EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 28,044 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 28,044 shares of EverCommerce stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $9.18, for a total value of $257,443.92. Following the sale, the chief executive officer directly owned 2,919,229 shares in the company, valued at approximately $26,798,522.22. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 value of $36,544.56.
• On Thursday, November 13th, Eric Richard Remer sold 500 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $9.05, for a total value 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 stock was sold at an average price of $11.77, for a total value of $125,268.11.
• On Tuesday, October 28th, Eric Richard Remer sold 8,557 shares of EverCommerce stock. The shares were sold at an average price of $12.08, for a total value of $103,368.56.
• On Wednesday, October 22nd, Eric Richard Remer sold 7,465 shares of EverCommerce stock. The stock was sold at an average price of $11.42, for a total value of $85,250.30.
• On Tuesday, October 21st, Eric Richard Remer sold 11,735 shares of EverCommerce stock. The shares were sold at an average price of $11.44, for a total value of $134,248.40.
• On Tuesday, October 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $10.86, for a total value of $208,512.00.

EverCommerce Stock Up 0.8%

Shares of NASDAQ:EVCM traded up $0.08 on Friday, reaching $9.77. The company had a trading volume of 14,700 shares, compared to its average volume of 195,387. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.75 billion, a P/E ratio of -976.02, a P/E/G ratio of 4.70 and a beta of 1.07. The stock has a 50-day moving average price of $10.24 and a 200 day moving average price of $10.59. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $12.34.

Analyst Ratings Changes

A number of research analysts have recently commented on EVCM shares. Lake Street Capital set a $11.00 price objective on shares of EverCommerce in a research report on Tuesday, October 14th. Oppenheimer reaffirmed an “outperform” rating and issued a $13.00 price target (up previously from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. Zacks Research upgraded EverCommerce from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Piper Sandler boosted their price objective on EverCommerce from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada cut their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $11.00.

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its holdings in EverCommerce by 129.1% in the first quarter. Mackenzie Financial Corp now owns 26,372 shares of the company’s stock valued at $266,000 after purchasing an additional 14,861 shares during the last quarter. Deutsche Bank AG increased its stake in shares of EverCommerce by 141.9% in the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after acquiring an additional 5,770 shares during the last quarter. Nuveen LLC bought a new position in EverCommerce during the 1st quarter worth approximately $493,000. EntryPoint Capital LLC acquired a new position in EverCommerce during the first quarter valued at approximately $102,000. Finally, Martingale Asset Management L P bought a new stake in EverCommerce in the first quarter valued at approximately $202,000. 97.91% of the stock is owned by institutional investors.

About EverCommerce

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.