EverCommerce (NASDAQ:EVCM) CEO Sells $79,335.90 in Stock

by · The Cerbat Gem

EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 7,710 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $10.29, for a total transaction of $79,335.90. Following the sale, the chief executive officer owned 2,627,376 shares in the company, valued at $27,035,699.04. This represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $90,853.35.
  • On Tuesday, February 17th, Eric Richard Remer sold 11,340 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $111,925.80.
  • 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 transaction of $85,742.82.
  • On Tuesday, February 10th, Eric Richard Remer sold 10,843 shares of EverCommerce stock. The stock was sold at an average price of $10.45, for a total transaction of $113,309.35.
  • 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 transaction of $30,123.69.
  • On Tuesday, February 3rd, Eric Richard Remer sold 16,403 shares of EverCommerce stock. The stock was sold at an average price of $10.90, for a total transaction of $178,792.70.
  • On Thursday, January 29th, Eric Richard Remer sold 3,090 shares of EverCommerce stock. The shares were 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 shares were 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 stock was sold at an average price of $12.16, for a total value 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.

EverCommerce Stock Up 3.8%

Shares of EVCM traded up $0.38 during midday trading on Tuesday, reaching $10.44. 110,538 shares of the stock were exchanged, compared to its average volume of 143,998. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -1,042.96, a P/E/G ratio of 2.10 and a beta of 1.03. The firm has a 50 day simple moving average of $11.63 and a 200-day simple moving average of $11.04. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its position in shares of EverCommerce by 328.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock valued at $7,502,000 after acquiring an additional 547,712 shares during the period. Tudor Investment Corp ET AL grew its position in EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after purchasing an additional 83,794 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of EverCommerce during the 2nd quarter worth about $595,000. Goldman Sachs Group Inc. raised its position in shares of EverCommerce by 94.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after buying an additional 50,854 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after buying an additional 49,041 shares during the last quarter. 97.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

EVCM has been the topic of several analyst reports. Zacks Research lowered shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Raymond James Financial cut shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a report on Thursday, January 22nd. Royal Bank Of Canada downgraded EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price target for the company. in a research note on Monday, January 5th. Finally, Barclays cut their price objective on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, EverCommerce currently has an average rating of “Reduce” and an average price target of $11.00.

Read Our Latest Research Report on EverCommerce

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.

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