Eric Richard Remer Sells 3,090 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 3,090 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was sold at an average price of $11.62, for a total value of $35,905.80. Following the completion of the sale, the chief executive officer owned 2,703,218 shares of the company’s stock, valued at approximately $31,411,393.16. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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.
• 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 transaction of $66,421.00.
• On Wednesday, January 21st, Eric Richard Remer sold 6,776 shares of EverCommerce stock. The stock was 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 stock was 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 shares were 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 shares were 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 stock was sold at an average price of $11.52, for a total transaction 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 Stock Down 0.6%

Shares of NASDAQ:EVCM traded down $0.07 during trading on Thursday, hitting $11.79. The stock had a trading volume of 99,225 shares, compared to its average volume of 144,349. 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 company has a market capitalization of $2.11 billion, a PE ratio of -1,177.82, a PEG ratio of 2.48 and a beta of 1.03. The firm’s fifty day moving average is $11.26 and its 200 day moving average is $11.08. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41.

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL lifted its holdings in shares of EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after buying an additional 83,794 shares in the last quarter. Zacks Investment Management purchased a new stake in EverCommerce in the 3rd quarter worth $418,000. Two Sigma Investments LP purchased a new stake in EverCommerce in the 3rd quarter worth $371,000. BNP Paribas Financial Markets boosted its stake in EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after buying an additional 13,734 shares during the last quarter. Finally, Inceptionr LLC increased its stake in EverCommerce by 177.6% in the 3rd quarter. Inceptionr LLC now owns 42,051 shares of the company’s stock worth $468,000 after acquiring an additional 26,902 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

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.