Eric Richard Remer Sells 7,194 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,194 shares of EverCommerce stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $12.26, for a total value of $88,198.44. Following the transaction, the chief executive officer directly owned 2,734,424 shares in the company, valued at approximately $33,524,038.24. This trade represents a 0.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, January 21st, Eric Richard Remer sold 6,776 shares of EverCommerce stock. The stock was sold at an average price of $12.22, for a total transaction of $82,802.72.
• 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 13th, Eric Richard Remer sold 10,882 shares of EverCommerce stock. The shares were sold at an average price of $11.82, for a total value 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 transaction 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 transaction 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 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 shares were sold at an average price of $13.61, for a total value 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 Stock Performance

Shares of EVCM stock traded up $0.38 during mid-day trading on Thursday, reaching $12.76. The stock had a trading volume of 107,560 shares, compared to its average volume of 166,747. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. 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 firm’s 50 day simple moving average is $10.85 and its 200 day simple moving average is $11.03. The firm has a market cap of $2.29 billion, a PE ratio of -1,274.73, a P/E/G ratio of 2.47 and a beta of 1.03.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EVCM shares. Zacks Research cut EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price on the stock. in a research note on Monday, January 5th. Lake Street Capital set a $11.00 price target on EverCommerce in a research report on Tuesday, October 14th. Finally, Barclays decreased their price objective on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, EverCommerce currently has a consensus rating of “Reduce” and a consensus price target of $11.00.

Institutional Investors Weigh In On EverCommerce

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

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.