Key Points
- CEO Eric Richard Remer sold 7,710 shares on Feb. 24 at an average price of $10.29 for $79,335.90 — part of a string of recent insider sales — and still directly owns 2,627,376 shares, a 0.29% reduction in his position.
- EverCommerce shares opened at $10.44 and were trading up 3.8%; the company has a market cap of $1.87 billion, a negative PE of -1,042.96, and a 52‑week range of $7.66 to $14.41.
- Analysts have been cutting ratings recently, leaving an average MarketBeat consensus of "Reduce" with an average target price of $11 (rating breakdown: 2 Buy / 5 Hold / 3 Sell).
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 7,710 shares of the business's stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $10.29, for a total transaction of $79,335.90. Following the sale, the chief executive officer directly owned 2,627,376 shares of the company's stock, valued at approximately $27,035,699.04. The trade was a 0.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Eric Richard Remer also recently made the following trade(s):
- On Wednesday, February 18th, Eric Richard Remer sold 9,205 shares of EverCommerce stock. The shares were sold at an average price of $9.87, for a total value of $90,853.35.
- On Tuesday, February 17th, Eric Richard Remer sold 11,340 shares of EverCommerce stock. The shares were 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 stock was sold at an average price of $10.26, for a total value of $85,742.82.
- 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 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 transaction 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 transaction 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 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 shares were sold at an average price of $12.70, for a total transaction of $66,421.00.
EverCommerce Trading Up 3.8%
Shares of EVCM stock opened at $10.44 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a fifty day simple moving average of $11.57 and a two-hundred day simple moving average of $11.04. The firm has a market capitalization of $1.87 billion, a PE ratio of -1,042.96, a PEG ratio of 2.05 and a beta of 1.03. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41.
Institutional Trading of EverCommerce
Several hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC boosted its position in shares of EverCommerce by 136.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company's stock valued at $862,000 after acquiring an additional 47,470 shares during the last quarter. JPMorgan Chase & Co. raised its stake in EverCommerce by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock valued at $1,107,000 after purchasing an additional 11,996 shares in the last quarter. American Century Companies Inc. lifted its position in EverCommerce by 19.8% during the second quarter. American Century Companies Inc. now owns 27,649 shares of the company's stock valued at $290,000 after purchasing an additional 4,576 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock worth $142,000 after buying an additional 1,190 shares in the last quarter. Finally, Inceptionr LLC bought a new stake in shares of EverCommerce in the 2nd quarter worth about $159,000. 97.91% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts recently issued reports on EVCM shares. Weiss Ratings reissued a "sell (d-)" rating on shares of EverCommerce in a research note on Thursday, January 22nd. Zacks Research lowered shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a report on Friday, December 12th. Raymond James Financial cut shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 6th. Royal Bank Of Canada downgraded shares of EverCommerce from an "outperform" rating to a "sector perform" rating and set a $12.00 target price on the stock. in a report on Monday, January 5th. Finally, Barclays cut their target price on shares of EverCommerce from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Monday, November 10th. Two 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.com, EverCommerce has an average rating of "Reduce" and an average target price of $11.00.
Read 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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