EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer Sells 8,012 Shares

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 8,012 shares of EverCommerce stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $10.58, for a total value of $84,766.96. Following the completion of the sale, the chief executive officer now directly owns 7,744,802 shares of the company's stock, valued at approximately $81,940,005.16. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, February 18th, Eric Richard Remer sold 7,026 shares of EverCommerce stock. The stock was sold at an average price of $10.94, for a total value of $76,864.44.
• 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 shares were 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 shares were 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 shares were 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 shares were 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 Price Performance

Shares of NASDAQ:EVCM traded down $0.32 during trading on Thursday, reaching $10.52. 104,978 shares of the company's stock traded hands, compared to its average volume of 92,490. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.93 billion, a PE ratio of -37.57 and a beta of 1.13. The company has a 50-day simple moving average of $10.76 and a 200-day simple moving average of $10.77.

Institutional Investors Weigh In On EverCommerce

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce during the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC grew its position in shares of EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock valued at $38,000 after acquiring an additional 2,040 shares during the period. Deutsche Bank AG grew its position in shares of EverCommerce by 919.0% during the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock valued at $45,000 after acquiring an additional 3,667 shares during the period. SG Americas Securities LLC acquired a new stake in shares of EverCommerce during the 3rd quarter valued at about $107,000. Finally, Wells Fargo & Company MN grew its position in shares of EverCommerce by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after acquiring an additional 3,106 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on EverCommerce from $12.00 to $14.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. JMP Securities boosted their price objective on EverCommerce from $12.00 to $15.00 and gave the stock a "market outperform" rating in a research note on Wednesday, November 13th. Barclays boosted their price target on EverCommerce from $9.00 to $12.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Piper Sandler upped 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. Finally, Oppenheimer upped 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.56.

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.

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