EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 11,340 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 11,340 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $9.87, for a total value of $111,925.80. Following the completion of the transaction, the chief executive officer directly owned 2,653,478 shares in the company, valued at $26,189,827.86. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $90,853.35.
• On Wednesday, February 11th, Eric Richard Remer sold 8,357 shares of EverCommerce stock. The shares were sold at an average price of $10.26, for a total value of $85,742.82.
• On Tuesday, February 10th, Eric Richard Remer sold 10,843 shares of EverCommerce stock. The shares were 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 stock was 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 transaction 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 transaction of $95,358.72.
• On Thursday, January 22nd, Eric Richard Remer sold 5,230 shares of EverCommerce stock. The shares were 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.

EverCommerce Stock Performance

Shares of NASDAQ EVCM traded up $0.05 during trading hours on Thursday, hitting $9.86. 106,010 shares of the company’s stock were exchanged, compared to its average volume of 145,579. The company’s 50-day moving average price is $11.75 and its 200-day moving average price is $11.04. 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 $1.77 billion, a price-to-earnings ratio of -985.01, a PEG ratio of 2.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02.

Institutional Investors Weigh In On EverCommerce

Hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. boosted its position 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 buying an additional 1,667 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of EverCommerce in the third quarter valued at approximately $91,000. R Squared Ltd acquired a new position in shares of EverCommerce in the 3rd quarter worth approximately $122,000. Prudential Financial Inc. grew its position in 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 during the last quarter. Finally, Inceptionr LLC acquired a new stake in EverCommerce during the 2nd quarter valued at $159,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analysts Set New Price Targets

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