Key Points
- CEO Eric Richard Remer sold 11,490 shares on Feb 25 at $10.52 for $120,874.80, leaving him with 2,615,886 shares (a 0.44% reduction in his stake worth about $27.5M).
- The Feb 25 sale is part of a string of insider sales in late January and February — including multiple multi‑thousand‑share disposals on Feb 3, 4, 10, 11, 17, 18, and 24 — signaling notable ongoing insider selling activity.
- EverCommerce (EVCM) trades around $11.13 with a market cap near $2.0B, and analysts hold a consensus rating of "Reduce" with a roughly $11 price target after several recent downgrades.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 11,490 shares of the business's stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $10.52, for a total transaction of $120,874.80. Following the completion of the sale, the chief executive officer owned 2,615,886 shares in the company, valued at approximately $27,519,120.72. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Eric Richard Remer also recently made the following trade(s):
- On Tuesday, February 24th, Eric Richard Remer sold 7,710 shares of EverCommerce stock. The stock was sold at an average price of $10.29, for a total value of $79,335.90.
- 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 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 value 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 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 shares were 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 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 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.
EverCommerce Stock Performance
EVCM traded up $0.45 during trading on Thursday, reaching $11.13. The company's stock had a trading volume of 30,562 shares, compared to its average volume of 141,295. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -1,111.89, a price-to-earnings-growth ratio of 2.09 and a beta of 1.03. The company's fifty day moving average price is $11.54 and its 200-day moving average price is $11.03.
Institutional Trading of EverCommerce
A number of institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC increased its holdings in shares of EverCommerce by 136.9% in the second quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company's stock worth $862,000 after purchasing an additional 47,470 shares during the period. JPMorgan Chase & Co. lifted its stake in EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock worth $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% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company's stock worth $290,000 after buying an additional 4,576 shares during the last quarter. Prudential Financial Inc. boosted its stake in EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock worth $142,000 after buying an additional 1,190 shares during the period. Finally, Inceptionr LLC purchased a new stake in shares of EverCommerce in the second quarter valued at $159,000. 97.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
EVCM has been the subject of a number of research analyst reports. Barclays dropped their price target on EverCommerce from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Monday, November 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of EverCommerce in a research note on Thursday, January 22nd. Raymond James Financial lowered shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 6th. Zacks Research cut shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a research report 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 on the stock. in a research report on Monday, January 5th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, EverCommerce has a consensus rating of "Reduce" and a consensus price target of $11.00.
Check Out Our Latest Analysis 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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