EverCommerce (NASDAQ:EVCM) President Sells $119,400.00 in Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) President Matthew David Feierstein sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $11.94, for a total value of $119,400.00. Following the completion of the sale, the president directly owned 2,145,606 shares in the company, valued at $25,618,535.64. This trade represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, May 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.87, for a total value of $118,700.00.
  • On Tuesday, April 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were sold at an average price of $11.40, for a total value of $57,000.00.
  • 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 shares were 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 stock was 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 stock was sold at an average price of $11.34, for a total value 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 value of $108,000.00.

EverCommerce Trading Down 5.3%

EverCommerce stock traded down $0.62 during trading hours on Tuesday, hitting $11.02. The stock had a trading volume of 136,934 shares, compared to its average volume of 139,726. The business’s 50 day simple moving average is $11.43 and its 200-day simple moving average is $11.10. 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 $1.95 billion, a price-to-earnings ratio of 122.46, a P/E/G ratio of 2.67 and a beta of 0.94. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCMGet Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $150.06 million. During the same period in the previous year, the business posted ($0.07) earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts predict that EverCommerce Inc. will post 0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

EVCM has been the topic of a number of recent research reports. Citizens Jmp lowered EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Raymond James Financial lowered EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group cut their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research note 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 on the stock in a research note on Friday, March 13th. Finally, Wall Street Zen raised EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, EverCommerce has an average rating of “Hold” and a consensus target price of $10.71.

View Our Latest Stock Analysis on EverCommerce

Institutional Investors Weigh In On EverCommerce

A number of hedge funds have recently added to or reduced their stakes in EVCM. Federated Hermes Inc. increased its holdings in EverCommerce by 118.3% in the third 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 stake in EverCommerce in the third quarter worth approximately $91,000. R Squared Ltd bought a new stake in EverCommerce in the third quarter worth approximately $122,000. Prudential Financial Inc. increased its holdings in EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares in the last quarter. Finally, Oxford Asset Management LLP bought a new stake in EverCommerce in the second quarter worth approximately $168,000. 97.91% of the stock is currently owned by institutional investors.

EverCommerce Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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