EverCommerce (NASDAQ:EVCM) President Matthew David Feierstein Sells 10,000 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of EverCommerce stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $11.34, for a total value of $113,400.00. Following the completion of the sale, the president directly owned 2,014,214 shares in the company, valued at $22,841,186.76. This represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, February 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $10.80, for a total value of $108,000.00.
• On Monday, February 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $12.06, for a total transaction of $120,600.00.
• On Wednesday, January 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were sold at an average price of $12.10, for a total transaction of $60,500.00.
• On Monday, January 5th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.66, for a total transaction of $116,600.00.
• On Friday, January 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.37, for a total transaction of $113,700.00.
• On Wednesday, December 10th, Matthew David Feierstein sold 10,921 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total value of $109,537.63.
• On Tuesday, December 9th, Matthew David Feierstein sold 9,779 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total value of $97,887.79.
• On Monday, December 8th, Matthew David Feierstein sold 4,300 shares of EverCommerce stock. The shares were sold at an average price of $10.04, for a total transaction of $43,172.00.

EverCommerce Stock Performance

NASDAQ:EVCM opened at $11.61 on Wednesday. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -1,159.84, a PEG ratio of 2.30 and a beta of 1.04. The company’s 50-day moving average is $11.48 and its two-hundred day moving average is $11.06. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02.

Institutional Investors Weigh In On EverCommerce

Hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. increased its stake in EverCommerce by 118.3% in the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after purchasing an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of EverCommerce in the 3rd quarter valued at $91,000. R Squared Ltd acquired a new stake in EverCommerce during the 3rd quarter worth $122,000. Prudential Financial Inc. lifted 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 acquiring an additional 1,190 shares during the last quarter. Finally, Inceptionr LLC purchased a new stake in EverCommerce in the second quarter valued at $159,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EVCM shares. Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Raymond James Financial downgraded EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a research note on Thursday, January 22nd. Royal Bank Of Canada lowered shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price on the stock. in a report on Monday, January 5th. Finally, Barclays dropped their price target on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $11.00.

EverCommerce Company Profile

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.