Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells $221,184.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 19,200 shares of the firm’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $11.52, for a total value of $221,184.00. Following the transaction, the chief executive officer owned 2,760,818 shares in the company, valued at approximately $31,804,623.36. This represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, December 31st, Eric Richard Remer sold 5,326 shares of EverCommerce stock. The stock was sold at an average price of $12.07, for a total transaction of $64,284.82.
• On Tuesday, December 30th, Eric Richard Remer sold 7,303 shares of EverCommerce stock. The shares were sold at an average price of $12.20, for a total transaction of $89,096.60.
• On Monday, December 29th, Eric Richard Remer sold 6,571 shares of EverCommerce stock. The stock was sold at an average price of $12.11, for a total transaction of $79,574.81.
• On Monday, December 22nd, Eric Richard Remer sold 10,717 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total transaction of $129,247.02.
• On Tuesday, December 16th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $13.61, for a total transaction of $261,312.00.
• On Wednesday, December 10th, Eric Richard Remer sold 4,004 shares of EverCommerce stock. The shares were sold at an average price of $9.99, for a total value of $39,999.96.
• On Tuesday, December 9th, Eric Richard Remer sold 32,706 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $322,808.22.
• On Thursday, December 4th, Eric Richard Remer sold 26,090 shares of EverCommerce stock. The stock was sold at an average price of $9.50, for a total value of $247,855.00.
• On Wednesday, December 3rd, Eric Richard Remer sold 28,044 shares of EverCommerce stock. The shares were sold at an average price of $9.18, for a total value of $257,443.92.
• On Tuesday, December 2nd, Eric Richard Remer sold 4,056 shares of EverCommerce stock. The stock was sold at an average price of $9.01, for a total transaction of $36,544.56.

EverCommerce Stock Down 0.6%

Shares of NASDAQ:EVCM traded down $0.07 during trading on Thursday, reaching $12.07. The stock had a trading volume of 145,979 shares, compared to its average volume of 231,696. The firm’s 50-day simple moving average is $10.48 and its 200 day simple moving average is $10.90. 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 one year low of $7.66 and a one year high of $14.41. The company has a market capitalization of $2.16 billion, a P/E ratio of -1,205.79, a PEG ratio of 2.41 and a beta of 1.03.

Hedge Funds Weigh In On EverCommerce

Hedge funds and other institutional investors have recently bought and sold shares of the business. Prudential Financial Inc. lifted its stake in EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after acquiring an additional 1,190 shares during the period. Federated Hermes Inc. raised its holdings 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 last quarter. American Century Companies Inc. raised its holdings in shares of EverCommerce by 19.8% during the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after purchasing an additional 4,576 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in EverCommerce during the third quarter valued at $91,000. Finally, R Squared Ltd purchased a new stake in EverCommerce in the third quarter valued at $122,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Raymond James Financial lowered EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Royal Bank Of Canada downgraded shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price objective on the stock. in a report on Monday. Finally, Barclays lowered their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, November 10th. Two 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target 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.