EverCommerce (NASDAQ:EVCM) President Matthew David Feierstein Sells 10,000 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $11.66, for a total transaction of $116,600.00. Following the completion of the sale, the president owned 2,080,919 shares of the company’s stock, valued at approximately $24,263,515.54. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a legal 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, January 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.37, for a total transaction of $113,700.00.
• On Wednesday, December 10th, Matthew David Feierstein sold 10,921 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total transaction of $109,537.63.
• On Tuesday, December 9th, Matthew David Feierstein sold 9,779 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total value of $97,887.79.
• 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 value of $284,500.00.

EverCommerce Stock Performance

Shares of EVCM stock traded down $0.05 during midday trading on Tuesday, hitting $11.83. The company had a trading volume of 313,050 shares, compared to its average volume of 306,622. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -1,181.82, a PEG ratio of 2.42 and a beta of 1.03. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. The company’s 50 day simple moving average is $10.47 and its 200 day simple moving average is $10.89. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EVCM shares. Barclays lowered their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Zacks Research downgraded shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Lake Street Capital set a $11.00 price objective on EverCommerce in a report on Tuesday, October 14th. Royal Bank Of Canada downgraded EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price for the company. in a research note on Monday. Finally, Raymond James Financial cut EverCommerce from an “outperform” rating to a “market perform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $11.00.

Institutional Investors Weigh In On EverCommerce

Several institutional investors have recently modified their holdings of the company. Woodline Partners LP increased its position in shares of EverCommerce by 4.7% in the first quarter. Woodline Partners LP now owns 560,506 shares of the company’s stock valued at $5,650,000 after buying an additional 25,412 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of EverCommerce in the second quarter valued at approximately $595,000. Arrowstreet Capital Limited Partnership increased its stake in shares of EverCommerce by 328.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after purchasing an additional 547,712 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in EverCommerce by 136.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after buying an additional 47,470 shares in the last quarter. Finally, Inceptionr LLC acquired a new stake in EverCommerce during the 2nd quarter valued at $159,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

About EverCommerce

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.