EverCommerce (NASDAQ:EVCM) President Matthew David Feierstein Sells 25,000 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 25,000 shares of EverCommerce stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $11.24, for a total transaction of $281,000.00. Following the completion of the sale, the president owned 2,211,383 shares of the company’s stock, valued at $24,855,944.92. This represents a 1.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, August 1st, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The shares were sold at an average price of $10.18, for a total transaction of $254,500.00.
• On Tuesday, July 1st, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The shares were sold at an average price of $10.53, for a total transaction of $263,250.00.

EverCommerce Stock Performance

Shares of EVCM stock opened at $11.39 on Thursday. The firm has a market capitalization of $2.06 billion, a PE ratio of -94.91, a price-to-earnings-growth ratio of 9.52 and a beta of 1.06. The firm has a fifty day simple moving average of $10.94 and a two-hundred day simple moving average of $10.34. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.70. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.34.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $148.02 million during the quarter, compared to analyst estimates of $145.80 million. EverCommerce had a negative net margin of 3.27% and a negative return on equity of 1.96%. EverCommerce’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.02) EPS. Analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on EVCM shares. Oppenheimer restated an “outperform” rating and set a $13.00 price target (up previously from $12.00) on shares of EverCommerce in a research note on Thursday, August 7th. Piper Sandler boosted their price target on shares of EverCommerce from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Canaccord Genuity Group boosted their price target on shares of EverCommerce from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Barclays boosted their price target on shares of EverCommerce from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Finally, Zacks Research raised shares of EverCommerce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.50.

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in EverCommerce during the 4th quarter worth $29,000. Tower Research Capital LLC TRC boosted its holdings in shares of EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock worth $38,000 after buying an additional 2,040 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of EverCommerce by 919.0% in the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock worth $45,000 after buying an additional 3,667 shares during the last quarter. EntryPoint Capital LLC purchased a new position in shares of EverCommerce in the 1st quarter worth about $102,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of EverCommerce by 41.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after buying an additional 3,106 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other 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.