EverCommerce (NASDAQ:EVCM) CEO Sells $79,335.90 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,710 shares of EverCommerce stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $10.29, for a total transaction of $79,335.90. Following the completion of the transaction, the chief executive officer directly owned 2,627,376 shares of the company’s stock, valued at approximately $27,035,699.04. This represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction 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 stock was 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 shares were sold at an average price of $10.45, for a total value of $113,309.35.
• 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $12.70, for a total transaction of $66,421.00.

EverCommerce Stock Performance

NASDAQ:EVCM traded up $0.38 during mid-day trading on Tuesday, hitting $10.44. The stock had a trading volume of 110,538 shares, compared to its average volume of 143,998. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41. 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 stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of -1,042.96, a P/E/G ratio of 2.10 and a beta of 1.03. The company has a 50 day simple moving average of $11.63 and a 200-day simple moving average of $11.04.

Institutional Investors Weigh In On EverCommerce

Several large investors have recently modified their holdings of the stock. Federated Hermes Inc. raised its position in shares of EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after purchasing an additional 1,667 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of EverCommerce in the 3rd quarter valued at $91,000. R Squared Ltd purchased a new position in EverCommerce in the 3rd quarter worth about $122,000. Prudential Financial Inc. raised its holdings in EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after buying an additional 1,190 shares during the period. Finally, Inceptionr LLC purchased a new stake in EverCommerce during the second quarter valued at about $159,000. 97.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EVCM has been the subject of a number of analyst reports. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Royal Bank Of Canada lowered shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price 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 on the stock in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a research note on Thursday, January 22nd. Finally, Raymond James Financial lowered shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $11.00.

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.