EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) Director Eric Richard Remer sold 47,353 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $8.24, for a total value of $390,188.72. Following the completion of the sale, the director directly owned 5,022,792 shares of the company’s stock, valued at approximately $41,387,806.08. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Eric Richard Remer also recently made the following trade(s):
- On Monday, August 31st, Eric Richard Remer sold 40,906 shares of EverCommerce stock. The stock was sold at an average price of $8.91, for a total value of $364,472.46.
- On Friday, August 28th, Eric Richard Remer sold 23,824 shares of EverCommerce stock. The stock was sold at an average price of $9.21, for a total value of $219,419.04.
- On Thursday, August 27th, Eric Richard Remer sold 14,594 shares of EverCommerce stock. The shares were sold at an average price of $9.24, for a total value of $134,848.56.
- On Wednesday, August 26th, Eric Richard Remer sold 21,821 shares of EverCommerce stock. The shares were sold at an average price of $8.98, for a total value of $195,952.58.
- On Tuesday, August 25th, Eric Richard Remer sold 20,710 shares of EverCommerce stock. The stock was sold at an average price of $9.13, for a total transaction of $189,082.30.
- On Monday, August 24th, Eric Richard Remer sold 13,974 shares of EverCommerce stock. The shares were sold at an average price of $9.57, for a total transaction of $133,731.18.
- 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 stock was sold at an average price of $9.78, for a total transaction 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 transaction 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.
EverCommerce Stock Performance
Shares of NASDAQ:EVCM traded down $0.80 on Tuesday, reaching $8.07. The company’s stock had a trading volume of 221,206 shares, compared to its average volume of 145,913. The stock’s 50-day moving average is $10.47 and its two-hundred day moving average is $10.68. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The stock has a market capitalization of $1.43 billion, a P/E ratio of 44.83, a PEG ratio of 0.90 and a beta of 0.91.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on EVCM shares. Royal Bank Of Canada dropped their target price on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. Canaccord Genuity Group lifted 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. Weiss Ratings reissued a “hold (c-)” rating on shares of EverCommerce in a research note on Friday, August 21st. Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Finally, Barclays raised their target price on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, EverCommerce currently has an average rating of “Hold” and a consensus price target of $11.00.
View Our Latest Research Report on EverCommerce
Institutional Investors Weigh In On EverCommerce
A number of hedge funds and other institutional investors have recently bought and sold shares of EVCM. California State Teachers Retirement System grew its stake in shares of EverCommerce by 149.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,982 shares of the company’s stock worth $197,000 after purchasing an additional 1,187 shares during the period. Bank of America Corp DE purchased a new position in shares of EverCommerce in the 2nd quarter valued at about $125,000. BlackRock Inc. acquired a new stake in shares of EverCommerce in the second quarter valued at about $10,724,000. Deutsche Bank AG acquired a new stake in shares of EverCommerce in the second quarter valued at about $144,000. Finally, Bank of New York Mellon Corp purchased a new stake in EverCommerce during the second quarter worth about $324,000. Institutional investors and hedge funds own 97.91% of the company’s stock.
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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