EverCommerce (NASDAQ:EVCM) CEO Eric Richard Remer Sells 8,318 Shares

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) CEO Eric Richard Remer sold 8,318 shares of EverCommerce stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $11.88, for a total transaction of $98,817.84. Following the sale, the chief executive officer directly owned 2,741,618 shares in the company, valued at $32,570,421.84. This trade represents a 0.30% decrease in their ownership of the stock. The sale 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, January 13th, Eric Richard Remer sold 10,882 shares of EverCommerce stock. The stock was sold at an average price of $11.82, for a total transaction of $128,625.24.
  • On Tuesday, January 6th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total transaction of $221,184.00.
  • 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 value of $64,284.82.
  • On Tuesday, December 30th, Eric Richard Remer sold 7,303 shares of EverCommerce stock. The stock was 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 shares were 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 stock was 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 shares were 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.

EverCommerce Trading Up 3.1%

Shares of EverCommerce stock opened at $12.41 on Friday. The stock has a market capitalization of $2.23 billion, a PE ratio of -1,239.76, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41. The stock has a 50 day moving average price of $10.55 and a two-hundred day moving average price of $10.97. 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 Ratings Changes

EVCM has been the topic of a number of analyst reports. Barclays cut their price objective on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Lake Street Capital set a $11.00 price objective on shares of EverCommerce in a report on Tuesday, October 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. Raymond James Financial lowered EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Zacks Research lowered shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $11.00.

Check Out Our Latest Analysis on EVCM

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EVCM. Kingstone Capital Partners Texas LLC bought a new stake in EverCommerce in the second quarter valued at $5,039,000. Los Angeles Capital Management LLC lifted its holdings in shares of EverCommerce by 136.9% during the second quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after purchasing an additional 47,470 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after purchasing an additional 11,996 shares in the last quarter. American Century Companies Inc. boosted its holdings in EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after acquiring an additional 4,576 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

EverCommerce Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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