Eric Richard Remer Sells 13,856 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 13,856 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $10.81, for a total value of $149,783.36. Following the completion of the sale, the chief executive officer now owns 7,783,096 shares in the company, valued at approximately $84,135,267.76. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, February 13th, Eric Richard Remer sold 8,720 shares of EverCommerce stock. The shares were sold at an average price of $10.80, for a total transaction of $94,176.00.
• 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 transaction 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 transaction 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 transaction of $61,444.80.
• On Tuesday, January 14th, Eric Richard Remer sold 5,713 shares of EverCommerce stock. The stock was sold at an average price of $10.15, for a total transaction of $57,986.95.
• On Tuesday, January 7th, Eric Richard Remer sold 5,453 shares of EverCommerce stock. The stock was sold at an average price of $10.56, for a total value of $57,583.68.

EverCommerce Price Performance

NASDAQ EVCM traded down $0.15 during trading hours on Monday, reaching $10.75. The company's stock had a trading volume of 65,558 shares, compared to its average volume of 86,181. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The company's 50-day moving average is $10.82 and its two-hundred day moving average is $10.78. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The stock has a market cap of $1.97 billion, a PE ratio of -38.39 and a beta of 1.13.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EVCM shares. Barclays boosted their price target on shares of EverCommerce from $9.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. JMP Securities raised their price target on EverCommerce from $12.00 to $15.00 and gave the company a "market outperform" rating in a report on Wednesday, November 13th. Royal Bank of Canada increased their price objective on EverCommerce from $12.00 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Oppenheimer boosted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Finally, Piper Sandler raised their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $12.56.

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently modified their holdings of EVCM. Occudo Quantitative Strategies LP acquired a new position in shares of EverCommerce during the 4th quarter worth approximately $143,000. Janus Henderson Group PLC increased its position in EverCommerce by 34.6% during the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock worth $4,716,000 after buying an additional 110,183 shares in the last quarter. Deutsche Bank AG increased its position in EverCommerce by 919.0% during the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock worth $45,000 after buying an additional 3,667 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of EverCommerce in the fourth quarter worth $119,000. Finally, Bank of America Corp DE lifted its position in shares of EverCommerce by 13.5% in the fourth quarter. Bank of America Corp DE now owns 44,820 shares of the company's stock valued at $493,000 after acquiring an additional 5,347 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.

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.