EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein Sells 2,888 Shares

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 2,888 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $10.01, for a total value of $28,908.88. Following the completion of the sale, the president now directly owns 2,209,807 shares of the company’s stock, valued at approximately $22,120,168.07. This represents a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Matthew David Feierstein also recently made the following trade(s):

• On Wednesday, February 5th, Matthew David Feierstein sold 5,513 shares of EverCommerce stock. The shares were sold at an average price of $10.07, for a total value of $55,515.91.
• On Thursday, January 2nd, Matthew David Feierstein sold 20,401 shares of EverCommerce stock. The stock was sold at an average price of $10.81, for a total value of $220,534.81.
• On Monday, December 9th, Matthew David Feierstein sold 7,455 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total transaction of $89,907.30.
• On Friday, December 6th, Matthew David Feierstein sold 17,545 shares of EverCommerce stock. The shares were sold at an average price of $11.92, for a total transaction of $209,136.40.

EverCommerce Price Performance

Shares of NASDAQ EVCM opened at $10.18 on Friday. The stock has a market cap of $1.87 billion, a P/E ratio of -36.36 and a beta of 1.13. The business’s fifty day simple moving average is $10.98 and its 200-day simple moving average is $10.84. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $12.35. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $176.26 million for the quarter, compared to analysts’ expectations of $174.87 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JMP Securities boosted their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, November 13th. Barclays increased their price objective on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Oppenheimer lifted their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Royal Bank of Canada upped their price target on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Piper Sandler lifted their price objective on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

Institutional Trading of EverCommerce

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in EverCommerce during the 3rd quarter worth approximately $107,000. The Manufacturers Life Insurance Company grew its stake in shares of EverCommerce by 10.6% during the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after purchasing an additional 1,089 shares in the last quarter. Renaissance Technologies LLC increased its holdings in EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after buying an additional 2,700 shares during the last quarter. RIA Advisory Group LLC acquired a new stake in EverCommerce in the third quarter valued at $241,000. Finally, Barclays PLC lifted its holdings in EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after buying an additional 22,360 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

About EverCommerce

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.