Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) President Sells 21,624 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 21,624 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $10.13, for a total value of $219,051.12. Following the transaction, the president now directly owns 2,370,628 shares of the company’s stock, valued at $24,014,461.64. This represents a 0.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 shares were sold at an average price of $10.02, for a total value of $158,686.74.
• On Monday, March 17th, Matthew David Feierstein sold 8,963 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $89,809.26.
• 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 shares were sold at an average price of $10.01, for a total value of $28,908.88.

EverCommerce Price Performance

Shares of NASDAQ EVCM traded down $0.64 during trading on Thursday, reaching $9.77. The company had a trading volume of 201,518 shares, compared to its average volume of 137,159. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.35. The business’s 50 day moving average price is $10.13 and its 200-day moving average price is $10.69. The stock has a market cap of $1.79 billion, a PE ratio of -34.89 and a beta of 1.12. 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 (NASDAQ:EVCM) last posted its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The firm 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 firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.12) EPS. Analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

Several hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in EverCommerce by 34.6% during the 4th 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 period. Woodline Partners LP raised its stake in shares of EverCommerce by 24.8% during the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock worth $5,891,000 after buying an additional 106,359 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in EverCommerce by 161.4% in the third quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock valued at $1,059,000 after buying an additional 63,139 shares during the period. Raymond James Financial Inc. bought a new position in EverCommerce in the fourth quarter valued at approximately $694,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in EverCommerce by 84.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company’s stock worth $1,468,000 after acquiring an additional 61,144 shares during the period. Institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on EVCM. Royal Bank of Canada lowered their price target on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Oppenheimer lowered their target price on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Piper Sandler cut their price target on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group lowered their price target on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, March 14th. Finally, The Goldman Sachs Group dropped their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.09.

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.