EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein Sells 20,401 Shares

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 20,401 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $10.81, for a total transaction of $220,534.81. Following the completion of the transaction, the president now owns 2,217,294 shares in the company, valued at $23,968,948.14. This represents a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction 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 transaction of $209,136.40.

EverCommerce Stock Performance

EverCommerce stock traded up $0.22 during trading hours on Friday, reaching $10.97. 65,824 shares of the stock were exchanged, compared to its average volume of 85,162. EverCommerce Inc. has a 52-week low of $6.22 and a 52-week high of $12.35. The stock has a market cap of $2.01 billion, a P/E ratio of -39.18 and a beta of 1.12. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The firm's 50 day moving average is $11.50 and its 200 day moving average is $10.95.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted 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). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm had revenue of $176.26 million for the quarter, compared to analysts' expectations of $174.87 million. EverCommerce's quarterly revenue was up .9% compared to the same quarter last year. Analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EVCM. Millennium Management LLC grew its position in EverCommerce by 673.4% during the second 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 during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of EverCommerce in the 3rd quarter worth approximately $570,000. Dimensional Fund Advisors LP grew its holdings in shares of EverCommerce by 39.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company's stock worth $3,740,000 after acquiring an additional 95,934 shares during the period. Edgestream Partners L.P. purchased a new position in EverCommerce in the 3rd quarter valued at approximately $536,000. Finally, Janus Henderson Group PLC raised its holdings in EverCommerce by 1.2% during the third quarter. Janus Henderson Group PLC now owns 318,136 shares of the company's stock worth $3,296,000 after purchasing an additional 3,837 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.

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.