Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells $35,905.80 in Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 3,090 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $11.62, for a total value of $35,905.80. Following the transaction, the chief executive officer directly owned 2,703,218 shares in the company, valued at approximately $31,411,393.16. This represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • 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 shares were sold at an average price of $12.16, for a total value of $95,358.72.
  • On Thursday, January 22nd, Eric Richard Remer sold 5,230 shares of EverCommerce stock. The stock was sold at an average price of $12.70, for a total value of $66,421.00.
  • On Wednesday, January 21st, Eric Richard Remer sold 6,776 shares of EverCommerce stock. The shares were sold at an average price of $12.22, for a total transaction of $82,802.72.
  • On Tuesday, January 20th, Eric Richard Remer sold 7,194 shares of EverCommerce stock. The stock was sold at an average price of $12.26, for a total transaction of $88,198.44.
  • On Wednesday, January 14th, Eric Richard Remer sold 8,318 shares of EverCommerce stock. The stock was sold at an average price of $11.88, for a total transaction of $98,817.84.
  • On Tuesday, January 13th, Eric Richard Remer sold 10,882 shares of EverCommerce stock. The shares were sold at an average price of $11.82, for a total transaction of $128,625.24.
  • On Tuesday, January 6th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total transaction of $221,184.00.
  • On Wednesday, December 31st, Eric Richard Remer sold 5,326 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $12.20, for a total transaction of $89,096.60.

EverCommerce Stock Up 2.2%

Shares of NASDAQ EVCM opened at $12.05 on Friday. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of -1,203.80, a PEG ratio of 2.40 and a beta of 1.03. The stock has a 50 day moving average price of $11.40 and a 200 day moving average price of $11.10. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EVCM shares. Barclays cut their price target on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a research report on Thursday, January 22nd. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a report on Tuesday, October 14th. Royal Bank Of Canada downgraded shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price objective on the stock. in a research note on Monday, January 5th. Finally, Zacks Research lowered shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $11.00.

Read Our Latest Stock Report on EVCM

Institutional Trading of EverCommerce

A number of institutional investors have recently modified their holdings of EVCM. Prudential Financial Inc. raised its stake in shares of EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares in the last quarter. Federated Hermes Inc. boosted its stake in EverCommerce by 118.3% in 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 in the last quarter. American Century Companies Inc. grew its holdings in EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after purchasing an additional 4,576 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of EverCommerce during the third quarter worth $91,000. Finally, R Squared Ltd purchased a new stake in shares of EverCommerce during the 3rd quarter valued at $122,000. 97.91% of the stock is currently owned by institutional investors.

EverCommerce Company Profile

(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.

Further Reading

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

Receive News & Ratings for EverCommerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EverCommerce and related companies with MarketBeat.com's FREE daily email newsletter.