EverCommerce (NASDAQ:EVCM) President Sells 10,921 Shares

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,921 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $10.03, for a total transaction of $109,537.63. Following the completion of the transaction, the president owned 2,100,919 shares of the company’s stock, valued at approximately $21,072,217.57. The trade was a 0.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value 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 stock was sold at an average price of $11.38, for a total value of $284,500.00.

EverCommerce Stock Performance

Shares of EverCommerce stock traded up $0.40 during trading on Wednesday, hitting $10.37. 392,012 shares of the company’s stock traded hands, compared to its average volume of 283,404. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $12.34. The business has a 50-day simple moving average of $10.14 and a 200-day simple moving average of $10.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market capitalization of $1.86 billion, a P/E ratio of -1,035.96, a PEG ratio of 5.02 and a beta of 1.07.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EVCM. Federated Hermes Inc. grew its stake in shares of EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after acquiring an additional 1,667 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of EverCommerce in the third quarter worth $91,000. Deutsche Bank AG raised its position in shares of EverCommerce by 141.9% during the 1st quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after purchasing an additional 5,770 shares during the period. EntryPoint Capital LLC purchased a new position in shares of EverCommerce during the 1st quarter valued at $102,000. Finally, R Squared Ltd purchased a new stake in EverCommerce in the 3rd quarter worth $122,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EVCM shares. Royal Bank Of Canada decreased their price objective on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Friday, November 7th. Barclays decreased their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, November 10th. Zacks Research upgraded EverCommerce from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a research report on Wednesday, October 8th. Finally, Lake Street Capital set a $11.00 target price on EverCommerce in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.00.

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.