357 shares of EverCommerce stock. The shares were sold at an average price of $10.26, for a total transaction of $85,742.82.
• On Tuesday, February 10th, Eric Richard Remer sold 10,843 shares of EverCommerce stock. The stock was sold at an average price of $10.45, for a total transaction of $113,309.35.
• On Wednesday, February 4th, Eric Richard Remer sold 2,797 shares of EverCommerce stock. The shares were sold at an average price of $10.77, for a total transaction of $30,123.69.
• On Tuesday, February 3rd, Eric Richard Remer sold 16,403 shares of EverCommerce stock. The stock was sold at an average price of $10.90, for a total value of $178,792.70.
• On Thursday, January 29th, Eric Richard Remer sold 3,090 shares of EverCommerce stock. The shares were sold at an average price of $11.62, for a total value of $35,905.80.
• On Wednesday, January 28th, Eric Richard Remer sold 8,268 shares of EverCommerce stock. The shares were sold at an average price of $11.95, for a total value of $98,802.60.
• On Tuesday, January 27th, Eric Richard Remer sold 7,842 shares of EverCommerce stock. The stock was sold at an average price of $12.16, for a total value of $95,358.72.
• On Thursday, January 22nd, Eric Richard Remer sold 5,230 shares of EverCommerce stock. The shares were sold at an average price of $12.70, for a total value of $66,421.00.
• On Wednesday, January 21st, Eric Richard Remer sold 6,776 shares of EverCommerce stock. The shares were sold at an average price of $12.22, for a total value of $82,802.72.

EverCommerce Trading Up 4.7%

EverCommerce stock opened at $10.32 on Friday. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -1,030.97, a P/E/G ratio of 2.10 and a beta of 1.03. The firm has a 50 day moving average of $11.69 and a 200 day moving average of $11.04. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its stake in EverCommerce by 328.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after acquiring an additional 547,712 shares during the last quarter. Tudor Investment Corp ET AL grew its holdings in shares of EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after purchasing an additional 83,794 shares in the last quarter. JPMorgan Chase & Co. increased its position in EverCommerce by 11.9% in the second 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 last quarter. Goldman Sachs Group Inc. increased its position in EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after purchasing an additional 50,854 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in EverCommerce by 136.9% during the second quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after purchasing an additional 47,470 shares in the last quarter. 97.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EVCM. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Barclays cut their target price on EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a report on Thursday, January 22nd. Royal Bank Of Canada downgraded EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price target for the company. in a research note on Monday, January 5th. Finally, Raymond James Financial cut shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, EverCommerce presently has an average rating of “Reduce” and a consensus price target of $11.00.

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.