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

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 15,837 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.02, for a total transaction of $158,686.74. Following the sale, the president now directly owns 2,392,252 shares of the company’s stock, valued at approximately $23,970,365.04. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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 stock was 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 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.

EverCommerce Price Performance

Shares of EVCM stock opened at $10.02 on Thursday. EverCommerce Inc. has a 52-week low of $8.10 and a 52-week 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 firm has a market capitalization of $1.84 billion, a P/E ratio of -35.78 and a beta of 1.12. The stock has a 50 day moving average price of $10.13 and a 200 day moving average price of $10.70.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The business had revenue of $175.00 million for the quarter, compared to analysts’ expectations of $170.48 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.12) earnings per share. As a group, sell-side analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank of Canada lowered their target price on EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Barclays reduced their price target on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. Piper Sandler lowered their target price on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday. Jefferies Financial Group lowered their price objective on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Finally, The Goldman Sachs Group reduced their target price on EverCommerce from $9.00 to $8.00 and set a “sell” 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.09.

Hedge Funds Weigh In On EverCommerce

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new position in shares of EverCommerce during the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC grew its position in EverCommerce by 145.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock worth $38,000 after acquiring an additional 2,040 shares during the period. Deutsche Bank AG boosted its position in shares of EverCommerce by 919.0% during the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock worth $45,000 after buying an additional 3,667 shares during the period. Wells Fargo & Company MN raised its stake in shares of EverCommerce by 41.7% in the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock valued at $116,000 after acquiring 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.