EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 8,254 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $12.11, for a total value of $99,955.94. Following the sale, the chief executive officer directly owned 2,945,069 shares in the company, valued at approximately $35,664,785.59. This represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Eric Richard Remer also recently made the following trade(s):
- On Thursday, April 23rd, Eric Richard Remer sold 5,503 shares of EverCommerce stock. The shares were sold at an average price of $11.55, for a total transaction of $63,559.65.
- On Wednesday, April 22nd, Eric Richard Remer sold 5,443 shares of EverCommerce stock. The stock was sold at an average price of $11.99, for a total transaction of $65,261.57.
- On Thursday, April 16th, Eric Richard Remer sold 1,596 shares of EverCommerce stock. The stock was sold at an average price of $11.98, for a total transaction of $19,120.08.
- On Wednesday, April 15th, Eric Richard Remer sold 5,604 shares of EverCommerce stock. The shares were sold at an average price of $11.96, for a total transaction of $67,023.84.
- On Tuesday, April 14th, Eric Richard Remer sold 12,000 shares of EverCommerce stock. The shares were sold at an average price of $11.77, for a total transaction of $141,240.00.
- On Wednesday, April 8th, Eric Richard Remer sold 8,700 shares of EverCommerce stock. The shares were sold at an average price of $11.52, for a total transaction of $100,224.00.
- On Tuesday, April 7th, Eric Richard Remer sold 10,500 shares of EverCommerce stock. The stock was sold at an average price of $11.38, for a total transaction of $119,490.00.
- On Wednesday, April 1st, Eric Richard Remer sold 7,786 shares of EverCommerce stock. The stock was sold at an average price of $11.42, for a total transaction of $88,916.12.
- On Tuesday, March 31st, Eric Richard Remer sold 11,414 shares of EverCommerce stock. The shares were sold at an average price of $11.53, for a total value of $131,603.42.
- On Wednesday, March 25th, Eric Richard Remer sold 2,703 shares of EverCommerce stock. The shares were sold at an average price of $11.06, for a total value of $29,895.18.
EverCommerce Stock Down 5.3%
Shares of EverCommerce stock opened at $11.36 on Friday. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 126.24, a PEG ratio of 2.65 and a beta of 1.01. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.72. The business’s 50 day simple moving average is $11.26 and its 200-day simple moving average is $11.08.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Canaccord Genuity Group dropped their price objective on shares of EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Weiss Ratings raised shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, March 13th. Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. The Goldman Sachs Group cut their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Finally, Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.71.
View Our Latest Research Report on EVCM
Institutional Investors Weigh In On EverCommerce
Several institutional investors have recently bought and sold shares of EVCM. Tudor Investment Corp ET AL grew its position in EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after buying an additional 83,794 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of EverCommerce by 11.9% during 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 in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after acquiring an additional 50,854 shares during the period. Los Angeles Capital Management LLC lifted its stake in shares of EverCommerce by 111.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock worth $749,000 after acquiring an additional 34,979 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of EverCommerce in the second quarter valued at approximately $595,000. Institutional investors and hedge funds own 97.91% of the company’s stock.
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.
Further Reading
Receive News & Ratings for EverCommerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EverCommerce and related companies with MarketBeat.com's FREE daily email newsletter.
