EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) Director Eric Richard Remer sold 20,913 shares of EverCommerce stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $10.17, for a total value of $212,685.21. Following the completion of the sale, the director owned 5,461,333 shares of the company’s stock, valued at $55,541,756.61. The trade was a 0.38% 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 Thursday, August 20th, Eric Richard Remer sold 26,530 shares of EverCommerce stock. The shares were sold at an average price of $9.78, for a total transaction of $259,463.40.
- On Tuesday, August 18th, Eric Richard Remer sold 29,119 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total transaction of $291,481.19.
- On Friday, August 14th, Eric Richard Remer sold 23,947 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total transaction of $240,188.41.
- On Thursday, August 13th, Eric Richard Remer sold 17,285 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total transaction of $172,850.00.
- On Wednesday, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $244,795.74.
- On Tuesday, August 11th, Eric Richard Remer sold 25,252 shares of EverCommerce stock. The stock was sold at an average price of $9.89, for a total transaction of $249,742.28.
- On Wednesday, August 5th, Eric Richard Remer sold 5,757 shares of EverCommerce stock. The shares were sold at an average price of $11.83, for a total value of $68,105.31.
- On Tuesday, August 4th, Eric Richard Remer sold 13,443 shares of EverCommerce stock. The stock was sold at an average price of $11.85, for a total value of $159,299.55.
- On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The shares were sold at an average price of $11.97, for a total transaction of $104,246.73.
- On Tuesday, July 28th, Eric Richard Remer sold 10,491 shares of EverCommerce stock. The shares were sold at an average price of $12.07, for a total transaction of $126,626.37.
EverCommerce Price Performance
Shares of EverCommerce stock opened at $9.64 on Friday. The stock’s fifty day moving average is $10.44 and its 200 day moving average is $10.75. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The stock has a market cap of $1.70 billion, a P/E ratio of 53.56, a P/E/G ratio of 0.94 and a beta of 0.91.
Institutional Investors Weigh In On EverCommerce
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in EverCommerce in the 2nd quarter worth about $10,724,000. CoreCap Advisors LLC purchased a new position in EverCommerce in the 2nd quarter worth about $2,716,000. Goldman Sachs Group Inc. increased its stake in EverCommerce by 94.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after buying an additional 50,854 shares during the period. Lazard Asset Management LLC grew its stake in EverCommerce by 5,995.2% in the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after purchasing an additional 49,041 shares in the last quarter. Finally, Zacks Investment Management bought a new position in EverCommerce in the third quarter worth approximately $418,000. 97.91% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
EVCM has been the subject of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. Canaccord Genuity Group raised their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Barclays lifted their target price on EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings cut shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.00.
Get Our Latest Report on EverCommerce
EverCommerce Company Profile
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.
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