EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein Sells 25,000 Shares

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 25,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $10.53, for a total value of $263,250.00. Following the completion of the sale, the president directly owned 2,270,672 shares in the company, valued at approximately $23,910,176.16. This represents a 1.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, June 2nd, Matthew David Feierstein sold 429 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total value of $4,290.00.
• On Monday, May 5th, Matthew David Feierstein sold 24,300 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total value of $243,486.00.
• On Friday, May 2nd, Matthew David Feierstein sold 700 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total value of $7,000.00.

EverCommerce Trading Up 1.9%

Shares of EVCM traded up $0.21 during mid-day trading on Thursday, reaching $10.88. 142,987 shares of the company were exchanged, compared to its average volume of 137,330. The business has a 50 day simple moving average of $10.14 and a two-hundred day simple moving average of $10.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.29 and a current ratio of 2.29. The stock has a market capitalization of $1.99 billion, a PE ratio of -60.42 and a beta of 1.05. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.35.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). EverCommerce had a negative return on equity of 3.13% and a negative net margin of 4.84%. The firm had revenue of $142.27 million for the quarter, compared to the consensus estimate of $146.28 million. During the same quarter in the previous year, the business posted ($0.09) EPS. The firm's revenue for the quarter was down 16.3% compared to the same quarter last year. On average, analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EVCM shares. The Goldman Sachs Group dropped their target price on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a report on Friday, March 14th. Jefferies Financial Group dropped their price objective on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research note on Friday, March 14th. Royal Bank Of Canada cut their target price on shares of EverCommerce from $14.00 to $11.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Oppenheimer lowered their price target on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Finally, Barclays increased their price target on EverCommerce from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, EverCommerce has a consensus rating of "Hold" and an average target price of $11.36.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EVCM. Charles Schwab Investment Management Inc. increased its holdings in EverCommerce by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock worth $1,856,000 after purchasing an additional 1,092 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of EverCommerce by 145.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,439 shares of the company's stock worth $38,000 after buying an additional 2,040 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce during the 4th quarter worth approximately $29,000. Wells Fargo & Company MN increased its stake in shares of EverCommerce by 41.7% in the 4th quarter. Wells Fargo & Company MN now owns 10,553 shares of the company's stock valued at $116,000 after acquiring an additional 3,106 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of EverCommerce by 11.2% during the 4th quarter. Barclays PLC now owns 32,989 shares of the company's stock valued at $363,000 after acquiring an additional 3,312 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

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.

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