EverCommerce (NASDAQ:EVCM) President Sells $114,300.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $11.43, for a total transaction of $114,300.00. Following the transaction, the president owned 2,180,606 shares in the company, valued at $24,924,326.58. The trade was a 0.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, March 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $12.03, for a total transaction of $120,300.00.
• On Thursday, March 5th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were sold at an average price of $12.17, for a total transaction of $60,850.00.
• On Monday, March 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.34, for a total transaction of $113,400.00.
• On Wednesday, February 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $10.80, for a total transaction of $108,000.00.
• On Monday, February 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total value of $120,600.00.
• On Wednesday, January 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were sold at an average price of $12.10, for a total value of $60,500.00.
• 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 value of $116,600.00.

EverCommerce Price Performance

NASDAQ:EVCM remained flat at $11.71 on Friday. The company’s stock had a trading volume of 131,062 shares, compared to its average volume of 167,143. The company’s 50 day moving average price is $11.13 and its two-hundred day moving average price is $11.06. The company has a market cap of $2.08 billion, a P/E ratio of 130.13, a PEG ratio of 2.54 and a beta of 1.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The firm had revenue of $151.15 million for the quarter, compared to the consensus estimate of $150.06 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. The company’s revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EVCM has been the topic of several research reports. The Goldman Sachs Group lowered their price objective on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Raymond James Financial lowered shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. 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 equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Federated Hermes Inc. grew 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 in the last quarter. State of Alaska Department of Revenue bought a new position in shares of EverCommerce during the 3rd quarter worth approximately $91,000. R Squared Ltd bought a new position in shares of EverCommerce during the 3rd quarter worth approximately $122,000. Prudential Financial Inc. boosted its stake 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 buying an additional 1,190 shares during the last quarter. Finally, Oxford Asset Management LLP purchased a new position in shares of EverCommerce in the 2nd quarter worth approximately $168,000. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

About EverCommerce

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.