Eric Richard Remer Sells 10,882 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,882 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $11.82, for a total transaction of $128,625.24. Following the completion of the transaction, the chief executive officer owned 2,749,936 shares of the company’s stock, valued at approximately $32,504,243.52. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, January 14th, Eric Richard Remer sold 8,318 shares of EverCommerce stock. The shares were sold at an average price of $11.88, for a total value of $98,817.84.
• On Tuesday, January 6th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was 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 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 29th, Eric Richard Remer sold 6,571 shares of EverCommerce stock. The stock was 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 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 stock was 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 transaction of $247,855.00.

EverCommerce Stock Performance

Shares of EVCM stock opened at $12.75 on Friday. EverCommerce Inc. has a 12 month low of $7.66 and a 12 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. The company has a market cap of $2.29 billion, a P/E ratio of -1,273.73, a PEG ratio of 2.52 and a beta of 1.03. The firm has a fifty day moving average price of $10.62 and a 200 day moving average price of $10.99.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EVCM. Kingstone Capital Partners Texas LLC purchased a new stake in shares of EverCommerce in the second quarter valued at about $5,039,000. Los Angeles Capital Management LLC increased its position in EverCommerce by 136.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after acquiring an additional 47,470 shares during the period. JPMorgan Chase & Co. raised its stake in EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after acquiring an additional 11,996 shares during the last quarter. American Century Companies Inc. lifted its position in EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after acquiring an additional 4,576 shares during the period. Finally, 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. 97.91% of the stock is owned by hedge funds and other institutional investors.

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.