Eric Richard Remer Sells 32,706 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 32,706 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $9.87, for a total transaction of $322,808.22. Following the sale, the chief executive officer directly owned 2,833,139 shares in the company, valued at $27,963,081.93. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, December 10th, Eric Richard Remer sold 4,004 shares of EverCommerce stock. The stock was sold at an average price of $9.99, for a total transaction of $39,999.96.
• 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.
• On Wednesday, December 3rd, Eric Richard Remer sold 28,044 shares of EverCommerce stock. The shares were sold at an average price of $9.18, for a total value 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 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 shares were 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 stock was 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 stock was 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 shares were sold at an average price of $11.77, for a total transaction 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 transaction of $103,368.56.

EverCommerce Trading Up 4.0%

Shares of EVCM traded up $0.40 on Wednesday, reaching $10.37. 392,012 shares of the company’s stock were exchanged, compared to its average volume of 283,404. The business has a 50 day moving average price of $10.14 and a two-hundred day moving average price of $10.59. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $12.34. The stock has a market capitalization of $1.86 billion, a P/E ratio of -1,035.96, a price-to-earnings-growth ratio of 5.02 and a beta of 1.07. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Zacks Research raised EverCommerce from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. Barclays cut their target price on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. Royal Bank Of Canada decreased their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, November 7th. Finally, Lake Street Capital set a $11.00 price target on shares of EverCommerce in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Woodline Partners LP increased its stake in EverCommerce by 4.7% during the 1st quarter. Woodline Partners LP now owns 560,506 shares of the company’s stock worth $5,650,000 after purchasing an additional 25,412 shares in the last quarter. Nuveen LLC acquired a new position in shares of EverCommerce in the first quarter valued at approximately $493,000. Los Angeles Capital Management LLC increased its position 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 worth $862,000 after acquiring an additional 47,470 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of EverCommerce during the second quarter worth $5,039,000. Finally, Inceptionr LLC bought a new stake in EverCommerce in the 2nd quarter valued at $159,000. 97.91% of the stock is owned by institutional investors and hedge funds.

EverCommerce Company Profile

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.