EverCommerce Inc. (NASDAQ:EVCM) President Sells $89,809.26 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 8,963 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $10.02, for a total transaction of $89,809.26. Following the sale, the president now owns 2,408,089 shares in the company, valued at $24,129,051.78. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, March 19th, Matthew David Feierstein sold 15,837 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total value of $158,686.74.
• On Monday, March 3rd, Matthew David Feierstein sold 200 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total value of $2,002.00.
• On Wednesday, February 5th, Matthew David Feierstein sold 5,513 shares of EverCommerce stock. The stock was sold at an average price of $10.07, for a total value of $55,515.91.
• On Monday, February 3rd, Matthew David Feierstein sold 2,888 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total transaction of $28,908.88.
• On Thursday, January 2nd, Matthew David Feierstein sold 20,401 shares of EverCommerce stock. The stock was sold at an average price of $10.81, for a total value of $220,534.81.

EverCommerce Stock Up 0.9 %

EVCM opened at $10.08 on Friday. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.35. 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 firm’s fifty day moving average price is $10.12 and its two-hundred day moving average price is $10.69. The company has a market capitalization of $1.85 billion, a P/E ratio of -36.00 and a beta of 1.12.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The business had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. During the same quarter last year, the firm posted ($0.12) earnings per share. EverCommerce’s revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on EVCM. Royal Bank of Canada lowered their price objective on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Barclays dropped their price objective on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Jefferies Financial Group dropped their price target on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Oppenheimer dropped their price target on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Finally, Piper Sandler dropped their target price on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.09.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors have recently added to or reduced their stakes in EVCM. Edgestream Partners L.P. acquired a new stake in EverCommerce in the 3rd quarter valued at $536,000. Janus Henderson Group PLC boosted its stake in shares of EverCommerce by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock valued at $3,296,000 after purchasing an additional 3,837 shares in the last quarter. State Street Corp boosted its stake in shares of EverCommerce by 2.4% in the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after purchasing an additional 12,156 shares in the last quarter. Barclays PLC boosted its stake in shares of EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock valued at $307,000 after purchasing an additional 22,360 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of EverCommerce by 161.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock valued at $1,059,000 after purchasing an additional 63,139 shares in the last quarter. 97.91% of the stock is owned by institutional investors and hedge funds.

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.