EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) Director Eric Remer sold 6,354 shares of EverCommerce stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $8.07, for a total value of $51,276.78. Following the completion of the transaction, the director directly owned 5,011,125 shares of the company’s stock, valued at $40,439,778.75. This represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Eric Richard Remer also recently made the following trade(s):
- On Friday, September 4th, Eric Remer sold 2,997 shares of EverCommerce stock. The stock was sold at an average price of $8.02, for a total value of $24,035.94.
- On Wednesday, September 2nd, Eric Remer sold 5,313 shares of EverCommerce stock. The stock was sold at an average price of $8.03, for a total value 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 value of $390,188.72.
- On Monday, August 31st, Eric Remer sold 40,906 shares of EverCommerce stock. The shares were sold at an average price of $8.91, for a total value of $364,472.46.
- On Friday, August 28th, Eric Remer sold 23,824 shares of EverCommerce stock. The stock was 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 stock was 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 transaction of $195,952.58.
- On Tuesday, August 25th, Eric Remer sold 20,710 shares of EverCommerce stock. The shares were sold at an average price of $9.13, for a total transaction of $189,082.30.
- On Monday, August 24th, Eric Remer sold 13,974 shares of EverCommerce stock. The shares were sold at an average price of $9.57, for a total transaction of $133,731.18.
- On Friday, August 21st, Eric Remer sold 16,602 shares of EverCommerce stock. The stock was sold at an average price of $9.63, for a total transaction of $159,877.26.
EverCommerce Price Performance
Shares of NASDAQ EVCM traded down $0.01 during trading hours on Friday, hitting $7.92. 162,412 shares of the stock were exchanged, compared to its average volume of 145,987. 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 company has a market cap of $1.40 billion, a PE ratio of 44.00, a price-to-earnings-growth ratio of 0.77 and a beta of 0.84. The company’s fifty day simple moving average is $10.43 and its two-hundred day simple moving average is $10.63. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41.
Institutional Trading of EverCommerce
Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its holdings in EverCommerce by 149.3% during the 2nd quarter. California State Teachers Retirement System now owns 1,982 shares of the company’s stock worth $197,000 after buying an additional 1,187 shares during the period. Bank of America Corp DE bought a new stake in shares of EverCommerce in the 2nd quarter valued at about $125,000. Prudential Financial Inc. increased its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares during the period. Deutsche Bank AG acquired a new stake in shares of EverCommerce in the second quarter valued at about $144,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of EverCommerce during the fourth quarter worth about $177,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on EVCM shares. Barclays increased their target price on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Wall Street Zen downgraded shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Weiss Ratings restated a “hold (c-)” rating on shares of EverCommerce in a research report on Friday, August 21st. Finally, Canaccord Genuity Group boosted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $11.00.
Read Our Latest Stock Report on EVCM
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.
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