Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) President Sells 8,963 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 8,963 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $10.02, for a total transaction of $89,809.26. Following the transaction, the president now owns 2,408,089 shares in the company, valued at approximately $24,129,051.78. This trade represents a 0.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $10.02, for a total transaction of $158,686.74.
• 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 stock was 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.
• On Thursday, January 2nd, Matthew David Feierstein sold 20,401 shares of EverCommerce stock. The stock was sold at an average price of $10.81, for a total transaction of $220,534.81.

EverCommerce Stock Performance

NASDAQ:EVCM traded up $0.04 during mid-day trading on Wednesday, hitting $10.02. The stock had a trading volume of 197,459 shares, compared to its average volume of 134,367. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -35.78 and a beta of 1.12. The company has a 50 day simple moving average of $10.13 and a 200-day simple moving average of $10.70. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.35. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.68.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data 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). The firm had revenue of $175.00 million during the quarter, compared to the consensus estimate of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) earnings per share. On average, research analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on EVCM shares. Barclays reduced their price target on shares of EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Jefferies Financial Group reduced their price target on shares of EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, March 14th. Piper Sandler reduced their price target on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday. Royal Bank of Canada reduced their price target on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. Finally, The Goldman Sachs Group reduced 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $11.09.

Hedge Funds Weigh In On EverCommerce

Several large investors have recently bought and sold shares of EVCM. Janus Henderson Group PLC increased its stake in EverCommerce by 34.6% during the 4th quarter. Janus Henderson Group PLC now owns 428,319 shares of the company’s stock valued at $4,716,000 after buying an additional 110,183 shares during the period. Woodline Partners LP grew its stake in shares of EverCommerce by 24.8% in the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock worth $5,891,000 after purchasing an additional 106,359 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of EverCommerce by 161.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock worth $1,059,000 after purchasing an additional 63,139 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of EverCommerce in the 4th quarter worth approximately $694,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of EverCommerce by 84.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company’s stock worth $1,468,000 after acquiring an additional 61,144 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.