Eric Richard Remer Sells 5,230 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 5,230 shares of the stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $12.70, for a total value of $66,421.00. Following the sale, the chief executive officer owned 2,722,418 shares in the company, valued at approximately $34,574,708.60. This represents a 0.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 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 transaction of $221,184.00.
• On Wednesday, December 31st, Eric Richard Remer sold 5,326 shares of EverCommerce stock. The shares were 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 shares were 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 transaction of $261,312.00.

EverCommerce Price Performance

NASDAQ:EVCM opened at $12.19 on Wednesday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -1,217.78, a P/E/G ratio of 2.57 and a beta of 1.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a fifty day moving average of $11.18 and a 200 day moving average of $11.08. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41.

Hedge Funds Weigh In On EverCommerce

Several hedge funds have recently made changes to their positions in the business. Tudor Investment Corp ET AL boosted its holdings in EverCommerce by 200.7% in the third 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 in the last quarter. Zacks Investment Management bought a new position in EverCommerce in the third quarter worth about $418,000. Two Sigma Investments LP bought a new stake in EverCommerce during the 3rd quarter valued at approximately $371,000. BNP Paribas Financial Markets grew its holdings in shares of EverCommerce by 863.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after acquiring an additional 13,734 shares during the period. Finally, Inceptionr LLC raised its position in shares of EverCommerce by 177.6% in the 3rd quarter. Inceptionr LLC now owns 42,051 shares of the company’s stock worth $468,000 after acquiring an additional 26,902 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on EVCM shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a research report on Thursday, January 22nd. Royal Bank Of Canada downgraded EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price for the company. in a research report on Monday, January 5th. Raymond James Financial lowered EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a research note on Tuesday, October 14th. Finally, Barclays lowered their price objective on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus 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.