EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 6,776 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 6,776 shares of the stock in a transaction dated Wednesday, January 21st. The stock was sold at an average price of $12.22, for a total transaction of $82,802.72. Following the sale, the chief executive officer directly owned 2,727,648 shares in the company, valued at $33,331,858.56. This represents a 0.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, January 20th, Eric Richard Remer sold 7,194 shares of EverCommerce stock. The shares were sold at an average price of $12.26, for a total transaction of $88,198.44.
• On Wednesday, January 14th, Eric Richard Remer sold 8,318 shares of EverCommerce stock. The stock was sold at an average price of $11.88, for a total transaction of $98,817.84.
• On Tuesday, January 13th, Eric Richard Remer sold 10,882 shares of EverCommerce stock. The stock was sold at an average price of $11.82, for a total transaction of $128,625.24.
• On Tuesday, January 6th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $11.52, for a total value of $221,184.00.
• On Wednesday, December 31st, Eric Richard Remer sold 5,326 shares of EverCommerce stock. The shares were sold at an average price of $12.07, for a total value of $64,284.82.
• On Tuesday, December 30th, Eric Richard Remer sold 7,303 shares of EverCommerce stock. The stock was sold at an average price of $12.20, for a total value of $89,096.60.
• On Monday, December 29th, Eric Richard Remer sold 6,571 shares of EverCommerce stock. The shares were sold at an average price of $12.11, for a total value of $79,574.81.
• On Monday, December 22nd, Eric Richard Remer sold 10,717 shares of EverCommerce stock. The stock was sold at an average price of $12.06, for a total value of $129,247.02.
• On Tuesday, December 16th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $13.61, for a total transaction of $261,312.00.
• 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.

EverCommerce Price Performance

Shares of EVCM opened at $12.76 on Friday. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -1,274.73, a PEG ratio of 2.52 and a beta of 1.03. The firm’s fifty day simple moving average is $10.93 and its 200-day simple moving average is $11.04. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. boosted its stake in shares of EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after buying an additional 1,667 shares during the period. State of Alaska Department of Revenue purchased a new stake in EverCommerce during the 3rd quarter valued at approximately $91,000. R Squared Ltd acquired a new stake in EverCommerce during the 3rd quarter worth approximately $122,000. Prudential Financial Inc. grew its stake in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares during the last quarter. Finally, Inceptionr LLC acquired a new position in shares of EverCommerce in the second quarter valued at approximately $159,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EVCM. Zacks Research cut EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Barclays dropped their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a research note on Tuesday, October 14th. Royal Bank Of Canada downgraded shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price objective for the company. in a research note on Monday, January 5th. Finally, Raymond James Financial cut EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $11.00.

EverCommerce Company Profile

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.