EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein Sells 5,513 Shares

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 5,513 shares of EverCommerce stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $10.07, for a total value of $55,515.91. Following the sale, the president now directly owns 2,187,695 shares of the company's stock, valued at $22,030,088.65. This represents a 0.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, February 3rd, Matthew David Feierstein sold 2,888 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total transaction of $28,908.88.
• 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 transaction of $220,534.81.
• On Monday, December 9th, Matthew David Feierstein sold 7,455 shares of EverCommerce stock. The shares were 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 stock was sold at an average price of $11.92, for a total value of $209,136.40.

EverCommerce Price Performance

EVCM stock traded up $0.13 during midday trading on Friday, reaching $10.31. 113,119 shares of the stock were exchanged, compared to its average volume of 86,181. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35. The company has a fifty day moving average price of $10.94 and a 200 day moving average price of $10.82. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm had revenue of $176.26 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. On average, sell-side analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On EverCommerce

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in EverCommerce by 39.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company's stock worth $3,740,000 after purchasing an additional 95,934 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of EverCommerce by 19.4% in the second quarter. Renaissance Technologies LLC now owns 16,600 shares of the company's stock valued at $182,000 after buying an additional 2,700 shares during the period. AQR Capital Management LLC raised its position in shares of EverCommerce by 394.8% during the second quarter. AQR Capital Management LLC now owns 55,620 shares of the company's stock worth $611,000 after acquiring an additional 44,378 shares during the last quarter. Millennium Management LLC lifted its stake in shares of EverCommerce by 673.4% in the second quarter. Millennium Management LLC now owns 323,360 shares of the company's stock worth $3,550,000 after acquiring an additional 281,551 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in EverCommerce by 10.6% in the second quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company's stock valued at $125,000 after acquiring an additional 1,089 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.