EverCommerce Inc. (NASDAQ:EVCM) President Sells $89,809.26 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 8,963 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $10.02, for a total transaction of $89,809.26. Following the sale, the president now owns 2,408,089 shares of the company’s stock, valued at approximately $24,129,051.78. This represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, March 19th, Matthew David Feierstein sold 15,837 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $158,686.74.
• On Monday, March 3rd, Matthew David Feierstein sold 200 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total transaction of $2,002.00.
• 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 transaction of $55,515.91.
• On Monday, February 3rd, Matthew David Feierstein sold 2,888 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total transaction of $28,908.88.
• On Thursday, January 2nd, Matthew David Feierstein sold 20,401 shares of EverCommerce stock. The shares were sold at an average price of $10.81, for a total transaction of $220,534.81.

EverCommerce Stock Up 0.4 %

EVCM stock traded up $0.04 during mid-day trading on Wednesday, hitting $10.02. 197,459 shares of the company were exchanged, compared to its average volume of 134,367. 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 market cap of $1.84 billion, a P/E ratio of -35.78 and a beta of 1.12. The firm’s 50 day simple moving average is $10.13 and its 200 day simple moving average is $10.70. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.35.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. On average, sell-side analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp acquired a new stake in shares of EverCommerce in the fourth quarter valued at approximately $127,000. Woodline Partners LP raised its holdings in shares of EverCommerce by 24.8% in the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock valued at $5,891,000 after purchasing an additional 106,359 shares during the last quarter. State of Wyoming raised its holdings in shares of EverCommerce by 245.4% in the fourth quarter. State of Wyoming now owns 32,875 shares of the company’s stock valued at $362,000 after purchasing an additional 23,356 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of EverCommerce in the fourth quarter valued at approximately $143,000. Finally, Janus Henderson Group PLC raised its holdings in shares of EverCommerce by 34.6% in the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock valued at $4,716,000 after purchasing an additional 110,183 shares during the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EVCM has been the subject of a number of recent research reports. Royal Bank of Canada dropped their price objective on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Barclays lowered their target price on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Jefferies Financial Group decreased their price objective on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, March 14th. The Goldman Sachs Group decreased their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 14th. Finally, Piper Sandler decreased their price objective on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.09.

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.