Eric Richard Remer Sells 7,303 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 7,303 shares of the stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $12.20, for a total value of $89,096.60. Following the sale, the chief executive officer directly owned 2,785,344 shares of the company’s stock, valued at approximately $33,981,196.80. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • 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 Monday, December 29th, Eric Richard Remer sold 6,571 shares of EverCommerce stock. The stock was sold at an average price of $12.11, for a total transaction of $79,574.81.
  • On Monday, December 22nd, Eric Richard Remer sold 10,717 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total transaction of $129,247.02.
  • On Tuesday, December 16th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $13.61, for a total value 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 value of $39,999.96.
  • On Tuesday, December 9th, Eric Richard Remer sold 32,706 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value 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 stock was 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 shares were 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 shares were sold at an average price of $9.01, for a total value of $4,505.00.

EverCommerce Trading Down 0.2%

NASDAQ:EVCM opened at $12.11 on Friday. The company has a market cap of $2.17 billion, a P/E ratio of -1,209.79, a price-to-earnings-growth ratio of 6.10 and a beta of 1.03. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The business has a 50 day moving average price of $10.48 and a two-hundred day moving average price of $10.83. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on EVCM

Institutional Trading of EverCommerce

A number of hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. increased 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 worth $34,000 after acquiring an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue bought a new position in EverCommerce during the third quarter worth $91,000. Deutsche Bank AG increased its holdings in shares of EverCommerce by 141.9% in the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after purchasing an additional 5,770 shares during the last quarter. R Squared Ltd bought a new position in shares of EverCommerce in the third quarter valued at about $122,000. Finally, Prudential Financial Inc. raised its position in shares of 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 purchasing an additional 1,190 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

About EverCommerce

(Get Free Report)

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

Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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