Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells 11,490 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 11,490 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $10.52, for a total transaction of $120,874.80. Following the sale, the chief executive officer owned 2,615,886 shares of the company’s stock, valued at $27,519,120.72. This represents a 0.44% decrease in their position. The sale 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 Tuesday, February 24th, Eric Richard Remer sold 7,710 shares of EverCommerce stock. The shares were sold at an average price of $10.29, for a total transaction of $79,335.90.
• On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $90,853.35.
• On Tuesday, February 17th, Eric Richard Remer sold 11,340 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total transaction of $111,925.80.
• On Wednesday, February 11th, Eric Richard Remer sold 8,357 shares of EverCommerce stock. The shares were sold at an average price of $10.26, for a total transaction of $85,742.82.
• On Tuesday, February 10th, Eric Richard Remer sold 10,843 shares of EverCommerce stock. The stock was sold at an average price of $10.45, for a total transaction of $113,309.35.
• On Wednesday, February 4th, Eric Richard Remer sold 2,797 shares of EverCommerce stock. The shares were sold at an average price of $10.77, for a total transaction of $30,123.69.
• On Tuesday, February 3rd, Eric Richard Remer sold 16,403 shares of EverCommerce stock. The stock was sold at an average price of $10.90, for a total transaction 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 value 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 stock was sold at an average price of $12.16, for a total value of $95,358.72.

EverCommerce Stock Up 4.2%

NASDAQ EVCM traded up $0.43 during trading hours on Wednesday, hitting $10.68. 154,904 shares of the company were exchanged, compared to its average volume of 144,292. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of -1,066.93, a PEG ratio of 2.05 and a beta of 1.03. The company has a 50 day moving average of $11.57 and a two-hundred day moving average of $11.04. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41.

Analyst Upgrades and Downgrades

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

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of EVCM. Los Angeles Capital Management LLC raised its stake in EverCommerce by 136.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after acquiring an additional 47,470 shares during the last quarter. JPMorgan Chase & Co. grew its stake in EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after acquiring an additional 11,996 shares during the last quarter. American Century Companies Inc. grew its position in shares of EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after purchasing an additional 4,576 shares during the last quarter. Prudential Financial Inc. increased its position in 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 buying an additional 1,190 shares in the last quarter. Finally, Inceptionr LLC purchased a new stake in EverCommerce during the 2nd quarter worth about $159,000. Hedge funds and other institutional investors 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.