EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 10,843 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 10,843 shares of EverCommerce stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $10.45, for a total value of $113,309.35. Following the completion of the sale, the chief executive officer directly owned 2,673,175 shares in the company, valued at $27,934,678.75. This represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 value of $85,742.82.
• 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 value of $30,123.69.
• On Tuesday, February 3rd, Eric Richard Remer sold 16,403 shares of EverCommerce stock. The shares were 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 transaction 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 transaction 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 value of $66,421.00.
• On Wednesday, January 21st, Eric Richard Remer sold 6,776 shares of EverCommerce stock. The shares were sold at an average price of $12.22, for a total value 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 value 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 value of $98,817.84.

EverCommerce Price Performance

Shares of EVCM stock traded down $0.15 during mid-day trading on Thursday, reaching $10.07. The stock had a trading volume of 131,165 shares, compared to its average volume of 146,447. The company has a market cap of $1.81 billion, a P/E ratio of -1,005.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The business has a 50-day simple moving average of $11.74 and a 200 day simple moving average of $11.07.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC acquired a new stake in shares of EverCommerce during the 2nd quarter worth approximately $595,000. Arrowstreet Capital Limited Partnership grew its stake in EverCommerce by 328.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after buying an additional 547,712 shares during the last quarter. Los Angeles Capital Management LLC increased its position in EverCommerce by 136.9% in the second quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock worth $862,000 after buying an additional 47,470 shares during the period. Inceptionr LLC acquired a new stake in EverCommerce in the second quarter worth $159,000. Finally, Federated Hermes Inc. lifted its stake in EverCommerce by 118.3% in the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after buying an additional 1,667 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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