Key Points
- CEO Eric Richard Remer sold 19,200 shares on Dec. 16 at an average price of $13.61 for $261,312, leaving him with 2,809,935 shares (a 0.68% reduction, valued at about $38.24M).
- Remer has conducted multiple insider sales from late October through December, amounting to roughly $1.5 million of stock across those transactions.
- EverCommerce (EVCM) traded at $12.25 with a $2.2B market cap and a 12‑month range of $7.66–$14.41; analysts are mixed but the consensus is a "Hold" with a $11.00 price target, and institutional ownership is about 97.9%.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CFO Ryan Siurek sold 8,300 shares of the firm's stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $12.34, for a total transaction of $102,422.00. Following the sale, the chief financial officer owned 227,037 shares of the company's stock, valued at $2,801,636.58. This represents a 3.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
EverCommerce Trading Up 2.2%
EVCM traded up $0.27 during trading hours on Thursday, reaching $12.42. The company's stock had a trading volume of 88,568 shares, compared to its average volume of 207,805. The stock has a market cap of $2.23 billion, a PE ratio of -1,235.76, a P/E/G ratio of 6.75 and a beta of 1.07. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. The business's 50-day moving average is $10.27 and its 200-day moving average is $10.67.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on EVCM. Barclays decreased their price target on EverCommerce from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, November 10th. Royal Bank Of Canada lowered their target price on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Friday, November 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of EverCommerce in a research report on Wednesday, October 8th. Zacks Research lowered shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a report on Friday, December 12th. Finally, Lake Street Capital set a $11.00 target price on shares of EverCommerce in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $11.00.
Read Our Latest Stock Analysis on EVCM
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of EVCM. Tudor Investment Corp ET AL grew its stake in EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company's stock worth $1,397,000 after purchasing an additional 83,794 shares in the last quarter. Zacks Investment Management purchased a new position in shares of EverCommerce in the 3rd quarter valued at about $418,000. Two Sigma Investments LP acquired a new position in shares of EverCommerce during the third quarter worth about $371,000. BNP Paribas Financial Markets grew its position in shares of EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company's stock worth $171,000 after buying an additional 13,734 shares in the last quarter. Finally, Inceptionr LLC increased its stake in shares of EverCommerce by 177.6% during the third quarter. Inceptionr LLC now owns 42,051 shares of the company's stock worth $468,000 after buying an additional 26,902 shares during the period. 97.91% of the stock is currently owned by hedge funds and other institutional investors.
EverCommerce Company Profile
(
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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