Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) President Sells 5,513 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 5,513 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $10.07, for a total value of $55,515.91. Following the completion of the sale, the president now directly owns 2,187,695 shares of the company’s stock, valued at approximately $22,030,088.65. This trade represents a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction of $220,534.81.
• 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 value 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 1.0 %

Shares of EverCommerce stock traded up $0.10 during trading hours on Wednesday, reaching $10.18. The company’s stock had a trading volume of 170,250 shares, compared to its average volume of 86,572. The stock’s fifty day simple moving average is $11.02 and its two-hundred day simple moving average is $10.85. EverCommerce Inc. has a one year low of $6.22 and a one year high of $12.35. The company has a market capitalization of $1.87 billion, a P/E ratio of -36.36 and a beta of 1.13. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81.

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

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of EverCommerce by 2.4% during the 3rd quarter. State Street Corp now owns 514,965 shares of the company’s stock valued at $5,335,000 after acquiring an additional 12,156 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in EverCommerce by 39.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock valued at $3,740,000 after acquiring an additional 95,934 shares during the period. Millennium Management LLC increased its stake in EverCommerce by 673.4% during the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after purchasing an additional 281,551 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of EverCommerce by 1.2% in the third quarter. Janus Henderson Group PLC now owns 318,136 shares of the company’s stock worth $3,296,000 after purchasing an additional 3,837 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in EverCommerce by 161.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock valued at $1,059,000 after acquiring an additional 63,139 shares during the period. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.