EverCommerce Inc. (NASDAQ:EVCM) President Sells $158,686.74 in Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 15,837 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $10.02, for a total value of $158,686.74. Following the completion of the sale, the president now directly owns 2,392,252 shares of the company's stock, valued at approximately $23,970,365.04. The trade was a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 17th, Matthew David Feierstein sold 8,963 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total value of $89,809.26.
• On Monday, March 3rd, Matthew David Feierstein sold 200 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total value of $2,002.00.
• On Wednesday, February 5th, Matthew David Feierstein sold 5,513 shares of EverCommerce stock. The shares were sold at an average price of $10.07, for a total value of $55,515.91.
• On Monday, February 3rd, Matthew David Feierstein sold 2,888 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total value 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 value of $220,534.81.

EverCommerce Price Performance

Shares of NASDAQ EVCM traded up $0.09 during mid-day trading on Friday, hitting $10.08. 170,598 shares of the stock traded hands, compared to its average volume of 134,530. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.35. The company has a market cap of $1.85 billion, a PE ratio of -36.00 and a beta of 1.12. The firm has a 50 day simple moving average of $10.12 and a two-hundred day simple moving average of $10.69.

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EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The firm had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. During the same period last year, the business earned ($0.12) EPS. The company's revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Oppenheimer dropped their price target on EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Royal Bank of Canada dropped their price target on EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Barclays dropped their price target on EverCommerce from $12.00 to $9.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Jefferies Financial Group dropped their price target on EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a report on Friday, March 14th. Finally, Piper Sandler dropped their price target on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, EverCommerce presently has a consensus rating of "Hold" and an average price target of $11.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EVCM. BNP Paribas Financial Markets acquired a new position in EverCommerce during the 4th quarter worth about $29,000. Tower Research Capital LLC TRC lifted its holdings in EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock worth $38,000 after buying an additional 2,040 shares during the period. Deutsche Bank AG lifted its holdings in EverCommerce by 919.0% during the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock worth $45,000 after buying an additional 3,667 shares during the period. Wells Fargo & Company MN lifted its holdings in EverCommerce by 41.7% during the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock worth $116,000 after buying an additional 3,106 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in EverCommerce during the 4th quarter worth about $119,000. 97.91% of the stock is owned by institutional investors and hedge funds.

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.