EverCommerce CEO Sells 19,200 Shares for $221,184 at $11.52 Average Price
EverCommerce CEO Eric Richard Remer sold 19,200 shares on January 6 at an average price of $11.52, generating $221,184. Following this transaction, his direct holdings decreased by 0.69% to 2,760,818 shares, valued at approximately $31.8 million.
1. CEO’s Recent Share Disposals
On January 6th, EverCommerce CEO Eric Richard Remer executed a sale of 19,200 shares for proceeds totaling $221,184. This transaction reduced his direct ownership by 0.69%, leaving him with 2,760,818 shares valued at approximately $31.8 million. The sale was reported in an SEC Form 4 filing and follows a pattern of monthly dispositions, including nine additional transactions over December totaling 158,017 shares sold for aggregate proceeds of roughly $1.5 million.
2. Company Financial and Trading Metrics
EverCommerce reports a market capitalization of $2.14 billion, a trailing-twelve-month revenue run rate of $612.8 million and a net loss of $677,000 over the same period. The company’s leverage is moderate, with a debt-to-equity ratio of 0.71, and liquidity is solid, with a current ratio of 2.02. Trading activity shows average daily volume near 275,000 shares and a beta of 1.03, while the 50-day and 200-day moving averages stand at values that reflect a relatively tight trading range over recent months.
3. Analyst Ratings and Price Targets
Following the CEO’s sales, research firms have maintained a cautious outlook. Raymond James downgraded the rating to Hold, Zacks Research moved to Hold from Strong Buy, and RBC Capital shifted to Sector Perform. Lake Street Capital and Royal Bank of Canada have set price targets of $11.00 and $12.00, respectively. Among ten analysts covering the stock, two recommend Buy, five recommend Hold and three recommend Sell, yielding a consensus Reduce rating.
4. Institutional Ownership Dynamics
Institutional investors control 97.9% of EverCommerce shares. In the third quarter, Federated Hermes increased its stake by 118.3% to 3,076 shares, while the State of Alaska Department of Revenue and R Squared Ltd initiated positions valued at $91,000 and $122,000, respectively. Prudential Financial added 1,190 shares in the prior quarter, and Inceptionr LLC established a new position valued at $159,000, underscoring continued institutional interest despite insider selling.