EverCommerce Inc. (NASDAQ:EVCM) President Sells $158,686.74 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 15,837 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $10.02, for a total transaction of $158,686.74. Following the completion of the sale, the president now owns 2,392,252 shares of the company’s stock, valued at $23,970,365.04. The trade was a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, March 17th, Matthew David Feierstein sold 8,963 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $89,809.26.
• On Monday, March 3rd, Matthew David Feierstein sold 200 shares of EverCommerce stock. The shares were 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 value of $55,515.91.
• On Monday, February 3rd, Matthew David Feierstein sold 2,888 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total value 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 value of $220,534.81.

EverCommerce Stock Performance

Shares of NASDAQ:EVCM opened at $10.08 on Friday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -36.00 and a beta of 1.12. The business’s fifty day moving average price is $10.12 and its two-hundred day moving average price is $10.69. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The firm had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. During the same quarter last year, the business earned ($0.12) EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, analysts predict that EverCommerce Inc. will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

EVCM has been the topic of several research analyst reports. Oppenheimer lowered their price objective on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Barclays dropped their price objective 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. Royal Bank of Canada reduced their target price on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Piper Sandler lowered their price target on EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, Jefferies Financial Group reduced their price objective on EverCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a research report on Friday, March 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, EverCommerce has an average rating of “Hold” and a consensus price target of $11.09.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of EVCM. Woodline Partners LP increased its holdings in EverCommerce by 24.8% during the 4th quarter. Woodline Partners LP now owns 535,094 shares of the company’s stock valued at $5,891,000 after purchasing an additional 106,359 shares in the last quarter. State Street Corp grew its holdings in shares of EverCommerce by 2.4% during the third quarter. State Street Corp now owns 514,965 shares of the company’s stock worth $5,335,000 after purchasing an additional 12,156 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of EverCommerce by 34.6% in the fourth 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 in the last quarter. Northern Trust Corp lifted its position in EverCommerce by 4.2% during the 4th quarter. Northern Trust Corp now owns 199,283 shares of the company’s stock worth $2,194,000 after buying an additional 7,954 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in EverCommerce by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company’s stock worth $1,856,000 after acquiring an additional 1,092 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

About EverCommerce

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.