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

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $11.43, for a total value of $114,300.00. Following the sale, the president directly owned 2,180,606 shares in the company, valued at approximately $24,924,326.58. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, March 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $12.03, for a total value of $120,300.00.
• On Thursday, March 5th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were 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 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 stock was 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 shares were 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.

EverCommerce Stock Performance

NASDAQ:EVCM remained flat at $11.71 during mid-day trading on Friday. 131,062 shares of the company traded hands, compared to its average volume of 167,143. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 130.13, a P/E/G ratio of 2.54 and a beta of 1.00. The stock’s fifty day moving average is $11.13 and its 200 day moving average is $11.06.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) earnings per share. As a group, analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

EVCM has been the topic of several recent research reports. Citizens Jmp downgraded EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Wall Street Zen upgraded EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Royal Bank Of Canada cut their price objective on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Zacks Research downgraded shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Oppenheimer restated an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.71.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its position in shares of EverCommerce by 328.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock valued at $7,502,000 after purchasing an additional 547,712 shares in the last quarter. Tudor Investment Corp ET AL increased its holdings in EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after purchasing an additional 83,794 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after buying an additional 11,996 shares during the period. Goldman Sachs Group Inc. lifted its stake in EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after buying an additional 50,854 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of EverCommerce by 111.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock worth $749,000 after buying an additional 34,979 shares in the last quarter. 97.91% of the stock is owned by institutional investors.

About EverCommerce

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.