EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) CEO Eric Richard Remer sold 9,366 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $10.51, for a total value of $98,436.66. Following the transaction, the chief executive officer now directly owns 7,637,549 shares in the company, valued at $80,270,639.99. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Eric Richard Remer also recently made the following trade(s):
- On Thursday, March 27th, Eric Richard Remer sold 7,164 shares of EverCommerce stock. The shares were sold at an average price of $10.51, for a total transaction of $75,293.64.
- On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The stock was sold at an average price of $9.97, for a total transaction of $135,113.44.
- On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $98,512.47.
- On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total transaction of $91,558.85.
- On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The stock was sold at an average price of $9.06, for a total value of $85,200.24.
- On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The stock was sold at an average price of $9.51, for a total value of $82,622.88.
- On Tuesday, March 4th, Eric Richard Remer sold 10,406 shares of EverCommerce stock. The shares were sold at an average price of $9.65, for a total value of $100,417.90.
- On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total transaction of $84,766.96.
- On Tuesday, February 18th, Eric Richard Remer sold 7,026 shares of EverCommerce stock. The stock was sold at an average price of $10.94, for a total transaction of $76,864.44.
- 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.
EverCommerce Stock Performance
EVCM opened at $10.46 on Friday. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.35. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $1.92 billion, a PE ratio of -37.36 and a beta of 1.12. The firm’s 50-day moving average price is $10.15 and its 200 day moving average price is $10.69.
Wall Street Analysts Forecast Growth
EVCM has been the topic of several analyst reports. Piper Sandler dropped their target price on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. The Goldman Sachs Group decreased their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 14th. Royal Bank of Canada dropped their price target on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Jefferies Financial Group decreased their price objective on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Finally, Barclays lowered their price target on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $11.09.
Check Out Our Latest Report on EverCommerce
Institutional Trading of EverCommerce
Several institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in EverCommerce by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock worth $1,856,000 after acquiring an additional 1,092 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock worth $38,000 after purchasing an additional 2,040 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce during the 4th quarter worth about $29,000. Wells Fargo & Company MN raised its holdings in EverCommerce by 41.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock valued at $116,000 after buying an additional 3,106 shares during the period. Finally, Barclays PLC lifted its position in EverCommerce by 11.2% in the fourth quarter. Barclays PLC now owns 32,989 shares of the company’s stock valued at $363,000 after buying an additional 3,312 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.
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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