EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein Sells 2,888 Shares

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 2,888 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $10.01, for a total value of $28,908.88. Following the completion of the transaction, the president now directly owns 2,209,807 shares in the company, valued at $22,120,168.07. This represents a 0.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $55,515.91.
• 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 value of $220,534.81.
• 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 Stock Performance

Shares of EVCM stock opened at $10.31 on Friday. EverCommerce Inc. has a 12 month low of $6.22 and a 12 month high of $12.35. The stock 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 current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $10.94 and its 200 day moving average is $10.83.

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

Wall Street Analysts Forecast Growth

EVCM has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price target on shares of EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Oppenheimer increased their price target on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Piper Sandler boosted their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. JMP Securities upped their target price on EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, November 13th. Finally, Barclays boosted their price objective 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 research analyst has rated the stock with a sell rating, two have given 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 “Moderate Buy” and a consensus price target of $12.56.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of EverCommerce in the third quarter worth $107,000. The Manufacturers Life Insurance Company raised its stake in EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after purchasing an additional 1,089 shares in the last quarter. Renaissance Technologies LLC lifted its position in EverCommerce by 19.4% during the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after purchasing an additional 2,700 shares during the last quarter. RIA Advisory Group LLC purchased a new position in EverCommerce in the 3rd quarter worth approximately $241,000. Finally, Barclays PLC increased its holdings in shares of EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after buying an additional 22,360 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

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.