EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 4,200 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $10.37, for a total value of $43,554.00. Following the sale, the chief executive officer now directly owns 8,068,540 shares in the company, valued at approximately $83,670,759.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Eric Richard Remer also recently made the following trade(s):
- On Wednesday, October 16th, Eric Richard Remer sold 4,834 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total value of $51,143.72.
- On Thursday, October 10th, Eric Richard Remer sold 5,988 shares of EverCommerce stock. The stock was sold at an average price of $10.11, for a total value of $60,538.68.
- On Tuesday, October 8th, Eric Richard Remer sold 5,436 shares of EverCommerce stock. The stock was sold at an average price of $10.09, for a total value of $54,849.24.
- On Thursday, September 26th, Eric Richard Remer sold 6,158 shares of EverCommerce stock. The shares were sold at an average price of $10.47, for a total value of $64,474.26.
- On Tuesday, September 24th, Eric Richard Remer sold 6,807 shares of EverCommerce stock. The shares were sold at an average price of $10.63, for a total value of $72,358.41.
- On Thursday, September 19th, Eric Richard Remer sold 7,099 shares of EverCommerce stock. The shares were sold at an average price of $10.69, for a total value of $75,888.31.
- On Tuesday, September 17th, Eric Richard Remer sold 10,311 shares of EverCommerce stock. The shares were sold at an average price of $10.69, for a total value of $110,224.59.
EverCommerce Trading Up 1.1 %
Shares of EVCM traded up $0.11 during mid-day trading on Thursday, reaching $10.48. 47,700 shares of the company were exchanged, compared to its average volume of 142,749. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $1.94 billion, a PE ratio of -49.90 and a beta of 1.08. The business has a 50 day simple moving average of $10.39 and a two-hundred day simple moving average of $10.29.
Hedge Funds Weigh In On EverCommerce
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in EverCommerce during the third quarter worth approximately $107,000. The Manufacturers Life Insurance Company grew its stake in EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after purchasing an additional 1,089 shares during the period. Edgestream Partners L.P. acquired a new stake in EverCommerce during the first quarter worth approximately $123,000. Renaissance Technologies LLC grew its stake in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after purchasing an additional 2,700 shares during the period. Finally, RIA Advisory Group LLC acquired a new stake in EverCommerce during the first quarter worth approximately $242,000. 97.91% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on EVCM. Evercore ISI raised their price objective on EverCommerce from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on EverCommerce from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.45.
Check Out Our Latest Stock Analysis on EVCM
About EverCommerce
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.
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