EverCommerce (NASDAQ:EVCM) CEO Sells $79,574.81 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 6,571 shares of EverCommerce stock in a transaction on Monday, December 29th. The shares were sold at an average price of $12.11, for a total value of $79,574.81. Following the transaction, the chief executive officer owned 2,792,647 shares in the company, valued at $33,818,955.17. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, December 31st, Eric Richard Remer sold 5,326 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $12.20, for a total value of $89,096.60.
• 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 transaction 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.
• On Tuesday, December 9th, Eric Richard Remer sold 32,706 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $9.50, for a total transaction of $247,855.00.
• On Wednesday, December 3rd, Eric Richard Remer sold 28,044 shares of EverCommerce stock. The stock was sold at an average price of $9.18, for a total transaction 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.

EverCommerce Price Performance

Shares of EverCommerce stock traded down $0.03 during trading hours on Wednesday, hitting $12.11. The company’s stock had a trading volume of 87,360 shares, compared to its average volume of 206,601. The company has a market cap of $2.17 billion, a PE ratio of -1,209.79, a PEG ratio of 6.15 and a beta of 1.07. 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 business has a 50 day moving average price of $10.46 and a two-hundred day moving average price of $10.81. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Barclays reduced their price objective 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. 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 cut their price objective on EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Finally, Zacks Research downgraded EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, EverCommerce currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Institutional Trading of EverCommerce

A number of large investors have recently made changes to their positions in the business. Federated Hermes Inc. raised its position 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 buying an additional 1,667 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in EverCommerce during the third quarter worth approximately $91,000. Deutsche Bank AG raised its position in 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 during the period. R Squared Ltd bought a new stake in shares of EverCommerce in the 3rd quarter valued at approximately $122,000. Finally, Prudential Financial Inc. lifted 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. 97.91% of the stock is currently owned by institutional investors.

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.