Key Points
- CEO Eric Richard Remer sold 10,882 shares on Jan 13 at an average price of $11.82 for $128,625, and has made multiple insider sales across December–January including large blocks (e.g., 32,706 on Dec 9 and 26,090 on Dec 4).
- After these transactions Remer still owns 2,749,936 shares (about $32.5M), a modest 0.39% reduction in his stake.
- EverCommerce shares trade near $12.41 with a 52‑week range of $7.66–$14.41, and analysts have a consensus rating of "Reduce" with an average target of $11 amid several recent downgrades.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,318 shares of EverCommerce stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $11.88, for a total value of $98,817.84. Following the completion of the sale, the chief executive officer directly owned 2,741,618 shares of the company's stock, valued at $32,570,421.84. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Eric Richard Remer also recently made the following trade(s):
- On Tuesday, January 13th, Eric Richard Remer sold 10,882 shares of EverCommerce stock. The shares were sold at an average price of $11.82, for a total transaction of $128,625.24.
- On Tuesday, January 6th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $11.52, for a total value of $221,184.00.
- On Wednesday, December 31st, Eric Richard Remer sold 5,326 shares of EverCommerce stock. The shares were sold at an average price of $12.07, for a total transaction of $64,284.82.
- On Tuesday, December 30th, Eric Richard Remer sold 7,303 shares of EverCommerce stock. The shares were sold at an average price of $12.20, for a total transaction of $89,096.60.
- On Monday, December 29th, Eric Richard Remer sold 6,571 shares of EverCommerce stock. The shares were sold at an average price of $12.11, for a total value of $79,574.81.
- On Monday, December 22nd, Eric Richard Remer sold 10,717 shares of EverCommerce stock. The stock was sold at an average price of $12.06, for a total transaction of $129,247.02.
- On Tuesday, December 16th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The stock was sold at an average price of $13.61, for a total transaction of $261,312.00.
- On Wednesday, December 10th, Eric Richard Remer sold 4,004 shares of EverCommerce stock. The stock was sold at an average price of $9.99, for a total transaction of $39,999.96.
- On Tuesday, December 9th, Eric Richard Remer sold 32,706 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total transaction of $322,808.22.
- On Thursday, December 4th, Eric Richard Remer sold 26,090 shares of EverCommerce stock. The stock was sold at an average price of $9.50, for a total transaction of $247,855.00.
EverCommerce Stock Up 3.1%
Shares of EverCommerce stock opened at $12.41 on Friday. The firm's 50 day moving average price is $10.55 and its 200-day moving average price is $10.97. The company has a market cap of $2.23 billion, a P/E ratio of -1,239.76, a PEG ratio of 2.45 and a beta of 1.03. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41.
Institutional Investors Weigh In On EverCommerce
Large investors have recently modified their holdings of the company. 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 in the last quarter. State of Alaska Department of Revenue purchased a new stake in EverCommerce in the 3rd quarter valued at $91,000. R Squared Ltd purchased a new position in EverCommerce during the 3rd quarter worth $122,000. Prudential Financial Inc. increased its stake in EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock valued at $142,000 after purchasing an additional 1,190 shares during the period. Finally, Inceptionr LLC purchased a new stake in shares of EverCommerce in the second quarter valued at about $159,000. 97.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on EVCM shares. Zacks Research downgraded EverCommerce from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 12th. Barclays reduced their price objective on shares of EverCommerce from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Monday, November 10th. Lake Street Capital set a $11.00 target price on EverCommerce in a report on Tuesday, October 14th. Weiss Ratings restated a "sell (d-)" rating on shares of EverCommerce in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada cut shares of EverCommerce from an "outperform" rating to a "sector perform" rating and set a $12.00 price target for the company. in a research note on Monday, January 5th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $11.00.
Read Our Latest Analysis on EVCM
About EverCommerce
(
Get Free Report)
EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.
The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.
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