EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,842 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,842 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $12.16, for a total value of $95,358.72. Following the sale, the chief executive officer owned 2,714,576 shares in the company, valued at approximately $33,009,244.16. The trade was a 0.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, January 29th, Eric Richard Remer sold 3,090 shares of EverCommerce stock. The shares were sold at an average price of $11.62, for a total value 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 Thursday, January 22nd, Eric Richard Remer sold 5,230 shares of EverCommerce stock. The stock was 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 transaction 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 value of $221,184.00.
• 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 value of $89,096.60.

EverCommerce Price Performance

EVCM stock traded down $0.07 during midday trading on Thursday, hitting $11.79. 99,225 shares of the stock were exchanged, compared to its average volume of 144,349. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of -1,177.82, a PEG ratio of 2.48 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’s 50-day moving average price is $11.26 and its 200-day moving average price is $11.08.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Raymond James Financial lowered EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Zacks Research lowered shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a report on Thursday, January 22nd. Royal Bank Of Canada lowered EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price for the company. in a report on Monday, January 5th. Finally, Barclays dropped their price objective on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $11.00.

Institutional Investors Weigh In On EverCommerce

Large investors have recently bought and sold shares of the business. Prudential Financial Inc. increased its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares during the period. Federated Hermes Inc. boosted its holdings in EverCommerce by 118.3% during the third 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. American Century Companies Inc. boosted its stake in EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after buying an additional 4,576 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of EverCommerce in the 3rd quarter worth about $91,000. Finally, R Squared Ltd bought a new stake in EverCommerce during the third quarter worth about $122,000. 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.