Eric Richard Remer Sells 8,357 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,357 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $10.26, for a total transaction of $85,742.82. Following the transaction, the chief executive officer directly owned 2,664,818 shares in the company, valued at $27,341,032.68. This trade represents a 0.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, February 10th, Eric Richard Remer sold 10,843 shares of EverCommerce stock. The stock was sold at an average price of $10.45, for a total transaction of $113,309.35.
• On Wednesday, February 4th, Eric Richard Remer sold 2,797 shares of EverCommerce stock. The shares were sold at an average price of $10.77, for a total transaction of $30,123.69.
• On Tuesday, February 3rd, Eric Richard Remer sold 16,403 shares of EverCommerce stock. The shares were sold at an average price of $10.90, for a total transaction of $178,792.70.
• On Thursday, January 29th, Eric Richard Remer sold 3,090 shares of EverCommerce stock. The stock was sold at an average price of $11.62, for a total transaction of $35,905.80.
• On Wednesday, January 28th, Eric Richard Remer sold 8,268 shares of EverCommerce stock. The stock was 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 stock was sold at an average price of $12.22, for a total value of $82,802.72.
• On Tuesday, January 20th, Eric Richard Remer sold 7,194 shares of EverCommerce stock. The shares were sold at an average price of $12.26, for a total value 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.

EverCommerce Stock Performance

EVCM stock opened at $10.25 on Friday. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -1,023.98, a PEG ratio of 2.05 and a beta of 1.03. 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 firm has a 50-day simple moving average of $11.75 and a two-hundred day simple moving average of $11.06.

Analysts Set New Price Targets

Several equities analysts have issued reports on EVCM shares. Zacks Research lowered shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Royal Bank Of Canada downgraded EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price on the stock. in a research note on Monday, January 5th. Raymond James Financial cut EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a research note on Thursday, January 22nd. Finally, Barclays decreased their price objective on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, November 10th. Two equities 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. According to MarketBeat, EverCommerce presently has a consensus rating of “Reduce” and a consensus price target of $11.00.

Institutional Trading of EverCommerce

Large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC raised its stake in shares of EverCommerce by 136.9% in the second quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock worth $862,000 after purchasing an additional 47,470 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after buying an additional 11,996 shares during the period. American Century Companies Inc. raised its position in EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after buying an additional 4,576 shares during the last quarter. Prudential Financial Inc. lifted its stake in 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 acquiring an additional 1,190 shares during the period. Finally, Inceptionr LLC purchased a new stake in shares of EverCommerce in the 2nd quarter valued at $159,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

EverCommerce Company Profile

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.