EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $76,864.44 in Stock

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,026 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 directly owns 7,758,632 shares of the company’s stock, valued at $84,879,434.08. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock was 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 stock was 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 stock was 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 stock was 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 shares were 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 shares were 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 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 Stock Performance

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

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently made changes to their positions in EVCM. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce in the fourth quarter valued at about $29,000. Tower Research Capital LLC TRC grew its position in shares of EverCommerce by 145.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after purchasing an additional 2,040 shares during the last quarter. Deutsche Bank AG grew its position in shares of EverCommerce by 919.0% in the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock valued at $45,000 after purchasing an additional 3,667 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of EverCommerce in the third quarter valued at about $107,000. Finally, Wells Fargo & Company MN lifted its stake in shares of EverCommerce by 41.7% in the fourth 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. 97.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EVCM. Piper Sandler upped their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Royal Bank of Canada upped their price target on shares of EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Oppenheimer upped their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. JMP Securities upped their price target on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research note on Wednesday, November 13th. Finally, Barclays upped their price target on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. One research 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. Based on data from MarketBeat, EverCommerce has an average rating of “Moderate Buy” and a consensus target price of $12.56.

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.