Matthew David Feierstein Sells 20,401 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 20,401 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $10.81, for a total transaction of $220,534.81. Following the transaction, the president now owns 2,217,294 shares in the company, valued at approximately $23,968,948.14. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 shares were sold at an average price of $11.92, for a total transaction of $209,136.40.

EverCommerce Trading Up 2.0 %

NASDAQ:EVCM opened at $10.97 on Monday. The firm has a market cap of $2.01 billion, a P/E ratio of -39.18 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. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35. The firm’s fifty day moving average is $11.50 and its 200-day moving average is $10.97.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results 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). The business had revenue of $176.26 million during the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce’s revenue was up .9% compared to the same quarter last year. Equities analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada increased their target price on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Oppenheimer raised their target price on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a report 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 report on Wednesday, November 13th. Piper Sandler increased their price objective on shares of EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Finally, JMP Securities increased their target price on EverCommerce from $12.00 to $15.00 and gave the company a “market 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 given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

Institutional Trading of EverCommerce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in shares of EverCommerce by 673.4% in the second quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after buying an additional 281,551 shares in the last quarter. Barclays PLC boosted its stake in EverCommerce by 305.6% in the third quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after acquiring an additional 22,360 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in EverCommerce in the third quarter valued at approximately $570,000. Dimensional Fund Advisors LP lifted its position in shares of EverCommerce by 39.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after buying an additional 95,934 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in EverCommerce during the third quarter valued at about $536,000. 97.91% of the stock is owned by institutional investors.

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.