Eric Richard Remer Sells 26,090 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 26,090 shares of EverCommerce stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $9.50, for a total value of $247,855.00. Following the completion of the transaction, the chief executive officer owned 2,879,617 shares in the company, valued at $27,356,361.50. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $9.18, for a total transaction of $257,443.92.
• On Tuesday, December 2nd, Eric Richard Remer sold 4,056 shares of EverCommerce stock. The stock was sold at an average price of $9.01, for a total transaction of $36,544.56.
• 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 transaction of $5,430.00.
• On Wednesday, November 5th, Eric Richard Remer sold 5,666 shares of EverCommerce stock. The shares were sold at an average price of $11.37, for a total transaction of $64,422.42.
• On Tuesday, November 4th, Eric Richard Remer sold 13,534 shares of EverCommerce stock. The stock was sold at an average price of $11.27, for a total transaction 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 stock was 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 shares were sold at an average price of $11.44, for a total value of $134,248.40.

EverCommerce Trading Up 3.1%

EverCommerce stock opened at $9.97 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a market cap of $1.79 billion, a PE ratio of -996.00, a price-to-earnings-growth ratio of 4.87 and a beta of 1.07. The stock has a 50-day moving average of $10.15 and a two-hundred day moving average of $10.59. EverCommerce Inc. has a one year low of $7.66 and a one year high of $12.34.

Analysts Set New Price Targets

A number of research analysts have issued reports on EVCM shares. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a research note on Tuesday, October 14th. Zacks Research raised EverCommerce from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Royal Bank Of Canada lowered their price target on EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Finally, Barclays reduced their price objective on EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised 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 last quarter. State of Alaska Department of Revenue purchased a new position in EverCommerce during the third quarter valued at approximately $91,000. Deutsche Bank AG raised its position in EverCommerce by 141.9% during the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after acquiring an additional 5,770 shares in the last quarter. EntryPoint Capital LLC acquired a new position in EverCommerce in the first quarter valued at approximately $102,000. Finally, R Squared Ltd purchased a new stake in EverCommerce in the 3rd quarter worth approximately $122,000. 97.91% of the stock is owned by institutional investors and hedge funds.

About EverCommerce

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.