Eric Richard Remer Sells 19,200 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 19,200 shares of the company’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $13.61, for a total transaction of $261,312.00. Following the transaction, the chief executive officer directly owned 2,809,935 shares in the company, valued at approximately $38,243,215.35. This trade represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, December 10th, Eric Richard Remer sold 4,004 shares of EverCommerce stock. The stock was sold at an average price of $9.99, for a total transaction of $39,999.96.
• On Tuesday, December 9th, Eric Richard Remer sold 32,706 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $322,808.22.
• On Thursday, December 4th, Eric Richard Remer sold 26,090 shares of EverCommerce stock. The shares were sold at an average price of $9.50, for a total transaction of $247,855.00.
• 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 value of $36,544.56.
• On Thursday, November 13th, Eric Richard Remer sold 500 shares of EverCommerce stock. The shares were sold at an average price of $9.01, for a total value of $4,505.00.
• On Tuesday, November 11th, Eric Richard Remer sold 600 shares of EverCommerce stock. The stock was 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 shares were 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 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 shares were sold at an average price of $11.77, for a total transaction of $125,268.11.

EverCommerce Price Performance

EVCM traded down $1.25 during midday trading on Wednesday, reaching $12.15. 552,239 shares of the company’s stock were exchanged, compared to its average volume of 208,283. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The stock has a market capitalization of $2.18 billion, a PE ratio of -1,213.79, a P/E/G ratio of 6.73 and a beta of 1.07. 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 business’s 50-day moving average price is $10.25 and its 200 day moving average price is $10.66.

Wall Street Analyst Weigh In

A number of brokerages have commented on EVCM. Barclays lowered their target price on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Zacks Research cut EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a research note on Tuesday, October 14th. Finally, Royal Bank Of Canada lowered their price target on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, EverCommerce currently has an average rating of “Hold” and an average price target of $11.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. raised its stake in shares of 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 purchased a new stake in shares of EverCommerce in the third quarter worth about $91,000. Deutsche Bank AG boosted its position in shares of EverCommerce by 141.9% in the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock worth $99,000 after buying an additional 5,770 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of EverCommerce in the first quarter valued at about $102,000. Finally, R Squared Ltd purchased a new stake in shares of EverCommerce during the 3rd quarter valued at about $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.