Matthew David Feierstein Sells 5,000 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 5,000 shares of EverCommerce stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $12.10, for a total transaction of $60,500.00. Following the sale, the president owned 2,065,919 shares in the company, valued at approximately $24,997,619.90. The trade was a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, January 5th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.66, for a total transaction of $116,600.00.
• On Friday, January 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.37, for a total transaction of $113,700.00.
• On Wednesday, December 10th, Matthew David Feierstein sold 10,921 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total transaction of $109,537.63.
• On Tuesday, December 9th, Matthew David Feierstein sold 9,779 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total transaction of $97,887.79.
• On Monday, December 8th, Matthew David Feierstein sold 4,300 shares of EverCommerce stock. The shares were sold at an average price of $10.04, for a total value of $43,172.00.
• On Monday, November 3rd, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The stock was sold at an average price of $11.38, for a total value of $284,500.00.

EverCommerce Price Performance

NASDAQ:EVCM opened at $11.94 on Friday. The business’s 50-day moving average is $10.50 and its 200 day moving average is $10.92. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The company has a market capitalization of $2.14 billion, a P/E ratio of -1,192.81, a P/E/G ratio of 2.46 and a beta of 1.03. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71.

Institutional Investors Weigh In On EverCommerce

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares during the last quarter. Federated Hermes Inc. raised its position in EverCommerce by 118.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after purchasing an additional 1,667 shares during the period. American Century Companies Inc. raised its position in EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after purchasing an additional 4,576 shares during the period. State of Alaska Department of Revenue bought a new stake in EverCommerce in the third quarter worth about $91,000. Finally, R Squared Ltd purchased a new position in shares of EverCommerce during the third quarter valued at approximately $122,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EVCM shares. Raymond James Financial downgraded EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Royal Bank Of Canada lowered shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price objective for the company. in a research report on Monday. Barclays reduced their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Finally, Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, EverCommerce has a consensus rating of “Reduce” and a consensus price target of $11.00.

EverCommerce Company Profile

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.