Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) President Sells 7,455 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 7,455 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $12.06, for a total value of $89,907.30. Following the sale, the president now owns 2,239,169 shares in the company, valued at approximately $27,004,378.14. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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

Shares of EVCM traded down $0.36 during mid-day trading on Tuesday, hitting $11.77. The stock had a trading volume of 130,482 shares, compared to its average volume of 138,430. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The company has a market cap of $2.16 billion, a PE ratio of -42.04 and a beta of 1.12. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The company’s fifty day simple moving average is $11.08 and its two-hundred day simple moving average is $10.74.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share 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 business had revenue of $176.26 million for the quarter, compared to the consensus estimate of $174.87 million. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On EverCommerce

Several large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in shares of EverCommerce during the third quarter valued at $107,000. The Manufacturers Life Insurance Company grew its position in EverCommerce by 10.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after purchasing an additional 1,089 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of EverCommerce by 19.4% in 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 period. RIA Advisory Group LLC bought a new stake in shares of EverCommerce during the third quarter valued at approximately $241,000. Finally, Barclays PLC boosted its position in shares of EverCommerce by 305.6% during the third 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 period. 97.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EVCM. Royal Bank of Canada upped their target price 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. Piper Sandler raised their target price on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Barclays boosted their price target on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. JMP Securities raised their price objective on EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Finally, Oppenheimer upped their target price on EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

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.