Key Points
- Eric Richard Remer, EverCommerce CEO, sold 7,842 shares on Jan. 27 at $12.16 for $95,358.72 and has made multiple insider sales in January and December, yet still owns 2,714,576 shares (≈$33.01M), a 0.29% reduction in his stake.
- EverCommerce (EVCM) trades near $11.79 with a $2.11B market cap and a negative P/E, and analysts have a consensus rating of "Reduce" with an average price target of $11.00 following several downgrades.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 3,090 shares of the firm's stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $11.62, for a total transaction of $35,905.80. Following the completion of the sale, the chief executive officer owned 2,703,218 shares in the company, valued at $31,411,393.16. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Eric Richard Remer also recently made the following trade(s):
- On Wednesday, January 28th, Eric Richard Remer sold 8,268 shares of EverCommerce stock. The shares were sold at an average price of $11.95, for a total transaction of $98,802.60.
- On Tuesday, January 27th, Eric Richard Remer sold 7,842 shares of EverCommerce stock. The shares were sold at an average price of $12.16, for a total transaction of $95,358.72.
- On Thursday, January 22nd, Eric Richard Remer sold 5,230 shares of EverCommerce stock. The stock was sold at an average price of $12.70, for a total value of $66,421.00.
- 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 stock was 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 shares were 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 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.
EverCommerce Stock Down 0.6%
NASDAQ:EVCM opened at $11.79 on Friday. The company has a market cap of $2.11 billion, a PE ratio of -1,177.82, a P/E/G ratio of 2.41 and a beta of 1.03. EverCommerce Inc. has a twelve month low of $7.66 and a twelve 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 company's 50 day moving average is $11.33 and its two-hundred day moving average is $11.09.
Institutional Investors Weigh In On EverCommerce
Several institutional investors have recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in EverCommerce by 118.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company's stock worth $34,000 after purchasing an additional 1,667 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in EverCommerce in the 3rd quarter valued at approximately $91,000. R Squared Ltd acquired a new stake in shares of EverCommerce in the third quarter valued at $122,000. Prudential Financial Inc. grew its position in EverCommerce by 9.6% in the 2nd 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 in the last quarter. Finally, Inceptionr LLC acquired a new position in shares of EverCommerce in the second quarter valued at approximately $159,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Royal Bank Of Canada downgraded EverCommerce from an "outperform" rating to a "sector perform" rating and set a $12.00 target price on the stock. in a research report on Monday, January 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of EverCommerce in a report on Thursday, January 22nd. Zacks Research cut EverCommerce from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 12th. Barclays dropped their target price 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, Raymond James Financial lowered shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, EverCommerce presently has a consensus rating of "Reduce" and an average price target of $11.00.
Check Out Our Latest Analysis on EverCommerce
EverCommerce Company Profile
(
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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