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

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 6,776 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $12.22, for a total transaction of $82,802.72. Following the completion of the transaction, the chief executive officer owned 2,727,648 shares in the company, valued at approximately $33,331,858.56. This trade represents a 0.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was 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 value 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 value of $128,625.24.
• 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 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 transaction of $79,574.81.
• On Monday, December 22nd, Eric Richard Remer sold 10,717 shares of EverCommerce stock. The shares were 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.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM opened at $12.67 on Friday. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The company’s 50 day moving average price is $11.01 and its two-hundred day moving average price is $11.05. The firm has a market cap of $2.27 billion, a PE ratio of -1,265.73, a PEG ratio of 2.60 and a beta of 1.03. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EVCM. Royal Bank Of Canada downgraded EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price for the company. in a research report on Monday, January 5th. Zacks Research downgraded EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Raymond James Financial downgraded shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Barclays decreased their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $11.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EVCM. 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 acquiring an additional 1,667 shares in the last quarter. State of Alaska Department of Revenue bought a new position in EverCommerce in the third quarter valued at about $91,000. R Squared Ltd acquired a new stake in shares of EverCommerce during the third quarter valued at about $122,000. Prudential Financial Inc. grew its holdings in shares of EverCommerce by 9.6% during the second 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 position in shares of EverCommerce in the second quarter valued at approximately $159,000. 97.91% of the stock is currently owned by 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.