EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein Sells 15,837 Shares

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 15,837 shares of EverCommerce stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $10.02, for a total transaction of $158,686.74. Following the completion of the sale, the president now owns 2,392,252 shares of the company’s stock, valued at $23,970,365.04. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 17th, Matthew David Feierstein sold 8,963 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $10.01, for a total transaction of $2,002.00.
• On Wednesday, February 5th, Matthew David Feierstein sold 5,513 shares of EverCommerce stock. The shares were sold at an average price of $10.07, for a total transaction 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 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.

EverCommerce Price Performance

Shares of EVCM stock traded up $0.04 during mid-day trading on Wednesday, reaching $10.02. The company’s stock had a trading volume of 197,459 shares, compared to its average volume of 134,367. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.35. The company has a market cap of $1.84 billion, a P/E ratio of -35.78 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. The firm’s 50-day moving average is $10.13 and its two-hundred day moving average is $10.70.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business had revenue of $175.00 million during the quarter, compared to analyst estimates of $170.48 million. During the same quarter in the prior year, the company posted ($0.12) EPS. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Analysts Set New Price Targets

EVCM has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 14th. Barclays decreased their price objective on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Oppenheimer decreased their price objective on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Piper Sandler decreased their price objective on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a report on Monday. Finally, Jefferies Financial Group decreased their price objective on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.09.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds have recently made changes to their positions in EVCM. BNP Paribas Financial Markets acquired a new position in shares of EverCommerce in the 4th quarter valued at $29,000. Tower Research Capital LLC TRC increased its position in shares of EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock worth $38,000 after purchasing an additional 2,040 shares in the last quarter. Deutsche Bank AG increased its position in shares of EverCommerce by 919.0% during the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock worth $45,000 after purchasing an additional 3,667 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of EverCommerce by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after purchasing an additional 3,106 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of EverCommerce during the 4th quarter worth about $119,000. Institutional investors and hedge funds 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.