Insider Selling: EverCommerce (NASDAQ:EVCM) President Sells 5,000 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $12.17, for a total value of $60,850.00. Following the transaction, the president directly owned 1,984,941 shares of the company’s stock, valued at approximately $24,156,731.97. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, March 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.34, for a total transaction of $113,400.00.
• On Wednesday, February 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was 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 shares were sold at an average price of $12.06, for a total value of $120,600.00.
• On Wednesday, January 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $12.10, for a total value of $60,500.00.
• On Monday, January 5th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were 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 stock was 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 shares were sold at an average price of $10.03, for a total transaction 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 value of $43,172.00.

EverCommerce Price Performance

EverCommerce stock traded up $0.13 during mid-day trading on Friday, hitting $12.26. 132,702 shares of the company were exchanged, compared to its average volume of 144,139. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The business’s 50 day simple moving average is $11.49 and its two-hundred day simple moving average is $11.08. The company has a market capitalization of $2.20 billion, a P/E ratio of -1,224.78, a PEG ratio of 2.51 and a beta of 1.04.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Zacks Research downgraded shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Barclays lowered their target price 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. Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a report on Thursday, January 22nd. Royal Bank Of Canada downgraded EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price objective for the company. in a research report on Monday, January 5th. Finally, Raymond James Financial downgraded EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $11.00.

Institutional Trading of EverCommerce

Institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC acquired a new position in EverCommerce during the second quarter valued at approximately $595,000. Arrowstreet Capital Limited Partnership boosted its position in shares of EverCommerce by 328.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after buying an additional 547,712 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of EverCommerce by 136.9% in the second quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after buying an additional 47,470 shares in the last quarter. Inceptionr LLC purchased a new stake in shares of EverCommerce during the 2nd quarter valued at about $159,000. Finally, Wells Fargo & Company MN raised its holdings in shares of EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after buying an additional 7,085 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.