EverCommerce (NASDAQ:EVCM) CEO Sells $221,184.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 19,200 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $11.52, for a total transaction of $221,184.00. Following the completion of the sale, the chief executive officer directly owned 2,760,818 shares in the company, valued at approximately $31,804,623.36. This represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 Tuesday, December 30th, Eric Richard Remer sold 7,303 shares of EverCommerce stock. The stock was sold at an average price of $12.20, for a total transaction of $89,096.60.
• 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 value 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 stock was 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 shares were 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 transaction of $36,544.56.

EverCommerce Trading Down 1.1%

NASDAQ EVCM opened at $11.94 on Friday. The stock has a market cap of $2.14 billion, a PE ratio of -1,192.81, a PEG ratio of 2.43 and a beta of 1.03. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The company’s 50-day moving average price is $10.50 and its 200-day moving average price is $10.93. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71.

Analyst Ratings Changes

EVCM has been the subject of several research analyst reports. Raymond James Financial downgraded shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Lake Street Capital set a $11.00 price objective on EverCommerce in a report on Tuesday, October 14th. Zacks Research cut EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Finally, 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. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce has a consensus rating of “Reduce” and an average price target of $11.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Federated Hermes Inc. lifted its stake 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 purchasing an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of EverCommerce during the third quarter valued at about $91,000. R Squared Ltd purchased a new stake in shares of EverCommerce during the third quarter valued at about $122,000. Prudential Financial Inc. boosted its holdings in shares of EverCommerce by 9.6% in the 2nd 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 purchased a new position in shares of EverCommerce in the 2nd quarter worth approximately $159,000. 97.91% of the stock is 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.