EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,026 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,026 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $10.94, for a total value of $76,864.44. Following the transaction, the chief executive officer now directly owns 7,758,632 shares in the company, valued at approximately $84,879,434.08. This represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total value of $84,766.96.
• On Thursday, February 13th, Eric Richard Remer sold 8,720 shares of EverCommerce stock. The shares were sold at an average price of $10.80, for a total value of $94,176.00.
• On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The shares were sold at an average price of $10.81, for a total value of $149,783.36.
• On Thursday, February 6th, Eric Richard Remer sold 11,200 shares of EverCommerce stock. The shares were sold at an average price of $10.12, for a total value of $113,344.00.
• On Tuesday, February 4th, Eric Richard Remer sold 7,507 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total value of $75,445.35.
• On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total value of $112,264.92.
• On Tuesday, January 28th, Eric Richard Remer sold 8,761 shares of EverCommerce stock. The stock was sold at an average price of $10.56, for a total value of $92,516.16.
• On Thursday, January 23rd, Eric Richard Remer sold 8,552 shares of EverCommerce stock. The stock was sold at an average price of $10.21, for a total value of $87,315.92.
• On Tuesday, January 21st, Eric Richard Remer sold 5,117 shares of EverCommerce stock. The shares were sold at an average price of $10.39, for a total value of $53,165.63.
• On Thursday, January 16th, Eric Richard Remer sold 6,024 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total value of $61,444.80.

EverCommerce Price Performance

Shares of NASDAQ:EVCM traded down $0.32 during midday trading on Thursday, hitting $10.52. The company had a trading volume of 104,978 shares, compared to its average volume of 92,490. EverCommerce Inc. has a twelve month low of $6.22 and a twelve month high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -37.57 and a beta of 1.13. The business’s 50-day simple moving average is $10.76 and its 200-day simple moving average is $10.77.

Institutional Investors Weigh In On EverCommerce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp purchased a new stake in shares of EverCommerce in the 4th quarter valued at $127,000. Woodline Partners LP grew its stake in EverCommerce by 24.8% during the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock worth $5,891,000 after purchasing an additional 106,359 shares in the last quarter. State of Wyoming grew its stake in EverCommerce by 245.4% during the 4th quarter. State of Wyoming now owns 32,875 shares of the company’s stock worth $362,000 after purchasing an additional 23,356 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in EverCommerce during the 4th quarter worth $143,000. Finally, Janus Henderson Group PLC grew its stake in EverCommerce by 34.6% during the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock worth $4,716,000 after purchasing an additional 110,183 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Ratings Changes

EVCM has been the topic of several recent analyst reports. Oppenheimer upped their target price on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. JMP Securities upped their target price on EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Barclays upped their target price on EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Royal Bank of Canada upped their target price on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Finally, Piper Sandler increased their price objective on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.56.

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.