Key Points
- Eric Richard Remer, EverCommerce CEO, sold 26,090 shares on Dec. 4 at $9.50 for $247,855, leaving him with 2,879,617 shares — a 0.90% reduction in his ownership.
- Remer has been selling repeatedly over the past weeks, offloading roughly 116,890 shares between Oct. 21 and Dec. 4 across multiple transactions.
- Shares opened at $9.67 (down 2.7%), the company has a market cap of about $1.73B and a negative P/E, while analysts are mixed with an average rating of "Hold" and an average price target of $11.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) insider Lisa Storey sold 7,651 shares of EverCommerce stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $9.84, for a total transaction of $75,285.84. Following the completion of the sale, the insider owned 185,745 shares in the company, valued at $1,827,730.80. This trade represents a 3.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
EverCommerce Stock Performance
Shares of EVCM stock opened at $9.67 on Tuesday. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $12.34. The company's fifty day simple moving average is $10.17 and its 200-day simple moving average is $10.59. The firm has a market cap of $1.73 billion, a PE ratio of -966.03, a P/E/G ratio of 5.01 and a beta of 1.07. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71.
Hedge Funds Weigh In On EverCommerce
A number of institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. raised its stake in EverCommerce by 118.3% in the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company's stock valued at $34,000 after buying an additional 1,667 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of EverCommerce during the 3rd quarter worth approximately $91,000. Deutsche Bank AG raised its stake in EverCommerce by 141.9% in the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company's stock valued at $99,000 after acquiring an additional 5,770 shares during the period. EntryPoint Capital LLC acquired a new stake in EverCommerce during the 1st quarter valued at $102,000. Finally, R Squared Ltd bought a new position in EverCommerce during the third quarter worth $122,000. Institutional investors and hedge funds own 97.91% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on EVCM shares. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a research report on Tuesday, October 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of EverCommerce in a report on Wednesday, October 8th. Royal Bank Of Canada reduced their price target on EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a research report on Friday, November 7th. Barclays lowered their price target on EverCommerce from $11.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, November 10th. Finally, Zacks Research raised EverCommerce from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.00.
Check Out Our Latest Research Report on EverCommerce
About EverCommerce
(
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.
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