Matthew David Feierstein Sells 21,624 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 21,624 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $10.13, for a total transaction of $219,051.12. Following the completion of the transaction, the president now directly owns 2,370,628 shares of the company’s stock, valued at $24,014,461.64. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, March 19th, Matthew David Feierstein sold 15,837 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $158,686.74.
• 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 value of $89,809.26.
• On Monday, March 3rd, Matthew David Feierstein sold 200 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total value 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.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $9.58 on Friday. The firm has a 50 day moving average of $10.11 and a 200-day moving average of $10.68. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35. 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 stock has a market capitalization of $1.76 billion, a PE ratio of -34.21 and a beta of 1.12.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on EVCM. The Goldman Sachs Group reduced their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 14th. Piper Sandler reduced their price target on EverCommerce from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Barclays decreased their price objective on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Royal Bank of Canada dropped their target price on EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Finally, Oppenheimer decreased their price target on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, EverCommerce has an average rating of “Hold” and an average price target of $11.09.

Institutional Trading of EverCommerce

Several large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new position in shares of EverCommerce in the fourth quarter worth about $29,000. Tower Research Capital LLC TRC lifted its stake in EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after purchasing an additional 2,040 shares during the last quarter. Deutsche Bank AG lifted its stake in EverCommerce by 919.0% in the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock valued at $45,000 after purchasing an additional 3,667 shares during the last quarter. Wells Fargo & Company MN boosted its position in 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 buying an additional 3,106 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new stake in shares of EverCommerce during the fourth quarter worth $119,000. 97.91% of the stock is owned by institutional investors and hedge funds.

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.