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

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 19,200 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $11.52, for a total value of $221,184.00. Following the completion of the sale, the chief executive officer directly owned 2,760,818 shares in the company, valued at $31,804,623.36. This trade represents a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 transaction 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 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 shares were sold at an average price of $9.87, for a total value 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 value of $247,855.00.
• 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 value 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.

EverCommerce Price Performance

EverCommerce stock opened at $12.07 on Friday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $2.16 billion, a PE ratio of -1,205.79, a P/E/G ratio of 2.47 and a beta of 1.03. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The stock has a 50-day moving average price of $10.49 and a two-hundred day moving average price of $10.91.

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. boosted its position in EverCommerce by 118.3% during the third 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 last quarter. State of Alaska Department of Revenue bought a new position in shares of EverCommerce in the 3rd quarter worth about $91,000. R Squared Ltd acquired a new position in shares of EverCommerce in the 3rd quarter valued at about $122,000. Prudential Financial Inc. boosted its position in shares of EverCommerce by 9.6% during the 2nd 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 bought a new stake in shares of EverCommerce during the 2nd quarter valued at about $159,000. Institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

EVCM has been the topic of a number of research reports. Lake Street Capital set a $11.00 target price on shares of EverCommerce in a report on Tuesday, October 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. Raymond James Financial downgraded EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada lowered 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. Finally, Barclays cut 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. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $11.00.

About EverCommerce

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.