EverCommerce (NASDAQ:EVCM) President Matthew David Feierstein Sells 5,000 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 5,000 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $12.10, for a total value of $60,500.00. Following the completion of the transaction, the president directly owned 2,065,919 shares in the company, valued at $24,997,619.90. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 shares were 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 stock was 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 shares were 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 stock was sold at an average price of $10.04, for a total value of $43,172.00.
• On Monday, November 3rd, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The shares were sold at an average price of $11.38, for a total value of $284,500.00.

EverCommerce Trading Down 0.6%

EVCM opened at $12.07 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of -1,205.79, a price-to-earnings-growth ratio of 2.47 and a beta of 1.03. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41. The business’s 50 day moving average is $10.49 and its two-hundred day moving average is $10.91.

Institutional Trading of EverCommerce

A number of hedge funds have recently added to or reduced their stakes in EVCM. Federated Hermes Inc. raised its stake in EverCommerce by 118.3% during 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 during the period. State of Alaska Department of Revenue acquired a new stake in EverCommerce during the 3rd quarter worth approximately $91,000. R Squared Ltd acquired a new stake in EverCommerce during the 3rd quarter worth approximately $122,000. Prudential Financial Inc. increased its position in shares of 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 acquiring an additional 1,190 shares in the last quarter. Finally, Inceptionr LLC acquired a new stake in shares of EverCommerce in the second quarter worth $159,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EVCM shares. Lake Street Capital set a $11.00 target price on shares of EverCommerce in a research report on Tuesday, October 14th. Royal Bank Of Canada cut EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price target for the company. in a research report on Monday. Raymond James Financial lowered shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Barclays lowered their price target on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. 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 stock. According to MarketBeat.com, EverCommerce has an average rating of “Reduce” and an average price target 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.