EverCommerce Inc. (NASDAQ:EVCM) President Sells $220,534.81 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 20,401 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.81, for a total value of $220,534.81. Following the completion of the transaction, the president now directly owns 2,217,294 shares in the company, valued at $23,968,948.14. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 value of $89,907.30.
• On Friday, December 6th, Matthew David Feierstein sold 17,545 shares of EverCommerce stock. The stock was sold at an average price of $11.92, for a total value of $209,136.40.

EverCommerce Price Performance

Shares of EVCM traded up $0.22 during trading hours on Friday, reaching $10.97. The stock had a trading volume of 65,824 shares, compared to its average volume of 85,162. The stock has a market capitalization of $2.01 billion, a PE ratio of -39.18 and a beta of 1.12. EverCommerce Inc. has a 12 month low of $6.22 and a 12 month high of $12.35. 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 company’s 50-day moving average is $11.49 and its two-hundred day moving average is $10.95.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The firm had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce’s revenue for the quarter was up .9% compared to the same quarter last year. Research analysts expect that EverCommerce Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC increased its stake in shares of EverCommerce by 673.4% in the second quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after buying an additional 281,551 shares during the period. Dimensional Fund Advisors LP boosted its holdings in EverCommerce by 39.2% in the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after acquiring an additional 95,934 shares during the last quarter. JPMorgan Chase & Co. increased its position in EverCommerce by 161.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock valued at $1,059,000 after purchasing an additional 63,139 shares during the period. DekaBank Deutsche Girozentrale bought a new position in EverCommerce during the 3rd quarter worth approximately $570,000. Finally, Edgestream Partners L.P. acquired a new position in shares of EverCommerce in the 3rd quarter worth approximately $536,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.