EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 11,735 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $11.44, for a total value of $134,248.40. Following the completion of the sale, the chief executive officer owned 3,019,389 shares in the company, valued at approximately $34,541,810.16. This trade represents a 0.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Eric Richard Remer also recently made the following trade(s):
- On Wednesday, October 22nd, Eric Richard Remer sold 7,465 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total value of $85,250.30.
- On Tuesday, October 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.86, for a total value of $208,512.00.
- On Tuesday, October 7th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $11.05, for a total value of $212,160.00.
- On Wednesday, October 1st, Eric Richard Remer sold 4,536 shares of EverCommerce stock. The stock was sold at an average price of $11.02, for a total value of $49,986.72.
- On Tuesday, September 30th, Eric Richard Remer sold 14,664 shares of EverCommerce stock. The stock was sold at an average price of $11.13, for a total value of $163,210.32.
- On Wednesday, September 24th, Eric Richard Remer sold 428 shares of EverCommerce stock. The stock was sold at an average price of $11.65, for a total value of $4,986.20.
- On Tuesday, September 23rd, Eric Richard Remer sold 18,772 shares of EverCommerce stock. The stock was sold at an average price of $11.71, for a total value of $219,820.12.
- On Wednesday, September 17th, Eric Richard Remer sold 4,131 shares of EverCommerce stock. The stock was sold at an average price of $11.86, for a total value of $48,993.66.
- On Tuesday, September 16th, Eric Richard Remer sold 15,069 shares of EverCommerce stock. The stock was sold at an average price of $11.85, for a total value of $178,567.65.
- On Wednesday, September 3rd, Eric Richard Remer sold 4,079 shares of EverCommerce stock. The stock was sold at an average price of $11.13, for a total value of $45,399.27.
EverCommerce Stock Up 2.0%
EVCM stock opened at $11.78 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.37 and a quick ratio of 2.37. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -98.16, a PEG ratio of 6.79 and a beta of 1.05. The business’s fifty day moving average price is $11.37 and its two-hundred day moving average price is $10.72. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.34.
Institutional Trading of EverCommerce
A number of hedge funds have recently made changes to their positions in EVCM. SG Americas Securities LLC boosted its stake in shares of EverCommerce by 220.6% during the first quarter. SG Americas Securities LLC now owns 29,886 shares of the company’s stock valued at $301,000 after purchasing an additional 20,563 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of EverCommerce by 129.1% during the first quarter. Mackenzie Financial Corp now owns 26,372 shares of the company’s stock valued at $266,000 after purchasing an additional 14,861 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of EverCommerce by 141.9% during 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 in the last quarter. Nuveen LLC acquired a new stake in shares of EverCommerce during the first quarter valued at about $493,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of EverCommerce during the first quarter valued at about $102,000. 97.91% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
EVCM has been the topic of a number of recent analyst reports. Oppenheimer restated an “outperform” rating and issued a $13.00 price target (up previously from $12.00) on shares of EverCommerce in a research report on Thursday, August 7th. Piper Sandler lifted their target price on EverCommerce from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Zacks Research cut EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Barclays cut EverCommerce from an “overweight” rating to an “equal weight” rating and set a $11.00 target price on the stock. in a research report on Tuesday, October 14th. Finally, Lake Street Capital set a $11.00 target price on EverCommerce in a research report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce currently has a consensus rating of “Hold” and an average price target of $11.44.
Read Our Latest Stock Analysis on EVCM
EverCommerce Company Profile
EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company’s solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.
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