Key Points
- CEO Eric Richard Remer sold 28,044 shares on Dec. 3 at an average price of $9.18, trimming his stake by about 0.95% to 2,919,229 shares valued around $26.8 million.
- The sale is part of a series of recent insider disposals, with Remer repeatedly selling tens of thousands of shares throughout October and November.
- Market context: EVCM shares traded near $9.77 (up 0.8%), the company has a $1.75 billion market cap, institutional ownership of ~97.9%, and a consensus analyst rating of "Hold" with a $11 price target.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 4,056 shares of the company's stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $9.01, for a total value of $36,544.56. Following the sale, the chief executive officer owned 2,947,273 shares of the company's stock, valued at approximately $26,554,929.73. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Eric Richard Remer also recently made the following trade(s):
- On Wednesday, December 3rd, Eric Richard Remer sold 28,044 shares of EverCommerce stock. The stock was sold at an average price of $9.18, for a total value of $257,443.92.
- On Thursday, November 13th, Eric Richard Remer sold 500 shares of EverCommerce stock. The shares were sold at an average price of $9.01, for a total value of $4,505.00.
- On Tuesday, November 11th, Eric Richard Remer sold 600 shares of EverCommerce stock. The stock was sold at an average price of $9.05, for a total transaction of $5,430.00.
- On Wednesday, November 5th, Eric Richard Remer sold 5,666 shares of EverCommerce stock. The stock was sold at an average price of $11.37, for a total transaction of $64,422.42.
- On Tuesday, November 4th, Eric Richard Remer sold 13,534 shares of EverCommerce stock. The shares were sold at an average price of $11.27, for a total transaction of $152,528.18.
- On Wednesday, October 29th, Eric Richard Remer sold 10,643 shares of EverCommerce stock. The shares were sold at an average price of $11.77, for a total transaction of $125,268.11.
- On Tuesday, October 28th, Eric Richard Remer sold 8,557 shares of EverCommerce stock. The stock was sold at an average price of $12.08, for a total transaction of $103,368.56.
- On Wednesday, October 22nd, Eric Richard Remer sold 7,465 shares of EverCommerce stock. The shares were sold at an average price of $11.42, for a total transaction of $85,250.30.
- On Tuesday, October 21st, Eric Richard Remer sold 11,735 shares of EverCommerce stock. The stock was sold at an average price of $11.44, for a total value of $134,248.40.
- On Tuesday, October 14th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $10.86, for a total value of $208,512.00.
EverCommerce Stock Performance
NASDAQ:EVCM traded up $0.14 during mid-day trading on Friday, hitting $9.83. 18,823 shares of the company traded hands, compared to its average volume of 195,445. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. The stock's fifty day moving average price is $10.24 and its 200-day moving average price is $10.59. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of -981.52, a price-to-earnings-growth ratio of 4.70 and a beta of 1.07. EverCommerce Inc. has a one year low of $7.66 and a one year high of $12.34.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of EverCommerce from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 13th. Piper Sandler increased their price objective on shares of EverCommerce from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday, August 8th. Oppenheimer restated an "outperform" rating and set a $13.00 price objective (up from $12.00) on shares of EverCommerce in a research report on Thursday, August 7th. Royal Bank Of Canada dropped their target price on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a report on Friday, November 7th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of EverCommerce in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $11.00.
Check Out Our Latest Research Report on EVCM
Hedge Funds Weigh In On EverCommerce
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its stake in EverCommerce by 328.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company's stock valued at $7,502,000 after acquiring an additional 547,712 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in shares of EverCommerce during the 2nd quarter valued at about $5,039,000. Squarepoint Ops LLC bought a new position in shares of EverCommerce during the 2nd quarter valued at about $595,000. Lazard Asset Management LLC grew its position in shares of EverCommerce by 5,995.2% during the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company's stock valued at $523,000 after purchasing an additional 49,041 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of EverCommerce in the first quarter worth about $493,000. Institutional investors own 97.91% of the company's stock.
EverCommerce Company Profile
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Get Free Report)
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.
Further Reading
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