EverCommerce (NASDAQ:EVCM) CEO Sells $261,312.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 19,200 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $13.61, for a total value of $261,312.00. Following the transaction, the chief executive officer owned 2,809,935 shares of the company’s stock, valued at $38,243,215.35. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, December 10th, Eric Richard Remer sold 4,004 shares of EverCommerce stock. The shares were sold at an average price of $9.99, for a total transaction of $39,999.96.
• On Tuesday, December 9th, Eric Richard Remer sold 32,706 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total transaction of $322,808.22.
• On Thursday, December 4th, Eric Richard Remer sold 26,090 shares of EverCommerce stock. The stock was 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 shares were 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 stock was sold at an average price of $9.01, for a total value 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 value of $4,505.00.
• On Tuesday, November 11th, Eric Richard Remer sold 600 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total transaction of $5,430.00.
• On Wednesday, November 5th, Eric Richard Remer sold 5,666 shares of EverCommerce stock. The stock was sold at an average price of $11.37, for a total transaction of $64,422.42.
• On Tuesday, November 4th, Eric Richard Remer sold 13,534 shares of EverCommerce stock. The stock was sold at an average price of $11.27, for a total value of $152,528.18.
• On Wednesday, October 29th, Eric Richard Remer sold 10,643 shares of EverCommerce stock. The shares were sold at an average price of $11.77, for a total value of $125,268.11.

EverCommerce Stock Down 5.8%

EVCM stock opened at $11.97 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market capitalization of $2.15 billion, a P/E ratio of -1,195.80, a P/E/G ratio of 6.40 and a beta of 1.07. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The business has a 50-day moving average of $10.32 and a 200-day moving average of $10.70.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVCM. Woodline Partners LP raised its stake in 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 buying an additional 25,412 shares during the period. Arrowstreet Capital Limited Partnership raised 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 valued at $7,502,000 after acquiring an additional 547,712 shares during the period. Nuveen LLC bought a new stake in EverCommerce in the 1st quarter valued at $493,000. Los Angeles Capital Management LLC lifted its holdings in EverCommerce by 136.9% during the 2nd 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 during the last quarter. Finally, Inceptionr LLC bought a new position in EverCommerce during the second quarter worth $159,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EVCM has been the topic of a number of recent research reports. Lake Street Capital set a $11.00 price objective on shares of EverCommerce in a report on Tuesday, October 14th. Royal Bank Of Canada decreased their target price on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a research report on Wednesday, October 8th. Zacks Research downgraded shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Barclays lowered their target price on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.