EverCommerce Inc. (NASDAQ:EVCM) President Sells $263,250.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the president directly owned 2,270,672 shares in the company, valued at $23,910,176.16. This trade represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 shares were sold at an average price of $10.00, for a total transaction of $4,290.00.
• On Monday, May 5th, Matthew David Feierstein sold 24,300 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total transaction of $243,486.00.
• On Friday, May 2nd, Matthew David Feierstein sold 700 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total transaction of $7,000.00.

EverCommerce Trading Up 1.9%

Shares of NASDAQ EVCM traded up $0.21 during trading hours on Friday, hitting $10.88. 142,987 shares of the company traded hands, compared to its average volume of 137,491. The company's 50 day moving average price is $10.16 and its 200 day moving average price is $10.23. EverCommerce Inc. has a 12 month low of $8.10 and a 12 month high of $12.35. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -60.42 and a beta of 1.05. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.70.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 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 analysts' expectations of $146.28 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The firm's quarterly revenue was down 16.3% compared to the same quarter last year. On average, equities research analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Trading of EverCommerce

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of EverCommerce by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 168,587 shares of the company's stock valued at $1,856,000 after buying an additional 1,092 shares during the period. Raymond James Financial Inc. bought a new stake in shares of EverCommerce during the 4th quarter worth approximately $694,000. American Century Companies Inc. boosted its holdings in EverCommerce by 32.3% during the 4th quarter. American Century Companies Inc. now owns 22,753 shares of the company's stock valued at $251,000 after acquiring an additional 5,554 shares during the period. JPMorgan Chase & Co. grew its position in EverCommerce by 48.6% in the 4th quarter. JPMorgan Chase & Co. now owns 152,010 shares of the company's stock valued at $1,695,000 after acquiring an additional 49,745 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in EverCommerce by 84.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 133,370 shares of the company's stock worth $1,468,000 after purchasing an additional 61,144 shares during the period. 97.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on EVCM. Jefferies Financial Group reduced their price objective on EverCommerce from $12.00 to $10.00 and set a "hold" rating for the company in a research report on Friday, March 14th. Oppenheimer reduced their price target on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. Canaccord Genuity Group raised their price objective on shares of EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 12th. The Goldman Sachs Group dropped their price target on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a research note on Friday, March 14th. Finally, Barclays upped their price target on EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, EverCommerce presently has a consensus rating of "Hold" and a consensus price target of $11.36.

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.