Matthew David Feierstein Sells 4,273 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 4,273 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $9.52, for a total transaction of $40,678.96. Following the completion of the transaction, the president now directly owns 2,299,519 shares in the company, valued at approximately $21,891,420.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, June 4th, Matthew David Feierstein sold 1,820 shares of EverCommerce stock. The stock was sold at an average price of $9.50, for a total transaction of $17,290.00.
• On Tuesday, May 28th, Matthew David Feierstein sold 4,582 shares of EverCommerce stock. The stock was sold at an average price of $10.16, for a total transaction of $46,553.12.
• On Tuesday, April 2nd, Matthew David Feierstein sold 1,270 shares of EverCommerce stock. The stock was sold at an average price of $9.00, for a total transaction of $11,430.00.

EverCommerce Stock Performance

EverCommerce stock traded up $0.11 during midday trading on Tuesday, reaching $9.61. 172,482 shares of the stock traded hands, compared to its average volume of 142,367. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $9.57 and a two-hundred day moving average price of $9.76. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of -45.76 and a beta of 1.07. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.32.

EverCommerce (NASDAQ:EVCM) last posted its earnings results on Thursday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The firm had revenue of $170.10 million for the quarter, compared to analyst estimates of $162.11 million. EverCommerce had a negative net margin of 6.02% and a negative return on equity of 4.92%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) earnings per share. On average, equities research analysts forecast that EverCommerce Inc. will post -0.08 earnings per share for the current year.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently made changes to their positions in EVCM. Edgestream Partners L.P. bought a new stake in shares of EverCommerce during the 1st quarter worth about $123,000. Quest Partners LLC bought a new stake in shares of EverCommerce during the 4th quarter worth about $135,000. RIA Advisory Group LLC bought a new stake in shares of EverCommerce during the 1st quarter worth about $242,000. Raymond James Financial Services Advisors Inc. raised its position in shares of EverCommerce by 7.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock worth $254,000 after buying an additional 1,500 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of EverCommerce in the 4th quarter worth approximately $391,000. 97.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EVCM. Oppenheimer boosted their target price on shares of EverCommerce from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.00 target price (down previously from $11.00) on shares of EverCommerce in a research report on Friday, March 15th. Barclays dropped their target price on shares of EverCommerce from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Friday, March 15th. JMP Securities reissued a “market outperform” rating and issued a $12.00 target price on shares of EverCommerce in a research report on Friday, March 15th. Finally, Piper Sandler reissued a “neutral” rating and issued a $10.00 target price on shares of EverCommerce in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.40.

EverCommerce Company Profile

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.