EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 10,717 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,717 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $12.06, for a total transaction of $129,247.02. Following the transaction, the chief executive officer directly owned 2,799,218 shares in the company, valued at $33,758,569.08. This trade represents a 0.38% 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, December 16th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were 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 shares were 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 stock was sold at an average price of $9.87, for a total transaction of $322,808.22.
• On Thursday, December 4th, Eric Richard Remer sold 26,090 shares of EverCommerce stock. The stock was 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 shares were 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.
• On Thursday, November 13th, Eric Richard Remer sold 500 shares of EverCommerce stock. The stock was sold at an average price of $9.01, for a total value of $4,505.00.
• On Tuesday, November 11th, Eric Richard Remer sold 600 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total value of $5,430.00.
• On Wednesday, November 5th, Eric Richard Remer sold 5,666 shares of EverCommerce stock. The shares were sold at an average price of $11.37, for a total transaction of $64,422.42.
• On Tuesday, November 4th, Eric Richard Remer sold 13,534 shares of EverCommerce stock. The shares were sold at an average price of $11.27, for a total transaction of $152,528.18.

EverCommerce Stock Up 1.5%

Shares of EverCommerce stock traded up $0.18 on Monday, reaching $12.20. The stock had a trading volume of 84,406 shares, compared to its average volume of 207,521. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $2.19 billion, a P/E ratio of -1,218.78, a P/E/G ratio of 6.06 and a beta of 1.07. The company has a 50 day moving average price of $10.42 and a 200 day moving average price of $10.77. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41.

Wall Street Analysts Forecast Growth

EVCM has been the subject of several analyst reports. Royal Bank Of Canada decreased their price objective on EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Lake Street Capital set a $11.00 price target on EverCommerce in a research note on Tuesday, October 14th. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Barclays cut their price objective on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, EverCommerce currently has a consensus rating of “Hold” and an average target price of $11.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EVCM. Federated Hermes Inc. boosted its holdings 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 purchasing an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of EverCommerce in the 3rd quarter valued at about $91,000. Deutsche Bank AG boosted its stake in shares of EverCommerce by 141.9% in the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock worth $99,000 after buying an additional 5,770 shares during the last quarter. R Squared Ltd acquired a new stake in EverCommerce during the third quarter worth about $122,000. Finally, Prudential Financial Inc. raised its position in EverCommerce by 9.6% during the second 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 in the last quarter. 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.