EverCommerce Inc. (NASDAQ:EVCM) President Sells $28,908.88 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 2,888 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $10.01, for a total transaction of $28,908.88. Following the completion of the transaction, the president now owns 2,209,807 shares in the company, valued at approximately $22,120,168.07. This trade represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 Thursday, January 2nd, Matthew David Feierstein sold 20,401 shares of EverCommerce stock. The shares were sold at an average price of $10.81, for a total value 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 shares were sold at an average price of $11.92, for a total value of $209,136.40.

EverCommerce Stock Up 1.0 %

EVCM stock traded up $0.10 during mid-day trading on Wednesday, reaching $10.18. 170,250 shares of the company traded hands, compared to its average volume of 86,572. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -36.36 and a beta of 1.13. The firm’s 50 day moving average price is $11.02 and its 200 day moving average price is $10.85. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.35.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $176.26 million for the quarter, compared to analysts’ expectations of $174.87 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities research analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on EVCM shares. JMP Securities lifted their target price on shares of EverCommerce from $12.00 to $15.00 and gave the company a “market outperform” rating in a research note on Wednesday, November 13th. Oppenheimer raised their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Piper Sandler lifted their price target on shares of EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Royal Bank of Canada increased their price target on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Finally, Barclays raised their target price on shares of EverCommerce from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $12.56.

Institutional Trading of EverCommerce

Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC grew its stake in EverCommerce by 673.4% in the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock worth $3,550,000 after buying an additional 281,551 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of EverCommerce by 39.2% in the second quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock worth $3,740,000 after buying an additional 95,934 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of EverCommerce by 161.4% during the third 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 during the period. DekaBank Deutsche Girozentrale purchased a new stake in EverCommerce during the 3rd quarter valued at $570,000. Finally, Edgestream Partners L.P. bought a new stake in shares of EverCommerce in the third quarter worth about $536,000. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

About EverCommerce

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.