EverCommerce Inc. (NASDAQ:EVCM) President Sells $263,250.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $10.53, for a total value of $263,250.00. Following the transaction, the president directly owned 2,270,672 shares in the company, valued at approximately $23,910,176.16. This represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, June 2nd, Matthew David Feierstein sold 429 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total value of $4,290.00.
• On Monday, May 5th, Matthew David Feierstein sold 24,300 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total value of $243,486.00.
• On Friday, May 2nd, Matthew David Feierstein sold 700 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total value of $7,000.00.

EverCommerce Price Performance

Shares of EVCM stock opened at $10.88 on Friday. The firm has a market cap of $1.99 billion, a P/E ratio of -60.42 and a beta of 1.05. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.35. The business’s 50 day moving average price is $10.16 and its 200-day moving average price is $10.23. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.29 and a current ratio of 2.29.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $142.27 million during the quarter, compared to the consensus estimate of $146.28 million. EverCommerce had a negative return on equity of 3.13% and a negative net margin of 4.84%. EverCommerce’s quarterly revenue was down 16.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.09) earnings per share. On average, equities research analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EVCM has been the topic of a number of research reports. Jefferies Financial Group decreased their price objective on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, March 14th. Barclays raised their price target on EverCommerce from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Piper Sandler reduced their price target on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group reduced their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 14th. Finally, Canaccord Genuity Group raised their price target on EverCommerce from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.36.

Institutional Investors Weigh In On EverCommerce

A number of large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in shares of EverCommerce by 48.6% in the 4th quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company’s stock valued at $1,695,000 after purchasing an additional 49,745 shares during the period. Raymond James Financial Inc. purchased a new position in shares of EverCommerce in the 4th quarter valued at approximately $694,000. GAMMA Investing LLC lifted its stake in shares of EverCommerce by 838.8% in the 1st quarter. GAMMA Investing LLC now owns 7,116 shares of the company’s stock valued at $706,000 after purchasing an additional 6,358 shares during the period. Woodline Partners LP lifted its stake in shares of EverCommerce by 24.8% in the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock valued at $5,891,000 after purchasing an additional 106,359 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of EverCommerce by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock valued at $1,856,000 after purchasing an additional 1,092 shares during the period. 97.91% of the stock is currently 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.