Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) President Sells 8,963 Shares of Stock

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

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 stock was sold at an average price of $10.02, for a total transaction 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 transaction of $2,002.00.
• On Wednesday, February 5th, Matthew David Feierstein sold 5,513 shares of EverCommerce stock. The shares were sold at an average price of $10.07, for a total transaction of $55,515.91.
• On Monday, February 3rd, Matthew David Feierstein sold 2,888 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total value 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 Performance

Shares of EverCommerce stock opened at $10.08 on Friday. The company has a market capitalization of $1.85 billion, a PE ratio of -36.00 and a beta of 1.12. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $10.12 and its 200 day simple moving average is $10.69.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The business had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 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 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) EPS. On average, research analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently made changes to their positions in EVCM. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce during the fourth quarter worth $29,000. Tower Research Capital LLC TRC raised its stake in shares of EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after purchasing an additional 2,040 shares during the period. Deutsche Bank AG raised its stake in shares of EverCommerce by 919.0% in the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock valued at $45,000 after purchasing an additional 3,667 shares during the period. Wells Fargo & Company MN raised its stake in shares of EverCommerce by 41.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock valued at $116,000 after purchasing an additional 3,106 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new stake in EverCommerce in the 4th quarter valued at approximately $119,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EVCM. Jefferies Financial Group cut their price target on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Oppenheimer cut their target price on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Royal Bank of Canada cut their price objective on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. The Goldman Sachs Group cut their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 14th. Finally, Barclays cut their price objective on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.09.

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.