Matthew David Feierstein Sells 8,963 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 8,963 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $10.02, for a total transaction of $89,809.26. Following the sale, the president now owns 2,408,089 shares of the company's stock, valued at approximately $24,129,051.78. This represents a 0.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, March 19th, Matthew David Feierstein sold 15,837 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $158,686.74.
• On Monday, March 3rd, Matthew David Feierstein sold 200 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total transaction of $2,002.00.
• On Wednesday, February 5th, Matthew David Feierstein sold 5,513 shares of EverCommerce stock. The stock was sold at an average price of $10.07, for a total transaction of $55,515.91.
• 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 stock was sold at an average price of $10.81, for a total transaction of $220,534.81.

EverCommerce Price Performance

NASDAQ:EVCM traded up $0.09 during mid-day trading on Friday, hitting $10.08. 170,598 shares of the company's stock traded hands, compared to its average volume of 134,530. 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 simple moving average is $10.12 and its 200 day simple moving average is $10.69. EverCommerce Inc. has a 1 year low of $8.10 and a 1 year 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.

Remove Ads

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its earnings results 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 business had revenue of $175.00 million for the quarter, compared to analysts' expectations of $170.48 million. During the same quarter last year, the business posted ($0.12) earnings per share. The business's revenue was up 3.3% compared to the same quarter last year. Sell-side analysts expect that EverCommerce Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets purchased a new position in EverCommerce during the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC boosted its stake in shares of 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 purchasing an additional 2,040 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of 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 purchasing an additional 3,667 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of 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 purchasing an additional 3,106 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of EverCommerce during the 4th quarter worth about $119,000. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EVCM has been the subject of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research report on Friday, March 14th. The Goldman Sachs Group cut their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a research report on Friday, March 14th. Piper Sandler cut their price objective on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Barclays cut their price target on shares of EverCommerce from $12.00 to $9.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Finally, Royal Bank of Canada cut their price target on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $11.09.

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.