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

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

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 transaction of $94,176.00.
• On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The stock was sold at an average price of $10.81, for a total transaction 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 transaction 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 transaction 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 shares were 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 stock was 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 transaction of $61,444.80.

EverCommerce Stock Performance

Shares of EVCM opened at $10.15 on Friday. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35. The company has a market cap of $1.86 billion, a PE ratio of -36.25 and a beta of 1.13. The stock has a 50-day moving average of $10.68 and a 200-day moving average of $10.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of EverCommerce during the third quarter valued at approximately $107,000. DekaBank Deutsche Girozentrale acquired a new stake in EverCommerce in the 3rd quarter valued at $570,000. RIA Advisory Group LLC acquired a new stake in EverCommerce in the 3rd quarter valued at $241,000. Edgestream Partners L.P. bought a new stake in EverCommerce during the 3rd quarter valued at $536,000. Finally, Janus Henderson Group PLC raised its holdings in EverCommerce by 1.2% during the third quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock worth $3,296,000 after buying an additional 3,837 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays upped their price objective on shares of EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. JMP Securities boosted their target price on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada increased their price target on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Oppenheimer boosted their price objective on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler upped their target price on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.