Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) CEO Sells 8,552 Shares of Stock

Posted by Cynthia Vaughn on Jan 25th, 2025

EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 8,552 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $10.21, for a total transaction of $87,315.92. Following the sale, the chief executive officer now directly owns 7,848,830 shares of the company’s stock, valued at approximately $80,136,554.30. This trade represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

On Tuesday, January 21st, Eric Richard Remer sold 5,117 shares of EverCommerce stock. The stock was sold at an average price of $10.39, for a total transaction of $53,165.63.
On Thursday, January 16th, Eric Richard Remer sold 6,024 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total transaction of $61,444.80.
On Tuesday, January 14th, Eric Richard Remer sold 5,713 shares of EverCommerce stock. The shares were sold at an average price of $10.15, for a total transaction of $57,986.95.
On Tuesday, January 7th, Eric Richard Remer sold 5,453 shares of EverCommerce stock. The shares were sold at an average price of $10.56, for a total transaction of $57,583.68.
On Thursday, December 19th, Eric Richard Remer sold 7,235 shares of EverCommerce stock. The shares were sold at an average price of $11.22, for a total transaction of $81,176.70.
On Tuesday, December 17th, Eric Richard Remer sold 7,130 shares of EverCommerce stock. The shares were sold at an average price of $11.99, for a total transaction of $85,488.70.
On Thursday, December 12th, Eric Richard Remer sold 4,464 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total transaction of $53,835.84.
On Tuesday, December 10th, Eric Richard Remer sold 9,560 shares of EverCommerce stock. The shares were sold at an average price of $11.90, for a total transaction of $113,764.00.
On Thursday, November 21st, Eric Richard Remer sold 10,513 shares of EverCommerce stock. The shares were sold at an average price of $11.52, for a total transaction of $121,109.76.
On Tuesday, November 19th, Eric Richard Remer sold 8,818 shares of EverCommerce stock. The shares were sold at an average price of $11.03, for a total transaction of $97,262.54.

EverCommerce Stock Performance

Shares of EVCM opened at $10.33 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm has a fifty day simple moving average of $11.25 and a 200 day simple moving average of $10.92. EverCommerce Inc. has a 12 month low of $6.22 and a 12 month high of $12.35. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -36.89 and a beta of 1.14.

EverCommerce (NASDAQ:EVCM – Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm had revenue of $176.26 million for the quarter, compared to the consensus estimate of $174.87 million. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Oppenheimer upped their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. JMP Securities upped their price target on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, November 13th. Piper Sandler upped their price target on shares of EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Royal Bank of Canada upped their price target on shares of EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Finally, Barclays increased their target price on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce presently has an average rating of “Moderate Buy” and a consensus target price of $12.56.

Get Our Latest Analysis on EverCommerce

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVCM. Dimensional Fund Advisors LP raised its position in EverCommerce by 39.2% during the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock worth $3,740,000 after acquiring an additional 95,934 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after purchasing an additional 2,700 shares during the period. AQR Capital Management LLC raised its position in shares of EverCommerce by 394.8% in the second quarter. AQR Capital Management LLC now owns 55,620 shares of the company’s stock valued at $611,000 after purchasing an additional 44,378 shares during the period. Millennium Management LLC raised its position in shares of EverCommerce by 673.4% in the second quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after purchasing an additional 281,551 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after purchasing an additional 1,089 shares during the period. 97.91% of the stock is owned by institutional investors.

EverCommerce Company Profile

(Get Free Report)

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.