Eric Richard Remer Sells 8,268 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,268 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $11.95, for a total value of $98,802.60. Following the completion of the sale, the chief executive officer owned 2,706,308 shares of the company’s stock, valued at approximately $32,340,380.60. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, January 29th, Eric Richard Remer sold 3,090 shares of EverCommerce stock. The shares were sold at an average price of $11.62, for a total transaction of $35,905.80.
• On Tuesday, January 27th, Eric Richard Remer sold 7,842 shares of EverCommerce stock. The stock was 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 transaction 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 transaction 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 value 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 value 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 value 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 Performance

Shares of NASDAQ:EVCM traded down $0.07 during midday trading on Thursday, reaching $11.79. The company’s stock had a trading volume of 99,225 shares, compared to its average volume of 144,349. 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 fifty day moving average of $11.26 and a 200 day moving average of $11.08. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The firm has a market capitalization of $2.11 billion, a PE ratio of -1,177.82, a P/E/G ratio of 2.48 and a beta of 1.03.

Institutional Investors Weigh In On EverCommerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVCM. Arrowstreet Capital Limited Partnership lifted its stake in EverCommerce by 328.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after purchasing an additional 547,712 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after acquiring an additional 83,794 shares during the period. JPMorgan Chase & Co. grew its position in EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after acquiring an additional 11,996 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in EverCommerce by 136.9% during 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 period. Finally, Squarepoint Ops LLC acquired a new stake in shares of EverCommerce during the second quarter worth about $595,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on EVCM shares. Zacks Research downgraded EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a report on Tuesday, October 14th. Raymond James Financial cut shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays lowered their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a report on Thursday, January 22nd. Two 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 company. Based on data from MarketBeat.com, the stock presently 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.