Matthew David Feierstein Sells 1,915 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 1,915 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $11.07, for a total value of $21,199.05. Following the completion of the sale, the president now directly owns 2,297,604 shares of the company’s stock, valued at approximately $25,434,476.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Friday, June 7th, Matthew David Feierstein sold 4,273 shares of EverCommerce stock. The shares were sold at an average price of $9.52, for a total value of $40,678.96.
• On Tuesday, June 4th, Matthew David Feierstein sold 1,820 shares of EverCommerce stock. The shares were sold at an average price of $9.50, for a total value of $17,290.00.
• On Tuesday, May 28th, Matthew David Feierstein sold 4,582 shares of EverCommerce stock. The shares were sold at an average price of $10.16, for a total value of $46,553.12.

EverCommerce Stock Performance

EVCM stock opened at $11.14 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.66. The business’s fifty day moving average price is $10.03 and its two-hundred day moving average price is $9.83. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.32.

EverCommerce (NASDAQ:EVCM) last released its earnings results on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $170.10 million for the quarter, compared to analyst estimates of $162.11 million. EverCommerce had a negative return on equity of 4.92% and a negative net margin of 6.02%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the company posted ($0.11) earnings per share. As a group, analysts anticipate that EverCommerce Inc. will post -0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EVCM shares. JMP Securities restated a “market outperform” rating and issued a $12.00 price target on shares of EverCommerce in a research note on Friday, March 15th. Canaccord Genuity Group increased their price target on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Piper Sandler restated a “neutral” rating and issued a $10.00 price target on shares of EverCommerce in a research note on Friday, March 15th. Royal Bank of Canada dropped their price target on EverCommerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Finally, Barclays dropped their price target on EverCommerce from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, EverCommerce presently has an average rating of “Moderate Buy” and a consensus target price of $11.40.

Institutional Trading of EverCommerce

Large investors have recently modified their holdings of the stock. Quest Partners LLC acquired a new stake in shares of EverCommerce during the 4th quarter worth $135,000. Edgestream Partners L.P. acquired a new stake in EverCommerce in the first quarter valued at about $123,000. Raymond James Financial Services Advisors Inc. boosted its stake in EverCommerce by 7.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock valued at $254,000 after buying an additional 1,500 shares in the last quarter. RIA Advisory Group LLC acquired a new stake in EverCommerce in the first quarter valued at about $242,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in EverCommerce in the fourth quarter valued at about $391,000. 97.91% of the stock is owned by institutional investors and hedge funds.

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.