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 the stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $11.40, for a total value of $57,000.00. Following the completion of the transaction, the president directly owned 2,155,606 shares of the company’s stock, valued at approximately $24,573,908.40. The trade was a 0.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Monday, April 6th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.90, for a total value of $119,000.00.
• On Wednesday, April 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.43, for a total value of $114,300.00.
• 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 value 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 value 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 stock was sold at an average price of $12.06, for a total transaction of $120,600.00.

EverCommerce Price Performance

EVCM stock traded up $0.10 during trading on Wednesday, hitting $11.46. 145,300 shares of the stock traded hands, compared to its average volume of 150,539. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 127.35, a P/E/G ratio of 2.58 and a beta of 1.01. The company has a 50 day simple moving average of $11.08 and a 200 day simple moving average of $11.04. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.72.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVCM. Squarepoint Ops LLC acquired a new stake in shares of EverCommerce in the 2nd quarter valued at $595,000. Arrowstreet Capital Limited Partnership increased its position in EverCommerce by 328.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after purchasing an additional 547,712 shares during the period. Tudor Investment Corp ET AL increased its position in EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after purchasing an additional 83,794 shares during the period. American Century Companies Inc. raised its holdings in EverCommerce by 19.8% during 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 last quarter. Finally, Barclays PLC lifted its position in EverCommerce by 5.1% during the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after purchasing an additional 1,101 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EVCM shares. The Goldman Sachs Group cut their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Oppenheimer restated an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Royal Bank Of Canada cut their price target on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. Citizens Jmp downgraded shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Finally, Weiss Ratings raised shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.71.

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.