Matthew David Feierstein Sells 8,963 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 8,963 shares of EverCommerce stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $10.02, for a total value of $89,809.26. Following the completion of the sale, the president now owns 2,408,089 shares of the company’s stock, valued at approximately $24,129,051.78. The trade was a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $158,686.74.
• On Monday, March 3rd, Matthew David Feierstein sold 200 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total value of $2,002.00.
• On Wednesday, February 5th, Matthew David Feierstein sold 5,513 shares of EverCommerce stock. The stock was sold at an average price of $10.07, for a total value 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 value of $28,908.88.
• 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.

EverCommerce Trading Down 0.3 %

NASDAQ EVCM opened at $9.99 on Friday. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -35.68 and a beta of 1.12. The stock’s 50 day moving average price is $10.12 and its two-hundred day moving average price is $10.69. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.35.

EverCommerce (NASDAQ:EVCM) last released 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 firm had revenue of $175.00 million during the quarter, compared to the consensus estimate of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) EPS. As a group, analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Woodline Partners LP raised its stake in shares of EverCommerce by 24.8% during the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock worth $5,891,000 after purchasing an additional 106,359 shares in the last quarter. State Street Corp raised its stake in shares of EverCommerce by 2.4% during the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock worth $5,335,000 after purchasing an additional 12,156 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of EverCommerce by 34.6% during the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock worth $4,716,000 after purchasing an additional 110,183 shares in the last quarter. Northern Trust Corp raised its stake in shares of EverCommerce by 4.2% during the 4th quarter. Northern Trust Corp now owns 199,283 shares of the company’s stock worth $2,194,000 after purchasing an additional 7,954 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of EverCommerce by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock worth $1,856,000 after purchasing an additional 1,092 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Oppenheimer decreased their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Piper Sandler decreased their target price on EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Monday. Royal Bank of Canada cut their price objective on EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Barclays cut their price objective on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Finally, Jefferies Financial Group cut their price objective on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, EverCommerce currently has an average rating of “Hold” and an average price target 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.