EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein Sells 5,513 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 5,513 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.07, for a total transaction of $55,515.91. Following the completion of the transaction, the president now owns 2,187,695 shares in the company, valued at $22,030,088.65. The trade was a 0.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 stock was 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 stock was 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 transaction of $209,136.40.

EverCommerce Trading Up 1.0 %

Shares of EVCM opened at $10.18 on Thursday. 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 cap of $1.87 billion, a PE ratio of -36.36 and a beta of 1.13. EverCommerce Inc. has a 1 year low of $6.22 and a 1 year high of $12.35. The stock has a 50 day simple moving average of $11.02 and a 200-day simple moving average of $10.85.

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 the consensus estimate of ($0.01) by ($0.04). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EVCM has been the subject of a number of research reports. JMP Securities increased their price target on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, November 13th. Oppenheimer increased their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” 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 company an “equal weight” rating in a research note on Wednesday, November 13th. Piper Sandler raised their price objective on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada boosted their price objective on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.56.

Hedge Funds Weigh In On EverCommerce

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of EverCommerce by 161.4% during the third quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after buying an additional 63,139 shares in the last quarter. Barclays PLC grew its position in EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after acquiring an additional 22,360 shares during the last quarter. State Street Corp increased its holdings in EverCommerce by 2.4% during the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after purchasing an additional 12,156 shares in the last quarter. Janus Henderson Group PLC raised its position in EverCommerce by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock valued at $3,296,000 after purchasing an additional 3,837 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in EverCommerce in the third quarter worth $536,000. 97.91% of the stock is owned by institutional investors.

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.