EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) Director Eric Richard Remer sold 23,947 shares of EverCommerce stock in a transaction on Friday, August 14th. The shares were sold at an average price of $10.03, for a total value of $240,188.41. Following the completion of the sale, the director directly owned 5,511,365 shares of the company’s stock, valued at $55,278,990.95. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Eric Richard Remer also recently made the following trade(s):
- 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 value of $291,481.19.
- 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 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 shares were 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 stock was sold at an average price of $11.83, for a total transaction 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.
- On Wednesday, July 29th, Eric Richard Remer sold 8,709 shares of EverCommerce stock. The stock was 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 stock was sold at an average price of $12.07, for a total value of $126,626.37.
- On Tuesday, July 21st, Eric Richard Remer sold 12,100 shares of EverCommerce stock. The shares were sold at an average price of $11.27, for a total value of $136,367.00.
- On Tuesday, July 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.77, for a total value of $206,784.00.
EverCommerce Price Performance
EVCM stock opened at $9.98 on Wednesday. The business’s 50-day moving average is $10.41 and its two-hundred day moving average is $10.79. 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 firm has a market capitalization of $1.76 billion, a P/E ratio of 55.44, a P/E/G ratio of 0.99 and a beta of 0.91. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41.
Institutional Investors Weigh In On EverCommerce
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new stake in EverCommerce in the second quarter valued at $125,000. Prudential Financial Inc. grew its holdings in shares of EverCommerce by 9.6% during 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 last quarter. Deutsche Bank AG purchased a new position in shares of EverCommerce during the second quarter worth about $144,000. Oxford Asset Management LLP acquired a new stake in shares of EverCommerce during the second quarter worth about $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 institutional investors and hedge funds.
Analysts Set New Price Targets
EVCM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Wall Street Zen lowered EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Weiss Ratings cut EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Barclays lifted their price target on EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Finally, Canaccord Genuity Group increased their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, EverCommerce currently has an average rating of “Hold” and a consensus target price of $11.00.
Get Our Latest Stock Analysis on EVCM
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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