Key Points
- Eric Richard Remer, EverCommerce CEO, sold 9,205 shares on Feb. 18 at $9.87 for $90,853.35 and now directly holds 2,644,273 shares valued at about $26.10 million, a 0.35% drop in his ownership.
- The Feb. 18 sale is part of a larger wave of insider selling in Jan–Feb — roughly 90,151 shares were sold by Remer in that period for approximately $990,000 in proceeds.
- EverCommerce shares traded at $10.29 on Friday; analysts’ consensus rating is Reduce with a $11.00 target, and institutional investors own about 97.91% of the company.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 9,205 shares of EverCommerce stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $9.87, for a total value of $90,853.35. Following the completion of the transaction, the chief executive officer directly owned 2,644,273 shares of the company's stock, valued at $26,098,974.51. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Eric Richard Remer also recently made the following trade(s):
- On Tuesday, February 17th, Eric Richard Remer sold 11,340 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total value of $111,925.80.
- On Wednesday, February 11th, Eric Richard Remer sold 8,357 shares of EverCommerce stock. The shares were sold at an average price of $10.26, for a total transaction of $85,742.82.
- On Tuesday, February 10th, Eric Richard Remer sold 10,843 shares of EverCommerce stock. The shares were sold at an average price of $10.45, for a total transaction of $113,309.35.
- On Wednesday, February 4th, Eric Richard Remer sold 2,797 shares of EverCommerce stock. The shares were 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 stock was 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 shares were 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 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 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 shares were sold at an average price of $12.22, for a total transaction of $82,802.72.
EverCommerce Price Performance
Shares of EVCM stock traded up $0.43 during trading on Friday, hitting $10.29. The company had a trading volume of 29,770 shares, compared to its average volume of 141,928. 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 stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -1,031.97, a price-to-earnings-growth ratio of 2.00 and a beta of 1.03. The stock's 50-day moving average is $11.73 and its two-hundred day moving average is $11.03. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41.
Hedge Funds Weigh In On EverCommerce
Several large investors have recently made changes to their positions in the company. XTX Topco Ltd increased its holdings in EverCommerce by 110.4% in the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company's stock valued at $628,000 after buying an additional 27,224 shares in the last quarter. Barclays PLC raised its holdings in EverCommerce by 5.1% in the 4th quarter. Barclays PLC now owns 22,854 shares of the company's stock valued at $277,000 after acquiring an additional 1,101 shares during the last quarter. Wells Fargo & Company MN lifted its stake in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company's stock worth $198,000 after purchasing an additional 7,085 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of EverCommerce during the 4th quarter worth approximately $177,000. Finally, Los Angeles Capital Management LLC grew its position in shares of EverCommerce by 111.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company's stock valued at $749,000 after purchasing an additional 34,979 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
EVCM has been the topic of several research analyst reports. Royal Bank Of Canada cut EverCommerce from an "outperform" rating to a "sector perform" rating and set a $12.00 price target on the stock. in a report on Monday, January 5th. Raymond James Financial cut shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of EverCommerce in a research note on Thursday, January 22nd. Zacks Research lowered EverCommerce from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 12th. Finally, Barclays decreased 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. Two research 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, the stock currently has an average rating of "Reduce" and a consensus target price of $11.00.
Get Our Latest Stock Report 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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