Insider Selling: EverCommerce (NASDAQ:EVCM) CEO Sells $30,123.69 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 2,797 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $10.77, for a total transaction of $30,123.69. Following the sale, the chief executive officer owned 2,684,018 shares of the company’s stock, valued at $28,906,873.86. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value 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 stock was 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 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.
• On Wednesday, January 21st, Eric Richard Remer sold 6,776 shares of EverCommerce stock. The shares were sold at an average price of $12.22, for a total value of $82,802.72.
• On Tuesday, January 20th, Eric Richard Remer sold 7,194 shares of EverCommerce stock. The stock was sold at an average price of $12.26, for a total transaction of $88,198.44.
• On Wednesday, January 14th, Eric Richard Remer sold 8,318 shares of EverCommerce stock. The shares were sold at an average price of $11.88, for a total transaction of $98,817.84.
• On Tuesday, January 13th, Eric Richard Remer sold 10,882 shares of EverCommerce stock. The stock was sold at an average price of $11.82, for a total transaction of $128,625.24.
• On Tuesday, January 6th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total transaction of $221,184.00.

EverCommerce Stock Up 1.2%

Shares of EVCM opened at $10.76 on Friday. The firm has a 50 day simple moving average of $11.65 and a two-hundred day simple moving average of $11.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The company has a market cap of $1.93 billion, a P/E ratio of -1,074.93, a P/E/G ratio of 2.16 and a beta of 1.03.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Lake Street Capital set a $11.00 target price on EverCommerce in a research report on Tuesday, October 14th. Royal Bank Of Canada lowered shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price target on the stock. in a report on Monday, January 5th. Raymond James Financial downgraded shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $11.00.

Institutional Investors Weigh In On EverCommerce

Large investors have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new position in EverCommerce during the second quarter worth $595,000. Arrowstreet Capital Limited Partnership increased its position in shares of EverCommerce by 328.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after acquiring an additional 547,712 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of EverCommerce by 136.9% in the 2nd 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 during the last quarter. Inceptionr LLC bought a new position in EverCommerce in the 2nd quarter valued at about $159,000. Finally, Tudor Investment Corp ET AL increased its holdings in EverCommerce by 200.7% during 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 in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

About EverCommerce

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.