EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 11,047 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 11,047 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $11.87, for a total transaction of $131,127.89. Following the sale, the chief executive officer owned 2,561,070 shares of the company’s stock, valued at approximately $30,399,900.90. The trade was a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, March 12th, Eric Richard Remer sold 1,874 shares of EverCommerce stock. The stock was sold at an average price of $12.13, for a total transaction of $22,731.62.
• On Wednesday, March 11th, Eric Richard Remer sold 6,279 shares of EverCommerce stock. The shares were sold at an average price of $12.05, for a total transaction of $75,661.95.
• On Tuesday, March 3rd, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $11.43, for a total transaction of $219,456.00.
• On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The stock was sold at an average price of $10.52, for a total transaction of $120,874.80.
• On Tuesday, February 24th, Eric Richard Remer sold 7,710 shares of EverCommerce stock. The stock was sold at an average price of $10.29, for a total transaction of $79,335.90.
• On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $90,853.35.
• On Tuesday, February 17th, Eric Richard Remer sold 11,340 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $111,925.80.
• 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 stock was sold at an average price of $10.45, for a total value 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 value of $30,123.69.

EverCommerce Stock Performance

EVCM traded down $0.27 during trading on Thursday, reaching $11.95. 95,792 shares of the company were exchanged, compared to its average volume of 140,832. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41. 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 firm has a 50 day moving average of $11.49 and a 200 day moving average of $11.10. The stock has a market cap of $2.14 billion, a P/E ratio of -1,193.81, a PEG ratio of 2.43 and a beta of 1.04.

Institutional Trading of EverCommerce

A number of institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. increased its stake in shares of 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 period. State of Alaska Department of Revenue acquired a new stake in EverCommerce in the third quarter worth approximately $91,000. R Squared Ltd bought a new position in EverCommerce during the 3rd quarter valued at $122,000. Prudential Financial Inc. boosted 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 purchasing an additional 1,190 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of EverCommerce during the 4th quarter valued at $177,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EVCM has been the subject of several recent analyst reports. Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Raymond James Financial downgraded EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a research report on Thursday, January 22nd. Finally, 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. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $11.00.

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.