EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) Director Eric Richard Remer sold 13,974 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $9.57, for a total transaction of $133,731.18. Following the completion of the transaction, the director owned 5,404,227 shares in the company, valued at $51,718,452.39. This represents a 0.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Eric Richard Remer also recently made the following trade(s):
- On Friday, August 21st, Eric Richard Remer sold 16,602 shares of EverCommerce stock. The shares were sold at an average price of $9.63, for a total transaction of $159,877.26.
- 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 value of $259,463.40.
- On Wednesday, August 19th, Eric Richard Remer sold 20,913 shares of EverCommerce stock. The stock was sold at an average price of $10.17, for a total value of $212,685.21.
- On Tuesday, August 18th, Eric Richard Remer sold 29,119 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $10.00, for a total value of $172,850.00.
- On Wednesday, August 12th, Eric Richard Remer sold 24,802 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $9.89, for a total value of $249,742.28.
- On Wednesday, August 5th, Eric Richard Remer sold 5,757 shares of EverCommerce stock. The stock was 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 transaction of $159,299.55.
EverCommerce Stock Performance
Shares of EverCommerce stock traded down $0.09 during mid-day trading on Monday, hitting $9.55. 82,111 shares of the stock were exchanged, compared to its average volume of 141,112. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The company has a 50-day simple moving average of $10.45 and a 200 day simple moving average of $10.73. 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 company has a market capitalization of $1.69 billion, a P/E ratio of 53.06, a P/E/G ratio of 0.94 and a beta of 0.91.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada cut their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. Weiss Ratings downgraded EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Barclays raised their target price on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Canaccord Genuity Group upped their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, EverCommerce presently has an average rating of “Hold” and an average price target of $11.00.
Check Out Our Latest Analysis on EVCM
Institutional Investors Weigh In On EverCommerce
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVCM. Bank of America Corp DE acquired a new position in shares of EverCommerce during the 2nd quarter valued at about $125,000. Prudential Financial Inc. raised its position in 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 purchasing an additional 1,190 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of EverCommerce during the 2nd quarter worth $144,000. Oxford Asset Management LLP acquired a new position in EverCommerce in the second quarter valued at approximately $168,000. Finally, BNP Paribas Financial Markets increased its position in shares of EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after purchasing an additional 13,734 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other 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.
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