Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) President Sells $219,051.12 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 21,624 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $10.13, for a total transaction of $219,051.12. Following the transaction, the president now owns 2,370,628 shares of the company’s stock, valued at approximately $24,014,461.64. This represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, March 19th, Matthew David Feierstein sold 15,837 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $158,686.74.
• On Monday, March 17th, Matthew David Feierstein sold 8,963 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total transaction of $89,809.26.
• On Monday, March 3rd, Matthew David Feierstein sold 200 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total value of $2,002.00.
• On Wednesday, February 5th, Matthew David Feierstein sold 5,513 shares of EverCommerce stock. The stock was sold at an average price of $10.07, for a total value of $55,515.91.
• On Monday, February 3rd, Matthew David Feierstein sold 2,888 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total value of $28,908.88.

EverCommerce Stock Down 1.9 %

NASDAQ:EVCM opened at $9.58 on Friday. EverCommerce Inc. has a twelve month low of $8.10 and a twelve month high of $12.35. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -34.21 and a beta of 1.06. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68. The stock’s 50 day moving average price is $10.11 and its two-hundred day moving average price is $10.68.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The firm had revenue of $175.00 million for the quarter, compared to analyst estimates of $170.48 million. EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. EverCommerce’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.12) earnings per share. Equities research analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on EVCM shares. Piper Sandler cut their price target on shares of EverCommerce from $11.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Royal Bank of Canada reduced their target price on shares of EverCommerce from $14.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Jefferies Financial Group dropped their price target on EverCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research note on Friday, March 14th. Barclays cut their price target on EverCommerce from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Finally, The Goldman Sachs Group decreased their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.09.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently bought and sold shares of EVCM. BNP Paribas Financial Markets bought a new stake in EverCommerce in the fourth quarter valued at approximately $29,000. Tower Research Capital LLC TRC raised its stake in EverCommerce by 145.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company’s stock valued at $38,000 after acquiring an additional 2,040 shares during the period. Deutsche Bank AG lifted its holdings in EverCommerce by 919.0% during the 4th quarter. Deutsche Bank AG now owns 4,066 shares of the company’s stock valued at $45,000 after purchasing an additional 3,667 shares during the last quarter. Wells Fargo & Company MN boosted its position in EverCommerce by 41.7% during the fourth quarter. Wells Fargo & Company MN now owns 10,553 shares of the company’s stock worth $116,000 after purchasing an additional 3,106 shares during the period. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of EverCommerce in the fourth quarter valued at $119,000. Institutional investors own 97.91% of the company’s stock.

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.