Eric Richard Remer Sells 28,044 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 28,044 shares of EverCommerce stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $9.18, for a total transaction of $257,443.92. Following the sale, the chief executive officer directly owned 2,919,229 shares of the company’s stock, valued at $26,798,522.22. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 2nd, Eric Richard Remer sold 4,056 shares of EverCommerce stock. The shares were sold at an average price of $9.01, for a total value of $36,544.56.
• On Thursday, November 13th, Eric Richard Remer sold 500 shares of EverCommerce stock. The shares were sold at an average price of $9.01, for a total value of $4,505.00.
• On Tuesday, November 11th, Eric Richard Remer sold 600 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total value of $5,430.00.
• On Wednesday, November 5th, Eric Richard Remer sold 5,666 shares of EverCommerce stock. The shares were sold at an average price of $11.37, for a total value of $64,422.42.
• On Tuesday, November 4th, Eric Richard Remer sold 13,534 shares of EverCommerce stock. The shares were sold at an average price of $11.27, for a total value of $152,528.18.
• On Wednesday, October 29th, Eric Richard Remer sold 10,643 shares of EverCommerce stock. The stock was sold at an average price of $11.77, for a total value of $125,268.11.
• On Tuesday, October 28th, Eric Richard Remer sold 8,557 shares of EverCommerce stock. The stock was sold at an average price of $12.08, for a total value of $103,368.56.
• On Wednesday, October 22nd, Eric Richard Remer sold 7,465 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total transaction of $85,250.30.
• On Tuesday, October 21st, Eric Richard Remer sold 11,735 shares of EverCommerce stock. The stock was sold at an average price of $11.44, for a total transaction of $134,248.40.
• On Tuesday, October 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.86, for a total transaction of $208,512.00.

EverCommerce Trading Up 4.0%

Shares of EVCM stock traded up $0.37 on Thursday, hitting $9.69. 325,267 shares of the company’s stock traded hands, compared to its average volume of 196,223. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -968.03, a P/E/G ratio of 4.47 and a beta of 1.07. The company’s fifty day simple moving average is $10.27 and its 200 day simple moving average is $10.59. EverCommerce Inc. has a one year low of $7.66 and a one year high of $12.34. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $13.00 price objective (up previously from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. Lake Street Capital set a $11.00 price target on EverCommerce in a research note on Tuesday, October 14th. Zacks Research raised EverCommerce from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 13th. Royal Bank Of Canada cut their target price on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Institutional Investors Weigh In On EverCommerce

A number of large investors have recently modified their holdings of EVCM. Federated Hermes Inc. raised its stake in EverCommerce by 118.3% in the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after buying an additional 1,667 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in EverCommerce during the 3rd quarter valued at approximately $91,000. Deutsche Bank AG grew its holdings in shares of EverCommerce by 141.9% during the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock worth $99,000 after acquiring an additional 5,770 shares during the period. EntryPoint Capital LLC purchased a new position in shares of EverCommerce during the 1st quarter worth approximately $102,000. Finally, R Squared Ltd bought a new position in shares of EverCommerce in the 3rd quarter worth approximately $122,000. Institutional investors own 97.91% of the company’s stock.

About EverCommerce

EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company’s solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.