Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) President Sells 21,624 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 21,624 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $10.13, for a total transaction of $219,051.12. Following the completion of the sale, the president now owns 2,370,628 shares of the company's stock, valued at approximately $24,014,461.64. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 shares were sold at an average price of $10.02, for a total value of $158,686.74.
• On Monday, March 17th, Matthew David Feierstein sold 8,963 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $89,809.26.
• 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 shares were 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.

EverCommerce Trading Down 1.1 %

EVCM traded down $0.10 during mid-day trading on Tuesday, reaching $9.41. The stock had a trading volume of 57,633 shares, compared to its average volume of 136,850. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.35. The firm's fifty day simple moving average is $10.10 and its two-hundred day simple moving average is $10.67. 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 stock has a market capitalization of $1.73 billion, a P/E ratio of -33.45 and a beta of 1.06.

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 return on equity of 6.56% and a negative net margin of 7.53%. The firm had revenue of $175.00 million during the quarter, compared to analyst estimates of $170.48 million. During the same quarter last year, the business posted ($0.12) earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts predict that EverCommerce Inc. will post -0.17 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVCM. BNP Paribas Financial Markets bought a new stake in shares of EverCommerce in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC grew its holdings in shares of EverCommerce by 145.8% during the fourth 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 raised its position in shares of EverCommerce by 919.0% during the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock worth $45,000 after acquiring an additional 3,667 shares during the last quarter. Wells Fargo & Company MN boosted its position in EverCommerce by 41.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after acquiring 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 approximately $119,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on EVCM shares. Piper Sandler cut their target price on EverCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Oppenheimer reduced their target price on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. 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. The Goldman Sachs Group decreased their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a research note on Friday, March 14th. Finally, Jefferies Financial Group cut their target price on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.09.

EverCommerce Company Profile

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.