Eric Richard Remer Sells 4,004 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 4,004 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $9.99, for a total value of $39,999.96. Following the completion of the sale, the chief executive officer owned 2,829,135 shares in the company, valued at approximately $28,263,058.65. This represents a 0.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 stock was 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 shares were 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 value of $4,505.00.
• On Tuesday, November 11th, Eric Richard Remer sold 600 shares of EverCommerce stock. The stock was 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 shares were 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 value 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 Price Performance

NASDAQ:EVCM traded up $0.40 during trading hours on Wednesday, reaching $10.37. 392,012 shares of the company were exchanged, compared to its average volume of 283,404. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.86 billion, a PE ratio of -1,035.96, a price-to-earnings-growth ratio of 5.02 and a beta of 1.07. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $12.34. The stock’s 50-day moving average is $10.14 and its 200-day moving average is $10.59.

Hedge Funds Weigh In On EverCommerce

A number of institutional investors have recently added to or reduced their stakes in EVCM. Federated Hermes Inc. boosted its stake in EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after buying an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of EverCommerce during the 3rd quarter worth $91,000. Deutsche Bank AG boosted its position in shares of EverCommerce by 141.9% during the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after acquiring an additional 5,770 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of EverCommerce in the first quarter valued at about $102,000. Finally, R Squared Ltd purchased a new stake in shares of EverCommerce in the third quarter valued at about $122,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

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

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.