Key Points
- EverCommerce CEO Eric Richard Remer sold 8,357 shares on Feb. 11 at an average price of $10.26 for $85,742.82, and his recent disposals total 85,118 shares sold across Jan–Feb; he still holds 2,664,818 shares (a 0.31% reduction) worth about $27.34 million.
- Stock and market backdrop: EVCM shares opened at $10.07 (down ~1.5%), the company has a $1.81 billion market cap, ~97.9% institutional ownership, and analysts’ consensus is “Reduce” with a $11.00 target (2 Buy, 5 Hold, 3 Sell).
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,357 shares of the business's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $10.26, for a total transaction of $85,742.82. Following the completion of the transaction, the chief executive officer owned 2,664,818 shares in the company, valued at approximately $27,341,032.68. The trade was a 0.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Eric Richard Remer also recently made the following trade(s):
- On Tuesday, February 10th, Eric Richard Remer sold 10,843 shares of EverCommerce stock. The stock was sold at an average price of $10.45, for a total value of $113,309.35.
- On Wednesday, February 4th, Eric Richard Remer sold 2,797 shares of EverCommerce stock. The stock was sold at an average price of $10.77, for a total value of $30,123.69.
- On Tuesday, February 3rd, Eric Richard Remer sold 16,403 shares of EverCommerce stock. The stock was sold at an average price of $10.90, for a total value of $178,792.70.
- On Thursday, January 29th, Eric Richard Remer sold 3,090 shares of EverCommerce stock. The shares were sold at an average price of $11.62, for a total value of $35,905.80.
- On Wednesday, January 28th, Eric Richard Remer sold 8,268 shares of EverCommerce stock. The stock was sold at an average price of $11.95, for a total value of $98,802.60.
- On Tuesday, January 27th, Eric Richard Remer sold 7,842 shares of EverCommerce stock. The stock was sold at an average price of $12.16, for a total value of $95,358.72.
- On Thursday, January 22nd, Eric Richard Remer sold 5,230 shares of EverCommerce stock. The shares were 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 stock was 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 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.
EverCommerce Stock Down 1.5%
Shares of NASDAQ EVCM opened at $10.07 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. The firm has a market cap of $1.81 billion, a PE ratio of -1,005.99, a P/E/G ratio of 2.08 and a beta of 1.03. The company's fifty day simple moving average is $11.75 and its 200 day simple moving average is $11.07. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41.
Institutional Trading of EverCommerce
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new stake in shares of EverCommerce in the second quarter worth approximately $595,000. Arrowstreet Capital Limited Partnership boosted its position 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 buying an additional 547,712 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in EverCommerce by 136.9% during 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 in the last quarter. Inceptionr LLC bought a new stake in EverCommerce during the second quarter worth $159,000. Finally, Prudential Financial Inc. raised 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 buying an additional 1,190 shares during the last quarter. 97.91% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on EVCM shares. Barclays reduced their target price on EverCommerce from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Monday, November 10th. Raymond James Financial lowered EverCommerce from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 6th. Royal Bank Of Canada downgraded EverCommerce from an "outperform" rating to a "sector perform" rating and set a $12.00 price objective for the company. in a report on Monday, January 5th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of EverCommerce in a research report on Thursday, January 22nd. Finally, Zacks Research cut EverCommerce from a "strong-buy" rating to a "hold" rating in a report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $11.00.
Check Out Our Latest Stock 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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