Matthew David Feierstein Sells 2,888 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 2,888 shares of EverCommerce stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $10.01, for a total value of $28,908.88. Following the sale, the president now directly owns 2,209,807 shares of the company’s stock, valued at $22,120,168.07. This trade represents a 0.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 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.
• 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 transaction 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 Price Performance

Shares of NASDAQ EVCM opened at $10.18 on Friday. 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 cap of $1.87 billion, a PE ratio of -36.36 and a beta of 1.13. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35. The firm has a fifty day moving average of $10.98 and a 200 day moving average of $10.84.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The company had revenue of $176.26 million for the quarter, compared to analysts’ expectations of $174.87 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. EverCommerce’s quarterly revenue was up .9% compared to the same quarter last year. As a group, research analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EVCM shares. Piper Sandler lifted their price objective on EverCommerce from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Royal Bank of Canada lifted their price target on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays upped their price objective on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. JMP Securities lifted their target price 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. Finally, Oppenheimer increased their price target on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.56.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted 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 worth $3,550,000 after acquiring an additional 281,551 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in EverCommerce by 39.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after purchasing an additional 95,934 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in EverCommerce by 161.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after purchasing an additional 63,139 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in EverCommerce during the 4th quarter worth $694,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of EverCommerce during the third quarter worth $570,000. 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.