Eric Richard Remer Sells 8,268 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,268 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $11.95, for a total value of $98,802.60. Following the sale, the chief executive officer directly owned 2,706,308 shares in the company, valued at $32,340,380.60. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, January 29th, Eric Richard Remer sold 3,090 shares of EverCommerce stock. The shares were sold at an average price of $11.62, for a total value of $35,905.80.
• On Tuesday, January 27th, Eric Richard Remer sold 7,842 shares of EverCommerce stock. The stock was sold at an average price of $12.16, for a total value of $95,358.72.
• On Thursday, January 22nd, Eric Richard Remer sold 5,230 shares of EverCommerce stock. The shares were sold at an average price of $12.70, for a total value of $66,421.00.
• On Wednesday, January 21st, Eric Richard Remer sold 6,776 shares of EverCommerce stock. The shares were sold at an average price of $12.22, for a total transaction of $82,802.72.
• On Tuesday, January 20th, Eric Richard Remer sold 7,194 shares of EverCommerce stock. The shares were sold at an average price of $12.26, for a total transaction of $88,198.44.
• On Wednesday, January 14th, Eric Richard Remer sold 8,318 shares of EverCommerce stock. The stock was sold at an average price of $11.88, for a total transaction of $98,817.84.
• On Tuesday, January 13th, Eric Richard Remer sold 10,882 shares of EverCommerce stock. The stock was sold at an average price of $11.82, for a total transaction of $128,625.24.
• On Tuesday, January 6th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $11.52, for a total value of $221,184.00.
• On Wednesday, December 31st, Eric Richard Remer sold 5,326 shares of EverCommerce stock. The shares were sold at an average price of $12.07, for a total value of $64,284.82.
• On Tuesday, December 30th, Eric Richard Remer sold 7,303 shares of EverCommerce stock. The stock was sold at an average price of $12.20, for a total value of $89,096.60.

EverCommerce Trading Up 2.2%

NASDAQ:EVCM opened at $12.05 on Friday. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The stock has a market cap of $2.16 billion, a P/E ratio of -1,203.80, a P/E/G ratio of 2.40 and a beta of 1.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a 50-day simple moving average of $11.40 and a 200-day simple moving average of $11.10.

Hedge Funds Weigh In On EverCommerce

Several institutional investors have recently added to or reduced their stakes in EVCM. Tudor Investment Corp ET AL raised its stake in EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after acquiring an additional 83,794 shares during the last quarter. Zacks Investment Management acquired a new position in shares of EverCommerce in the third quarter valued at approximately $418,000. Two Sigma Investments LP purchased a new stake in shares of EverCommerce during the third quarter worth approximately $371,000. BNP Paribas Financial Markets raised its stake 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 during the last quarter. Finally, Inceptionr LLC lifted its holdings in shares of EverCommerce by 177.6% during the third quarter. Inceptionr LLC now owns 42,051 shares of the company’s stock worth $468,000 after purchasing an additional 26,902 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Barclays reduced their price target on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, November 10th. Raymond James Financial lowered EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a research report on Thursday, January 22nd. Finally, Lake Street Capital set a $11.00 target price on EverCommerce in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $11.00.

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.