EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) Director Eric Remer sold 6,354 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $8.07, for a total transaction of $51,276.78. Following the transaction, the director owned 5,011,125 shares of the company’s stock, valued at approximately $40,439,778.75. The trade was a 0.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Eric Richard Remer also recently made the following trade(s):
- On Friday, September 4th, Eric Remer sold 2,997 shares of EverCommerce stock. The shares were sold at an average price of $8.02, for a total transaction of $24,035.94.
- On Wednesday, September 2nd, Eric Remer sold 5,313 shares of EverCommerce stock. The shares were sold at an average price of $8.03, for a total transaction of $42,663.39.
- On Tuesday, September 1st, Eric Remer sold 47,353 shares of EverCommerce stock. The stock was sold at an average price of $8.24, for a total transaction of $390,188.72.
- On Monday, August 31st, Eric Remer sold 40,906 shares of EverCommerce stock. The stock was sold at an average price of $8.91, for a total transaction of $364,472.46.
- On Friday, August 28th, Eric Remer sold 23,824 shares of EverCommerce stock. The shares were sold at an average price of $9.21, for a total transaction of $219,419.04.
- On Thursday, August 27th, Eric Remer sold 14,594 shares of EverCommerce stock. The shares were sold at an average price of $9.24, for a total transaction of $134,848.56.
- On Wednesday, August 26th, Eric Remer sold 21,821 shares of EverCommerce stock. The stock was sold at an average price of $8.98, for a total value of $195,952.58.
- On Tuesday, August 25th, Eric Remer sold 20,710 shares of EverCommerce stock. The stock was sold at an average price of $9.13, for a total value of $189,082.30.
- On Monday, August 24th, Eric Remer sold 13,974 shares of EverCommerce stock. The stock was sold at an average price of $9.57, for a total value of $133,731.18.
- On Friday, August 21st, Eric Remer sold 16,602 shares of EverCommerce stock. The shares were sold at an average price of $9.63, for a total value of $159,877.26.
EverCommerce Trading Down 0.1%
Shares of NASDAQ:EVCM traded down $0.01 during midday trading on Friday, reaching $7.92. The company’s stock had a trading volume of 162,412 shares, compared to its average volume of 145,987. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a 50 day moving average price of $10.43 and a two-hundred day moving average price of $10.63. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 44.00, a PEG ratio of 0.77 and a beta of 0.84.
Hedge Funds Weigh In On EverCommerce
Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in EverCommerce in the 2nd quarter worth about $10,724,000. CoreCap Advisors LLC bought a new stake in shares of EverCommerce during the second quarter valued at about $2,716,000. JPMorgan Chase & Co. lifted its holdings in shares of EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after buying an additional 11,996 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after buying an additional 50,854 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of EverCommerce by 111.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after acquiring an additional 34,979 shares during the period. 97.91% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research report on Thursday, August 6th. 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 report on Monday, May 11th. Royal Bank Of Canada cut their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a research note on Friday, May 8th. 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 research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.00.
View Our Latest Stock Report on EVCM
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.
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