EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 16,403 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 16,403 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $10.90, for a total value of $178,792.70. Following the sale, the chief executive officer owned 2,686,815 shares in the company, valued at $29,286,283.50. The trade was a 0.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 transaction of $30,123.69.
• 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 shares were 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 stock was sold at an average price of $12.16, for a total value 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 shares were sold at an average price of $12.22, for a total value of $82,802.72.
• On Tuesday, January 20th, Eric Richard Remer sold 7,194 shares of EverCommerce stock. The stock was 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 shares were 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 stock was 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.

EverCommerce Trading Down 0.2%

Shares of NASDAQ EVCM traded down $0.02 during mid-day trading on Wednesday, hitting $10.98. The company’s stock had a trading volume of 199,962 shares, compared to its average volume of 148,837. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The company’s fifty day simple moving average is $11.53 and its 200-day simple moving average is $11.11. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -1,096.90, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03.

Analysts Set New Price Targets

Several analysts have commented on EVCM shares. Lake Street Capital set a $11.00 target price on shares of EverCommerce in a research report on Tuesday, October 14th. Royal Bank Of Canada downgraded EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price objective for the company. in a report on Monday, January 5th. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a research report on Thursday, January 22nd. Finally, Raymond James Financial cut EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $11.00.

Institutional Investors Weigh In On EverCommerce

Large investors have recently modified their holdings of the business. Federated Hermes Inc. lifted its holdings in shares of EverCommerce by 118.3% during the 3rd 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 in the last quarter. State of Alaska Department of Revenue bought a new stake in EverCommerce during the 3rd quarter worth approximately $91,000. R Squared Ltd acquired a new stake in EverCommerce during the 3rd quarter worth approximately $122,000. Prudential Financial Inc. lifted its stake in EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Finally, Inceptionr LLC bought a new position in EverCommerce in the second quarter valued at approximately $159,000. 97.91% of the stock is currently owned by institutional investors.

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.