Insider Selling: EverCommerce (NASDAQ:EVCM) President Sells $108,000.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $10.80, for a total value of $108,000.00. Following the completion of the sale, the president owned 2,035,919 shares in the company, valued at approximately $21,987,925.20. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 value of $120,600.00.
• On Wednesday, January 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were sold at an average price of $12.10, for a total value of $60,500.00.
• On Monday, January 5th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.66, for a total value of $116,600.00.
• On Friday, January 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.37, for a total transaction of $113,700.00.
• On Wednesday, December 10th, Matthew David Feierstein sold 10,921 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total transaction of $109,537.63.
• On Tuesday, December 9th, Matthew David Feierstein sold 9,779 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total transaction of $97,887.79.
• On Monday, December 8th, Matthew David Feierstein sold 4,300 shares of EverCommerce stock. The shares were sold at an average price of $10.04, for a total transaction of $43,172.00.

EverCommerce Price Performance

Shares of EVCM opened at $10.76 on Friday. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -1,074.93, a PEG ratio of 2.16 and a beta of 1.03. The firm’s fifty day simple moving average is $11.65 and its 200-day simple moving average is $11.10. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.71.

Hedge Funds Weigh In On EverCommerce

A number of institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its position in EverCommerce by 328.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock valued at $7,502,000 after purchasing an additional 547,712 shares during the last quarter. Tudor Investment Corp ET AL grew its position in EverCommerce by 200.7% during the 3rd 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 last quarter. JPMorgan Chase & Co. increased its stake in EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after purchasing an additional 11,996 shares during the period. Los Angeles Capital Management LLC raised its holdings in shares of EverCommerce by 136.9% in the second quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after buying an additional 47,470 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of EverCommerce during the second quarter worth about $595,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on EVCM. Raymond James Financial downgraded EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays lowered their price target on EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, November 10th. Lake Street Capital set a $11.00 price objective on shares of EverCommerce in a report on Tuesday, October 14th. Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada downgraded shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price on the stock. in a research report on Monday, January 5th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $11.00.

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.