EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 10,843 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,843 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $10.45, for a total value of $113,309.35. Following the completion of the sale, the chief executive officer directly owned 2,673,175 shares of the company’s stock, valued at approximately $27,934,678.75. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, February 11th, Eric Richard Remer sold 8,357 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total value of $85,742.82.
• On Wednesday, February 4th, Eric Richard Remer sold 2,797 shares of EverCommerce stock. The stock was sold at an average price of $10.77, for a total value of $30,123.69.
• On Tuesday, February 3rd, Eric Richard Remer sold 16,403 shares of EverCommerce stock. The shares were sold at an average price of $10.90, for a total value of $178,792.70.
• 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 transaction of $35,905.80.
• On Wednesday, January 28th, Eric Richard Remer sold 8,268 shares of EverCommerce stock. The shares were sold at an average price of $11.95, for a total value of $98,802.60.
• On Tuesday, January 27th, Eric Richard Remer sold 7,842 shares of EverCommerce stock. The shares were sold at an average price of $12.16, for a total transaction 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 value of $88,198.44.
• On Wednesday, January 14th, Eric Richard Remer sold 8,318 shares of EverCommerce stock. The shares were sold at an average price of $11.88, for a total value of $98,817.84.

EverCommerce Stock Down 1.5%

EverCommerce stock opened at $10.07 on Friday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71. The firm’s fifty day moving average price is $11.75 and its two-hundred day moving average price is $11.07. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of -1,005.99, a price-to-earnings-growth ratio of 2.08 and a beta of 1.03. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EVCM. Raymond James Financial cut EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Royal Bank Of Canada lowered EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price objective on the stock. in a research report on Monday, January 5th. Barclays cut their price objective on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a research report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, EverCommerce presently has an average rating of “Reduce” and a consensus price target of $11.00.

Institutional Trading of EverCommerce

A number of hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in EverCommerce in the 2nd quarter worth $595,000. Arrowstreet Capital Limited Partnership increased its stake in shares of EverCommerce by 328.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after acquiring an additional 547,712 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of EverCommerce by 136.9% in the second quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after purchasing an additional 47,470 shares during the period. Inceptionr LLC purchased a new position in shares of EverCommerce during the 2nd quarter worth approximately $159,000. Finally, Prudential Financial Inc. raised its holdings in shares of 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 buying an additional 1,190 shares during the period. 97.91% of the stock is 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.