EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) Director Eric Richard Remer sold 21,821 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $8.98, for a total value of $195,952.58. Following the transaction, the director directly owned 5,361,696 shares of the company’s stock, valued at approximately $48,148,030.08. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Eric Richard Remer also recently made the following trade(s):
- On Thursday, August 27th, Eric Richard Remer sold 14,594 shares of EverCommerce stock. The stock was sold at an average price of $9.24, for a total value of $134,848.56.
- On Tuesday, August 25th, Eric Richard Remer sold 20,710 shares of EverCommerce stock. The shares were sold at an average price of $9.13, for a total value of $189,082.30.
- On Monday, August 24th, Eric Richard Remer sold 13,974 shares of EverCommerce stock. The shares were sold at an average price of $9.57, for a total value of $133,731.18.
- On Friday, August 21st, Eric Richard Remer sold 16,602 shares of EverCommerce stock. The stock was sold at an average price of $9.63, for a total value of $159,877.26.
- On Thursday, August 20th, Eric Richard Remer sold 26,530 shares of EverCommerce stock. The stock was sold at an average price of $9.78, for a total value of $259,463.40.
- On Wednesday, August 19th, Eric Richard Remer sold 20,913 shares of EverCommerce stock. The stock was sold at an average price of $10.17, for a total transaction of $212,685.21.
- On Tuesday, August 18th, Eric Richard Remer sold 29,119 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total transaction of $291,481.19.
- On Friday, August 14th, Eric Richard Remer sold 23,947 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total transaction of $240,188.41.
- 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 transaction 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.
EverCommerce Stock Down 1.5%
NASDAQ EVCM opened at $9.20 on Friday. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The company has a market capitalization of $1.63 billion, a P/E ratio of 51.11, a PEG ratio of 0.91 and a beta of 0.91. The company’s 50 day simple moving average is $10.47 and its 200 day simple moving average is $10.68. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 target price on shares of EverCommerce in a report on Friday, May 8th. Weiss Ratings restated a “hold (c-)” rating on shares of EverCommerce in a report on Friday, August 21st. Canaccord Genuity Group upped their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Royal Bank Of Canada decreased their target price on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a report on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Three 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. Based on data from MarketBeat, EverCommerce currently has an average rating of “Hold” and a consensus price target of $11.00.
Get Our Latest Analysis on EverCommerce
Institutional Investors Weigh In On EverCommerce
Several hedge funds have recently bought and sold shares of EVCM. California State Teachers Retirement System boosted its position in EverCommerce by 149.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,982 shares of the company’s stock worth $197,000 after acquiring an additional 1,187 shares during the period. Bank of America Corp DE acquired a new position in shares of EverCommerce in the 2nd quarter valued at about $125,000. Prudential Financial Inc. increased 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 purchasing an additional 1,190 shares during the period. Deutsche Bank AG purchased a new stake in shares of EverCommerce in the second quarter worth approximately $144,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of EverCommerce in the fourth quarter worth approximately $177,000. 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.
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