Matthew David Feierstein Sells 5,513 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 5,513 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $10.07, for a total value of $55,515.91. Following the transaction, the president now directly owns 2,187,695 shares in the company, valued at $22,030,088.65. This trade represents a 0.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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.
• On Monday, December 9th, Matthew David Feierstein sold 7,455 shares of EverCommerce stock. The stock was sold at an average price of $12.06, for a total transaction of $89,907.30.
• On Friday, December 6th, Matthew David Feierstein sold 17,545 shares of EverCommerce stock. The shares were sold at an average price of $11.92, for a total transaction of $209,136.40.

EverCommerce Stock Performance

NASDAQ EVCM opened at $10.31 on Friday. The firm has a 50-day moving average price of $10.94 and a two-hundred day moving average price of $10.83. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $12.35. The company has a market capitalization of $1.89 billion, a P/E ratio of -36.82 and a beta of 1.13. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays upped their price objective on EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Piper Sandler increased 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. Oppenheimer lifted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. JMP Securities increased their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada lifted their target price on shares of EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.56.

Institutional Trading of EverCommerce

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in EverCommerce in the third quarter valued at about $107,000. The Manufacturers Life Insurance Company raised its position in shares of EverCommerce by 10.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after buying an additional 1,089 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of EverCommerce by 19.4% during the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after acquiring an additional 2,700 shares during the period. RIA Advisory Group LLC bought a new stake in shares of EverCommerce during the 3rd quarter worth approximately $241,000. Finally, Barclays PLC boosted its position in shares of EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after acquiring an additional 22,360 shares in the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

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.