Eric Richard Remer Sells 26,090 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 26,090 shares of the stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $9.50, for a total value of $247,855.00. Following the transaction, the chief executive officer owned 2,879,617 shares in the company, valued at $27,356,361.50. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, December 3rd, Eric Richard Remer sold 28,044 shares of EverCommerce stock. The shares were sold at an average price of $9.18, for a total transaction of $257,443.92.
• On Tuesday, December 2nd, Eric Richard Remer sold 4,056 shares of EverCommerce stock. The shares were sold at an average price of $9.01, for a total transaction of $36,544.56.
• On Thursday, November 13th, Eric Richard Remer sold 500 shares of EverCommerce stock. The stock was sold at an average price of $9.01, for a total value of $4,505.00.
• On Tuesday, November 11th, Eric Richard Remer sold 600 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total value of $5,430.00.
• On Wednesday, November 5th, Eric Richard Remer sold 5,666 shares of EverCommerce stock. The stock was sold at an average price of $11.37, for a total value of $64,422.42.
• On Tuesday, November 4th, Eric Richard Remer sold 13,534 shares of EverCommerce stock. The stock was sold at an average price of $11.27, for a total value of $152,528.18.
• On Wednesday, October 29th, Eric Richard Remer sold 10,643 shares of EverCommerce stock. The shares were sold at an average price of $11.77, for a total value of $125,268.11.
• On Tuesday, October 28th, Eric Richard Remer sold 8,557 shares of EverCommerce stock. The stock was sold at an average price of $12.08, for a total transaction of $103,368.56.
• On Wednesday, October 22nd, Eric Richard Remer sold 7,465 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total transaction of $85,250.30.
• On Tuesday, October 21st, Eric Richard Remer sold 11,735 shares of EverCommerce stock. The shares were sold at an average price of $11.44, for a total transaction of $134,248.40.

EverCommerce Trading Down 2.7%

EVCM traded down $0.27 during trading on Monday, hitting $9.67. 315,341 shares of the company’s stock were exchanged, compared to its average volume of 196,925. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $12.34. The stock has a 50 day moving average price of $10.21 and a 200 day moving average price of $10.59. The firm has a market cap of $1.73 billion, a P/E ratio of -966.03, a price-to-earnings-growth ratio of 5.01 and a beta of 1.07. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently made changes to their positions in EVCM. Mackenzie Financial Corp grew its position in shares of EverCommerce by 129.1% during the first quarter. Mackenzie Financial Corp now owns 26,372 shares of the company’s stock worth $266,000 after buying an additional 14,861 shares in the last quarter. Deutsche Bank AG grew its holdings in EverCommerce by 141.9% during the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock worth $99,000 after acquiring an additional 5,770 shares in the last quarter. Nuveen LLC bought a new stake in shares of EverCommerce in the 1st quarter worth about $493,000. EntryPoint Capital LLC bought a new stake in shares of EverCommerce in the 1st quarter worth about $102,000. Finally, Martingale Asset Management L P acquired a new stake in shares of EverCommerce in the 1st quarter valued at about $202,000. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVCM has been the topic of several research reports. Lake Street Capital set a $11.00 price objective on EverCommerce in a research report on Tuesday, October 14th. Barclays lowered their target price on EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a research report on Wednesday, October 8th. Zacks Research upgraded EverCommerce from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Finally, Royal Bank Of Canada dropped their price objective on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce currently has an average rating of “Hold” and an average price target of $11.00.

EverCommerce Company Profile

EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company’s solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.