EverCommerce (NASDAQ:EVCM) President Sells $97,887.79 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 9,779 shares of EverCommerce stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $10.01, for a total value of $97,887.79. Following the completion of the sale, the president directly owned 2,111,840 shares in the company, valued at $21,139,518.40. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 10th, Matthew David Feierstein sold 10,921 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total value of $109,537.63.
• On Monday, December 8th, Matthew David Feierstein sold 4,300 shares of EverCommerce stock. The shares were sold at an average price of $10.04, for a total value of $43,172.00.
• On Monday, November 3rd, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The stock was sold at an average price of $11.38, for a total transaction of $284,500.00.

EverCommerce Price Performance

Shares of EverCommerce stock traded up $0.40 during trading hours on Wednesday, reaching $10.37. 392,012 shares of the company’s stock were exchanged, compared to its average volume of 283,404. The business has a fifty day moving average of $10.14 and a two-hundred day moving average of $10.59. The company has a market capitalization of $1.86 billion, a P/E ratio of -1,035.96, a price-to-earnings-growth ratio of 5.02 and a beta of 1.07. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $12.34.

Institutional Trading of EverCommerce

Several institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL lifted its holdings in EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after acquiring an additional 83,794 shares during the last quarter. Zacks Investment Management acquired a new stake in EverCommerce during the third quarter worth $418,000. Two Sigma Investments LP purchased a new stake in EverCommerce in the 3rd quarter valued at about $371,000. BNP Paribas Financial Markets raised its stake in shares of EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after acquiring an additional 13,734 shares during the period. Finally, Inceptionr LLC grew its stake in shares of EverCommerce by 177.6% in the third quarter. Inceptionr LLC now owns 42,051 shares of the company’s stock valued at $468,000 after buying an additional 26,902 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EVCM. Lake Street Capital set a $11.00 price objective on shares of EverCommerce in a research note on Tuesday, October 14th. Royal Bank Of Canada lowered their target price on EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. Zacks Research upgraded EverCommerce from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Finally, Barclays lowered their price objective on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, EverCommerce has an average rating of “Hold” and an average price target of $11.00.

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.