Key Points
- CEO Eric Richard Remer sold 6,776 shares on Jan. 21 at $12.22 for $82,802.72 and has executed a string of recent sales, leaving him with 2,727,648 shares (about $33.33M) — a 0.25% reduction in his stake.
- EverCommerce shares opened at $12.76 (up 3.1%), the company has a $2.29B market cap with a deeply negative PE, and analysts' average rating is "Reduce" with an average target price of $11.00.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 6,776 shares of EverCommerce stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $12.22, for a total transaction of $82,802.72. Following the completion of the sale, the chief executive officer directly owned 2,727,648 shares in the company, valued at approximately $33,331,858.56. The trade was a 0.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Eric Richard Remer also recently made the following trade(s):
- On Tuesday, January 20th, Eric Richard Remer sold 7,194 shares of EverCommerce stock. The stock was sold at an average price of $12.26, for a total transaction of $88,198.44.
- On Wednesday, January 14th, Eric Richard Remer sold 8,318 shares of EverCommerce stock. The shares were sold at an average price of $11.88, for a total transaction of $98,817.84.
- On Tuesday, January 13th, Eric Richard Remer sold 10,882 shares of EverCommerce stock. The stock was sold at an average price of $11.82, for a total value of $128,625.24.
- On Tuesday, January 6th, Eric Richard Remer sold 19,200 shares of EverCommerce stock. The shares were 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 value of $64,284.82.
- On Tuesday, December 30th, Eric Richard Remer sold 7,303 shares of EverCommerce stock. The stock was sold at an average price of $12.20, for a total value 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 shares were 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.
EverCommerce Trading Up 3.1%
Shares of EverCommerce stock opened at $12.76 on Friday. The company has a 50-day moving average of $10.93 and a two-hundred day moving average of $11.04. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71. The stock has a market cap of $2.29 billion, a PE ratio of -1,274.73, a price-to-earnings-growth ratio of 2.52 and a beta of 1.03.
Hedge Funds Weigh In On EverCommerce
Institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in shares of 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. Tudor Investment Corp ET AL raised its position in shares of EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company's stock valued at $1,397,000 after purchasing an additional 83,794 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock valued at $1,107,000 after buying an additional 11,996 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of EverCommerce by 136.9% in the second quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company's stock worth $862,000 after buying an additional 47,470 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in EverCommerce in the second quarter valued at $595,000. Institutional investors and hedge funds own 97.91% of the company's stock.
Analyst Ratings Changes
Several analysts have weighed in on the company. Barclays lowered their target price on EverCommerce from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, November 10th. Lake Street Capital set a $11.00 target price on shares of EverCommerce in a research report on Tuesday, October 14th. Weiss Ratings reissued 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, Raymond James Financial downgraded EverCommerce from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $11.00.
View Our Latest Research Report on EverCommerce
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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