EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 7,026 Shares

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 7,026 shares of EverCommerce stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $10.94, for a total value of $76,864.44. Following the completion of the transaction, the chief executive officer now owns 7,758,632 shares of the company’s stock, valued at approximately $84,879,434.08. This represents a 0.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Eric Richard Remer also recently made the following trade(s):

• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The stock was sold at an average price of $10.58, for a total value of $84,766.96.
• On Thursday, February 13th, Eric Richard Remer sold 8,720 shares of EverCommerce stock. The stock was sold at an average price of $10.80, for a total value of $94,176.00.
• On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The stock was sold at an average price of $10.81, for a total value of $149,783.36.
• On Thursday, February 6th, Eric Richard Remer sold 11,200 shares of EverCommerce stock. The stock was sold at an average price of $10.12, for a total value of $113,344.00.
• On Tuesday, February 4th, Eric Richard Remer sold 7,507 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total value of $75,445.35.
• On Thursday, January 30th, Eric Richard Remer sold 10,942 shares of EverCommerce stock. The stock was sold at an average price of $10.26, for a total value of $112,264.92.
• On Tuesday, January 28th, Eric Richard Remer sold 8,761 shares of EverCommerce stock. The stock was sold at an average price of $10.56, for a total value of $92,516.16.
• On Thursday, January 23rd, Eric Richard Remer sold 8,552 shares of EverCommerce stock. The stock was sold at an average price of $10.21, for a total value of $87,315.92.
• On Tuesday, January 21st, Eric Richard Remer sold 5,117 shares of EverCommerce stock. The stock was sold at an average price of $10.39, for a total value of $53,165.63.
• On Thursday, January 16th, Eric Richard Remer sold 6,024 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total value of $61,444.80.

EverCommerce Trading Down 3.5 %

EVCM opened at $10.15 on Friday. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35. The stock has a market capitalization of $1.86 billion, a PE ratio of -36.25 and a beta of 1.13. The business’s 50 day moving average price is $10.68 and its 200 day moving average price is $10.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EVCM shares. JMP Securities boosted their target price on EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, November 13th. Barclays boosted their target price on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Oppenheimer boosted their target price on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada boosted their target price on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Piper Sandler boosted their target price on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.56.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EVCM. Woodline Partners LP raised its position in EverCommerce by 24.8% in the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock valued at $5,891,000 after purchasing an additional 106,359 shares during the period. State Street Corp raised its position in EverCommerce by 2.4% in the third quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after purchasing an additional 12,156 shares during the period. Janus Henderson Group PLC raised its position in EverCommerce by 34.6% in the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock valued at $4,716,000 after purchasing an additional 110,183 shares during the period. Northern Trust Corp raised its position in EverCommerce by 4.2% in the fourth quarter. Northern Trust Corp now owns 199,283 shares of the company’s stock valued at $2,194,000 after purchasing an additional 7,954 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in EverCommerce by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock valued at $1,856,000 after purchasing an additional 1,092 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.

EverCommerce Company Profile

EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company’s solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.