EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 11,414 shares of the company’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $11.53, for a total value of $131,603.42. Following the transaction, the chief executive officer directly owned 2,999,509 shares in the company, valued at $34,584,338.77. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Eric Richard Remer also recently made the following trade(s):
- On Wednesday, April 1st, Eric Richard Remer sold 7,786 shares of EverCommerce stock. The stock was sold at an average price of $11.42, for a total value of $88,916.12.
- On Wednesday, March 25th, Eric Richard Remer sold 2,703 shares of EverCommerce stock. The shares were sold at an average price of $11.06, for a total value of $29,895.18.
- On Tuesday, March 24th, Eric Richard Remer sold 16,497 shares of EverCommerce stock. The shares were sold at an average price of $10.79, for a total value of $178,002.63.
- On Wednesday, March 18th, Eric Richard Remer sold 2,896 shares of EverCommerce stock. The stock was sold at an average price of $10.04, for a total transaction of $29,075.84.
- On Tuesday, March 17th, Eric Richard Remer sold 16,304 shares of EverCommerce stock. The stock was sold at an average price of $10.31, for a total transaction of $168,094.24.
- On Thursday, March 12th, Eric Richard Remer sold 1,874 shares of EverCommerce stock. The shares were sold at an average price of $12.13, for a total transaction of $22,731.62.
- On Wednesday, March 11th, Eric Richard Remer sold 6,279 shares of EverCommerce stock. The shares were sold at an average price of $12.05, for a total transaction of $75,661.95.
- On Tuesday, March 10th, Eric Richard Remer sold 11,047 shares of EverCommerce stock. The stock was sold at an average price of $11.87, for a total transaction of $131,127.89.
- On Tuesday, March 3rd, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were sold at an average price of $11.43, for a total transaction of $219,456.00.
- 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 transaction of $120,874.80.
EverCommerce Stock Up 1.6%
Shares of EverCommerce stock traded up $0.19 on Thursday, hitting $11.71. 131,062 shares of the company traded hands, compared to its average volume of 151,958. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. The company has a market cap of $2.08 billion, a PE ratio of 130.13, a PEG ratio of 2.52 and a beta of 1.00. The company has a 50-day moving average price of $11.15 and a 200 day moving average price of $11.05.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new position in shares of EverCommerce in the 2nd quarter valued at approximately $595,000. Arrowstreet Capital Limited Partnership boosted its position in 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 purchasing an additional 547,712 shares during the period. Tudor Investment Corp ET AL grew its holdings in EverCommerce by 200.7% during the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after purchasing an additional 83,794 shares during the last quarter. Wells Fargo & Company MN grew its holdings in EverCommerce by 76.8% during the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after purchasing an additional 7,085 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of EverCommerce by 863.2% in the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after purchasing an additional 13,734 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on EVCM. Canaccord Genuity Group lowered their price target on EverCommerce from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Weiss Ratings upgraded shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, March 13th. Wall Street Zen raised shares of EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Citizens Jmp lowered shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Finally, The Goldman Sachs Group cut their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.71.
Read Our Latest Analysis on EVCM
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.
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