Key Points
- EverCommerce CEO Eric Richard Remer sold a total of about 106,717 shares across multiple transactions between Dec. 16 and Jan. 22, generating roughly $1.31 million in proceeds.
- Following the Jan. 22 sale, Remer still directly owns 2,722,418 shares (approximately $34.6 million in value), and the latest trade represented a 0.19% reduction in his position.
- For context, EVCM trades near $12.62 (1-year range $7.66–$14.41), analysts have a consensus "Reduce" rating with a $11 target, and institutional investors own about 97.9% of the stock.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 5,230 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $12.70, for a total value of $66,421.00. Following the completion of the transaction, the chief executive officer directly owned 2,722,418 shares in the company, valued at approximately $34,574,708.60. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Eric Richard Remer also recently made the following trade(s):
- On Wednesday, January 21st, Eric Richard Remer sold 6,776 shares of EverCommerce stock. The shares were sold at an average price of $12.22, for a total value of $82,802.72.
- On Tuesday, January 20th, Eric Richard Remer sold 7,194 shares of EverCommerce stock. The shares were sold at an average price of $12.26, for a total value of $88,198.44.
- On Wednesday, January 14th, Eric Richard Remer sold 8,318 shares of EverCommerce stock. The stock was sold at an average price of $11.88, for a total value of $98,817.84.
- 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 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 transaction of $221,184.00.
- On Wednesday, December 31st, Eric Richard Remer sold 5,326 shares of EverCommerce stock. The stock was 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 transaction 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 value of $261,312.00.
EverCommerce Stock Performance
EVCM stock opened at $12.62 on Tuesday. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year 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 firm has a market cap of $2.26 billion, a PE ratio of -1,260.74, a P/E/G ratio of 2.58 and a beta of 1.03. The business's 50-day moving average price is $11.10 and its two-hundred day moving average price is $11.07.
Institutional Trading of EverCommerce
Institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC grew its position in EverCommerce by 136.9% in the second quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company's stock valued at $862,000 after purchasing an additional 47,470 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 worth $1,107,000 after buying an additional 11,996 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company's stock valued at $290,000 after acquiring an additional 4,576 shares in the last quarter. Prudential Financial Inc. increased its position in shares of 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 acquiring an additional 1,190 shares during the last quarter. Finally, Inceptionr LLC bought a new stake in EverCommerce during the second quarter worth about $159,000. Institutional investors own 97.91% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on EVCM shares. Lake Street Capital set a $11.00 target price on EverCommerce in a research note on Tuesday, October 14th. Weiss Ratings reissued a "sell (d-)" rating on shares of EverCommerce in a research report on Thursday. Barclays dropped their price objective on shares of EverCommerce from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, November 10th. Zacks Research lowered shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 12th. Finally, Royal Bank Of Canada cut EverCommerce from an "outperform" rating to a "sector perform" rating and set a $12.00 target price for the company. in a report on Monday, January 5th. Two 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 MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $11.00.
Read Our Latest Research Report 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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