EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 4,056 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,056 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $9.01, for a total transaction of $36,544.56. Following the completion of the sale, the chief executive officer directly owned 2,947,273 shares of the company’s stock, valued at approximately $26,554,929.73. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 Thursday, November 13th, Eric Richard Remer sold 500 shares of EverCommerce stock. The stock was sold at an average price of $9.01, for a total transaction of $4,505.00.
• On Tuesday, November 11th, Eric Richard Remer sold 600 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total value of $5,430.00.
• On Wednesday, November 5th, Eric Richard Remer sold 5,666 shares of EverCommerce stock. The stock was sold at an average price of $11.37, for a total value of $64,422.42.
• On Tuesday, November 4th, Eric Richard Remer sold 13,534 shares of EverCommerce stock. The shares were sold at an average price of $11.27, for a total value of $152,528.18.
• On Wednesday, October 29th, Eric Richard Remer sold 10,643 shares of EverCommerce stock. The stock was sold at an average price of $11.77, for a total value of $125,268.11.
• On Tuesday, October 28th, Eric Richard Remer sold 8,557 shares of EverCommerce stock. The stock was sold at an average price of $12.08, for a total value of $103,368.56.
• On Wednesday, October 22nd, Eric Richard Remer sold 7,465 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total value of $85,250.30.
• On Tuesday, October 21st, Eric Richard Remer sold 11,735 shares of EverCommerce stock. The stock was sold at an average price of $11.44, for a total transaction of $134,248.40.
• On Tuesday, October 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.86, for a total transaction of $208,512.00.

EverCommerce Stock Up 1.4%

NASDAQ EVCM traded up $0.14 during trading hours on Friday, reaching $9.83. 18,823 shares of the company’s stock traded hands, compared to its average volume of 195,445. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $12.34. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a 50-day simple moving average of $10.24 and a 200 day simple moving average of $10.59. The firm has a market cap of $1.76 billion, a PE ratio of -981.52, a PEG ratio of 4.70 and a beta of 1.07.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of EVCM. Arrowstreet Capital Limited Partnership boosted its position in shares of EverCommerce by 328.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock valued at $7,502,000 after buying an additional 547,712 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in EverCommerce in the 2nd quarter worth about $5,039,000. Squarepoint Ops LLC bought a new position in EverCommerce during the 2nd quarter valued at about $595,000. Lazard Asset Management LLC boosted its holdings in shares of EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after acquiring an additional 49,041 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of EverCommerce in the first quarter worth approximately $493,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

EVCM has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a research report on Wednesday, October 8th. Zacks Research raised EverCommerce from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Royal Bank Of Canada cut their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Piper Sandler lifted their price target on EverCommerce from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Finally, Barclays dropped 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.00.

EverCommerce Company Profile

EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company’s solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.