Matthew David Feierstein Sells 24,300 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 24,300 shares of EverCommerce stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $10.02, for a total value of $243,486.00. Following the transaction, the president now owns 2,341,006 shares of the company's stock, valued at $23,456,880.12. The trade was a 1.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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.
• On Tuesday, April 1st, Matthew David Feierstein sold 21,624 shares of EverCommerce stock. The stock was sold at an average price of $10.13, for a total transaction of $219,051.12.
• On Wednesday, March 19th, Matthew David Feierstein sold 15,837 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total value of $158,686.74.
• On Monday, March 17th, Matthew David Feierstein sold 8,963 shares of EverCommerce stock. The stock was sold at an average price of $10.02, for a total value of $89,809.26.
• On Monday, March 3rd, Matthew David Feierstein sold 200 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total value of $2,002.00.

EverCommerce Trading Up 6.3 %

EVCM traded up $0.65 during trading hours on Friday, reaching $11.00. The company's stock had a trading volume of 325,856 shares, compared to its average volume of 135,040. The business's 50-day moving average is $9.95 and its 200-day moving average is $10.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a market cap of $2.01 billion, a PE ratio of -39.28 and a beta of 1.07. EverCommerce Inc. has a fifty-two week low of $8.10 and a fifty-two week high of $12.35.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). EverCommerce had a negative return on equity of 6.56% and a negative net margin of 7.53%. The business had revenue of $142.27 million for the quarter, compared to analyst estimates of $146.28 million. During the same period in the previous year, the business posted ($0.09) earnings per share. The firm's revenue for the quarter was down 16.3% compared to the same quarter last year. As a group, equities research analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in shares of EverCommerce in the fourth quarter valued at $29,000. Tower Research Capital LLC TRC grew its position 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 in the last quarter. Deutsche Bank AG increased its stake in EverCommerce by 919.0% during the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock worth $45,000 after purchasing an additional 3,667 shares during the period. Wells Fargo & Company MN lifted its position in shares of 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 in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new position in shares of EverCommerce in the fourth quarter valued at approximately $119,000. Hedge funds and other institutional investors own 97.91% of the company's stock.

Wall Street Analysts Forecast Growth

EVCM has been the subject of several recent analyst reports. The Goldman Sachs Group cut their price target 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. 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. Jefferies Financial Group lowered their price objective on EverCommerce from $12.00 to $10.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Piper Sandler decreased their target price on EverCommerce from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Finally, Barclays dropped their price target on EverCommerce from $12.00 to $9.00 and set an "equal weight" rating for the company in a research report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $11.09.

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.