Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) President Sells $220,534.81 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 20,401 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.81, for a total value of $220,534.81. Following the transaction, the president now owns 2,217,294 shares in the company, valued at approximately $23,968,948.14. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, December 9th, Matthew David Feierstein sold 7,455 shares of EverCommerce stock. The stock was sold at an average price of $12.06, for a total transaction of $89,907.30.
• On Friday, December 6th, Matthew David Feierstein sold 17,545 shares of EverCommerce stock. The stock was sold at an average price of $11.92, for a total transaction of $209,136.40.

EverCommerce Stock Up 2.0 %

Shares of EVCM opened at $10.97 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The company has a market capitalization of $2.01 billion, a P/E ratio of -39.18 and a beta of 1.12. The business’s 50 day simple moving average is $11.50 and its 200-day simple moving average is $10.97. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The company had revenue of $176.26 million for the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, sell-side analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada raised their price target on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Piper Sandler upped their price target on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Oppenheimer raised their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays boosted their price target on EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, JMP Securities increased their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.56.

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in EverCommerce in the third quarter valued at approximately $107,000. The Manufacturers Life Insurance Company grew its stake in EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock valued at $125,000 after acquiring an additional 1,089 shares during the period. Renaissance Technologies LLC grew its position in shares of EverCommerce by 19.4% in the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock valued at $182,000 after purchasing an additional 2,700 shares during the period. RIA Advisory Group LLC acquired a new position in shares of EverCommerce in the third quarter valued at approximately $241,000. Finally, Barclays PLC increased its holdings in EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after purchasing an additional 22,360 shares in the last quarter. 97.91% of the stock is 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.