EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) President Matthew David Feierstein sold 1,052 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $10.05, for a total value of $10,572.60. Following the completion of the sale, the president owned 2,095,202 shares in the company, valued at approximately $21,056,780.10. This represents a 0.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Matthew David Feierstein also recently made the following trade(s):
- On Monday, June 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.26, for a total value of $112,600.00.
- On Wednesday, May 6th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $10.83, for a total value of $54,150.00.
- On Monday, May 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.87, for a total value of $118,700.00.
- On Friday, May 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.94, for a total value of $119,400.00.
- On Tuesday, April 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were sold at an average price of $11.40, for a total value of $57,000.00.
- On Monday, April 6th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.90, for a total value of $119,000.00.
- On Wednesday, April 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.43, for a total value of $114,300.00.
- On Thursday, March 5th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were sold at an average price of $12.17, for a total value of $60,850.00.
EverCommerce Price Performance
Shares of NASDAQ:EVCM opened at $9.20 on Friday. The business’s fifty day moving average price is $11.11 and its two-hundred day moving average price is $11.05. The stock has a market cap of $1.63 billion, a PE ratio of 54.12, a price-to-earnings-growth ratio of 2.02 and a beta of 0.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Federated Hermes Inc. raised its position in shares of EverCommerce by 118.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after buying an additional 1,667 shares during the period. R Squared Ltd purchased a new position in EverCommerce in the third quarter valued at about $122,000. Prudential Financial Inc. raised its position in EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after purchasing an additional 1,190 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in EverCommerce in the fourth quarter valued at about $177,000. Finally, BNP Paribas Financial Markets raised its position in EverCommerce by 863.2% in the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after purchasing an additional 13,734 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
EVCM has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Canaccord Genuity Group raised their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Oppenheimer restated an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Weiss Ratings cut EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Citizens Jmp cut EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.25.
Get Our Latest Analysis on EVCM
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.
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