Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 4,056 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,056 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $9.01, for a total transaction of $36,544.56. Following the completion of the transaction, the chief executive officer owned 2,947,273 shares in the company, valued at $26,554,929.73. This trade represents a 0.14% 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 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 transaction of $257,443.92.
• 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 transaction 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 shares were sold at an average price of $11.27, for a total transaction 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 stock was 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 shares were 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 stock was sold at an average price of $10.86, for a total value of $208,512.00.

EverCommerce Stock Performance

Shares of NASDAQ EVCM traded up $0.37 during trading on Thursday, hitting $9.69. The company had a trading volume of 325,292 shares, compared to its average volume of 196,223. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $12.34. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02. The firm has a market capitalization of $1.74 billion, a P/E ratio of -968.03, a price-to-earnings-growth ratio of 4.47 and a beta of 1.07. The stock has a 50 day simple moving average of $10.27 and a 200 day simple moving average of $10.59.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a report on Tuesday, October 14th. Oppenheimer reissued an “outperform” rating and issued a $13.00 price objective (up from $12.00) on shares of EverCommerce in a research note on Thursday, August 7th. Barclays lowered their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. Royal Bank Of Canada dropped their target price on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, EverCommerce presently has an average rating of “Hold” and a consensus target price of $11.00.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently modified their holdings of EVCM. Prudential Financial Inc. grew its stake in EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after acquiring an additional 1,190 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after purchasing an additional 1,667 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after purchasing an additional 4,576 shares during the last quarter. Deutsche Bank AG grew its position in shares of EverCommerce by 141.9% during the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after purchasing an additional 5,770 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of EverCommerce in the third quarter worth about $91,000. Institutional investors own 97.91% of the company’s stock.

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.