EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein Sells 1,915 Shares

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 1,915 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $11.07, for a total value of $21,199.05. Following the transaction, the president now owns 2,297,604 shares of the company’s stock, valued at $25,434,476.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, June 7th, Matthew David Feierstein sold 4,273 shares of EverCommerce stock. The stock was sold at an average price of $9.52, for a total value of $40,678.96.
• On Tuesday, June 4th, Matthew David Feierstein sold 1,820 shares of EverCommerce stock. The stock was sold at an average price of $9.50, for a total value of $17,290.00.
• On Tuesday, May 28th, Matthew David Feierstein sold 4,582 shares of EverCommerce stock. The stock was sold at an average price of $10.16, for a total value of $46,553.12.

EverCommerce Stock Performance

Shares of NASDAQ EVCM traded down $0.10 during midday trading on Wednesday, hitting $11.14. 94,883 shares of the company’s stock were exchanged, compared to its average volume of 161,482. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.66. EverCommerce Inc. has a 12 month low of $6.22 and a 12 month high of $12.32. The company’s 50 day moving average price is $9.96 and its 200 day moving average price is $9.81. The firm has a market capitalization of $2.06 billion, a PE ratio of -53.05 and a beta of 1.10.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $170.10 million during the quarter, compared to the consensus estimate of $162.11 million. EverCommerce had a negative net margin of 6.02% and a negative return on equity of 4.92%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) earnings per share. As a group, analysts predict that EverCommerce Inc. will post -0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVCM. Raymond James Financial Services Advisors Inc. raised its holdings in EverCommerce by 7.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock valued at $254,000 after acquiring an additional 1,500 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of EverCommerce during the 4th quarter worth $391,000. Great Lakes Advisors LLC raised its holdings in shares of EverCommerce by 42.9% during the 4th quarter. Great Lakes Advisors LLC now owns 203,863 shares of the company’s stock worth $2,249,000 after buying an additional 61,236 shares in the last quarter. Quest Partners LLC acquired a new position in shares of EverCommerce during the 4th quarter worth $135,000. Finally, RIA Advisory Group LLC acquired a new position in shares of EverCommerce during the 1st quarter worth $242,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $12.00 price target on shares of EverCommerce in a report on Friday, March 15th. Barclays reduced their target price on EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 15th. Royal Bank of Canada reduced their target price on EverCommerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.00 target price (down previously from $11.00) on shares of EverCommerce in a research report on Friday, March 15th. Finally, Canaccord Genuity Group lifted their target price on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, EverCommerce has an average rating of “Moderate Buy” and a consensus price target of $11.40.

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.