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

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $12.03, for a total value of $120,300.00. Following the sale, the president directly owned 1,989,941 shares of the company’s stock, valued at approximately $23,938,990.23. This represents a 0.50% 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 Thursday, March 5th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $12.17, for a total value of $60,850.00.
• 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 value of $113,400.00.
• 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 value 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 value 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 shares were sold at an average price of $10.01, for a total transaction of $97,887.79.
• On Monday, December 8th, Matthew David Feierstein sold 4,300 shares of EverCommerce stock. The stock was sold at an average price of $10.04, for a total transaction of $43,172.00.

EverCommerce Stock Up 1.1%

Shares of EverCommerce stock traded up $0.13 during midday trading on Friday, reaching $12.26. 132,702 shares of the company’s stock traded hands, compared to its average volume of 144,139. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41. The company’s 50 day simple moving average is $11.49 and its 200 day simple moving average is $11.08. The company has a market cap of $2.20 billion, a price-to-earnings ratio of -1,224.78, a price-to-earnings-growth ratio of 2.51 and a beta of 1.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. lifted its stake in EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after purchasing an additional 1,667 shares during the period. State of Alaska Department of Revenue bought a new position in shares of EverCommerce during the third quarter valued at $91,000. R Squared Ltd acquired a new stake in shares of EverCommerce in the 3rd quarter valued at $122,000. Prudential Financial Inc. grew its holdings in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of EverCommerce during the 4th quarter worth about $177,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EVCM. Barclays dropped their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Weiss Ratings reiterated 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 research report on Monday, January 5th. Raymond James Financial downgraded shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. 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 MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target 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.