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

EverCommerce Inc. (NASDAQ:EVCM) CEO Eric Richard Remer sold 8,012 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $10.58, for a total value of $84,766.96. Following the transaction, the chief executive officer now directly owns 7,744,802 shares in the company, valued at $81,940,005.16. The trade was a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction 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 transaction of $94,176.00.
• On Tuesday, February 11th, Eric Richard Remer sold 13,856 shares of EverCommerce stock. The shares were sold at an average price of $10.81, for a total transaction 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 transaction 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 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 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 transaction of $87,315.92.
• On Tuesday, January 21st, Eric Richard Remer sold 5,117 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $10.20, for a total value of $61,444.80.

EverCommerce Price Performance

EverCommerce stock opened at $10.52 on Friday. 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 firm has a 50-day moving average of $10.73 and a 200-day moving average of $10.77. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EVCM. Charles Schwab Investment Management Inc. grew its position in shares of EverCommerce by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock valued at $1,856,000 after acquiring an additional 1,092 shares during the period. Tower Research Capital LLC TRC grew its holdings in EverCommerce by 145.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock worth $38,000 after purchasing an additional 2,040 shares during the period. BNP Paribas Financial Markets acquired a new position in EverCommerce during the fourth quarter worth approximately $29,000. Wells Fargo & Company MN raised its stake in EverCommerce by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock valued at $116,000 after buying an additional 3,106 shares during the period. Finally, Barclays PLC lifted its position in shares of EverCommerce by 11.2% in the fourth quarter. Barclays PLC now owns 32,989 shares of the company’s stock valued at $363,000 after buying an additional 3,312 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Analyst Ratings Changes

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