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

by · The Markets Daily

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 stock was sold at an average price of $10.29, for a total value of $79,335.90. Following the completion of the sale, the chief executive officer directly owned 2,627,376 shares in the company, valued at approximately $27,035,699.04. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, February 25th, Eric Richard Remer sold 11,490 shares of EverCommerce stock. The shares were sold at an average price of $10.52, for a total value of $120,874.80.
  • On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The shares were 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 stock was 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 shares were sold at an average price of $10.26, for a total value 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 value of $113,309.35.
  • On Wednesday, February 4th, Eric Richard Remer sold 2,797 shares of EverCommerce stock. The stock was 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 shares were 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 stock was 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 shares were sold at an average price of $12.16, for a total transaction of $95,358.72.

EverCommerce Price Performance

Shares of NASDAQ EVCM opened at $11.50 on Friday. The firm has a market cap of $2.06 billion, a P/E ratio of -1,148.85, a PEG ratio of 2.17 and a beta of 1.03. EverCommerce Inc. has a twelve month low of $7.66 and a twelve 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. The company has a 50 day moving average of $11.51 and a 200 day moving average of $11.04.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its holdings in EverCommerce by 5.1% during the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after purchasing an additional 1,101 shares during the period. Prudential Financial Inc. lifted its position in shares of 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 buying an additional 1,190 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after acquiring an additional 1,667 shares during the period. American Century Companies Inc. increased its holdings in EverCommerce by 19.8% in the 2nd 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, Wells Fargo & Company MN increased its holdings in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after acquiring an additional 7,085 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on EverCommerce

About EverCommerce

(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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