Eric Richard Remer Sells 7,710 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 7,710 shares of EverCommerce stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $10.29, for a total value of $79,335.90. Following the completion of the transaction, the chief executive officer owned 2,627,376 shares of the company’s stock, valued at approximately $27,035,699.04. The trade was a 0.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The shares were sold at an average price of $10.52, for a total transaction of $120,874.80.
  • On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $90,853.35.
  • On Tuesday, February 17th, Eric Richard Remer sold 11,340 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $111,925.80.
  • On Wednesday, February 11th, Eric Richard Remer sold 8,357 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total transaction of $85,742.82.
  • On Tuesday, February 10th, Eric Richard Remer sold 10,843 shares of EverCommerce stock. The shares were sold at an average price of $10.45, for a total transaction of $113,309.35.
  • On Wednesday, February 4th, Eric Richard Remer sold 2,797 shares of EverCommerce stock. The shares were sold at an average price of $10.77, for a total transaction of $30,123.69.
  • On Tuesday, February 3rd, Eric Richard Remer sold 16,403 shares of EverCommerce stock. The shares were sold at an average price of $10.90, for a total value of $178,792.70.
  • On Thursday, January 29th, Eric Richard Remer sold 3,090 shares of EverCommerce stock. The stock was sold at an average price of $11.62, for a total value of $35,905.80.
  • On Wednesday, January 28th, Eric Richard Remer sold 8,268 shares of EverCommerce stock. The shares were sold at an average price of $11.95, for a total value of $98,802.60.
  • On Tuesday, January 27th, Eric Richard Remer sold 7,842 shares of EverCommerce stock. The stock was sold at an average price of $12.16, for a total value of $95,358.72.

EverCommerce Price Performance

Shares of NASDAQ EVCM opened at $10.68 on Thursday. The firm’s 50-day simple moving average is $11.54 and its 200 day simple moving average is $11.03. The stock has a market cap of $1.92 billion, a P/E ratio of -1,066.93, a P/E/G ratio of 2.09 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. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVCM. Federated Hermes Inc. boosted its stake 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 during the period. State of Alaska Department of Revenue purchased a new stake in shares of EverCommerce during the third quarter worth $91,000. R Squared Ltd acquired a new stake in EverCommerce during the third quarter valued at $122,000. Prudential Financial Inc. grew its stake in EverCommerce by 9.6% in the second 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 in the last quarter. Finally, Inceptionr LLC acquired a new position in EverCommerce in the 2nd quarter worth about $159,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on EVCM shares. Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Raymond James Financial lowered EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a research report on Thursday, January 22nd. Barclays cut their price objective on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Finally, Royal Bank Of Canada cut shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price for the company. in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $11.00.

Read Our Latest Stock Report on EVCM

About EverCommerce

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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