EverCommerce (NASDAQ:EVCM) CEO Sells $64,284.82 in Stock

by · The Cerbat Gem

EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 5,326 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $12.07, for a total value of $64,284.82. Following the completion of the sale, the chief executive officer directly owned 2,780,018 shares of the company’s stock, valued at $33,554,817.26. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • 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 value 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 value 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 value 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 transaction 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 transaction of $322,808.22.
  • On Thursday, December 4th, Eric Richard Remer sold 26,090 shares of EverCommerce stock. The shares were sold at an average price of $9.50, for a total transaction of $247,855.00.
  • On Wednesday, December 3rd, Eric Richard Remer sold 28,044 shares of EverCommerce stock. The stock was sold at an average price of $9.18, for a total transaction of $257,443.92.
  • On Tuesday, December 2nd, Eric Richard Remer sold 4,056 shares of EverCommerce stock. The stock was sold at an average price of $9.01, for a total transaction 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 transaction of $4,505.00.

EverCommerce Stock Down 0.2%

EVCM stock traded down $0.03 during mid-day trading on Wednesday, reaching $12.11. 87,360 shares of the company traded hands, compared to its average volume of 206,601. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -1,209.79, a P/E/G ratio of 6.15 and a beta of 1.07. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The firm’s 50 day moving average price is $10.46 and its 200 day moving average price is $10.81. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71.

Analyst Ratings Changes

EVCM has been the subject of several recent analyst reports. Barclays reduced their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, November 10th. Royal Bank Of Canada reduced their price objective on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Finally, Lake Street Capital set a $11.00 price target on EverCommerce in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, EverCommerce has a consensus rating of “Hold” and a consensus target price of $11.00.

View Our Latest Analysis on EverCommerce

Institutional Investors Weigh In On EverCommerce

Several large investors have recently added to or reduced their stakes in EVCM. Arrowstreet Capital Limited Partnership lifted its holdings in EverCommerce by 328.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock valued at $7,502,000 after purchasing an additional 547,712 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in EverCommerce during the 2nd quarter valued at $5,039,000. Tudor Investment Corp ET AL lifted its position in shares of EverCommerce by 200.7% during the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after acquiring an additional 83,794 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of EverCommerce in the second quarter worth $595,000. Finally, Lazard Asset Management LLC grew its position in shares of EverCommerce by 5,995.2% in the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after purchasing an additional 49,041 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.

Featured Stories