Insider Selling: EverCommerce (NASDAQ:EVCM) President Sells 25,000 Shares of Stock

Key Points

• EverCommerce President Matthew David Feierstein sold 25,000 shares of the company's stock on September 2nd for $281,000, reducing his ownership by 1.12% to 2,211,383 shares.
• The company's stock recently traded at $11.39, with a market capitalization of $2.06 billion and a price-to-earnings ratio of -94.91.
• EverCommerce reported $0.03 earnings per share for the last quarter, exceeding analysts' estimates and achieving a revenue increase of 5.3% compared to the previous year.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 25,000 shares of EverCommerce stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $11.24, for a total value of $281,000.00. Following the completion of the sale, the president owned 2,211,383 shares of the company's stock, valued at $24,855,944.92. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, August 1st, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The shares were sold at an average price of $10.18, for a total value of $254,500.00.
• On Tuesday, July 1st, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The shares were sold at an average price of $10.53, for a total value of $263,250.00.

EverCommerce Stock Performance

Shares of EverCommerce stock traded up $0.13 during trading hours on Wednesday, reaching $11.39. 214,646 shares of the stock traded hands, compared to its average volume of 266,755. The company has a 50 day moving average price of $10.94 and a 200 day moving average price of $10.34. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of -94.91, a P/E/G ratio of 9.52 and a beta of 1.06. EverCommerce Inc. has a one year low of $8.10 and a one year high of $12.34. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.70.

EverCommerce (NASDAQ:EVCM - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.04. EverCommerce had a negative return on equity of 1.96% and a negative net margin of 3.27%.The business had revenue of $148.02 million during the quarter, compared to the consensus estimate of $145.80 million. During the same period in the previous year, the company posted ($0.02) EPS. The business's quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts expect that EverCommerce Inc. will post -0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in EverCommerce during the fourth quarter valued at about $694,000. GAMMA Investing LLC boosted its position in EverCommerce by 838.8% during the first quarter. GAMMA Investing LLC now owns 7,116 shares of the company's stock valued at $706,000 after purchasing an additional 6,358 shares in the last quarter. Woodline Partners LP boosted its position in EverCommerce by 24.8% during the fourth quarter. Woodline Partners LP now owns 535,094 shares of the company's stock valued at $5,891,000 after purchasing an additional 106,359 shares in the last quarter. Janus Henderson Group PLC raised its stake in EverCommerce by 34.6% in the fourth quarter. Janus Henderson Group PLC now owns 428,319 shares of the company's stock valued at $4,716,000 after buying an additional 110,183 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in EverCommerce by 220.6% in the first quarter. SG Americas Securities LLC now owns 29,886 shares of the company's stock valued at $301,000 after buying an additional 20,563 shares during the last quarter. Institutional investors own 97.91% of the company's stock.

Analysts Set New Price Targets

EVCM has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on EverCommerce from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Barclays upped their price objective on EverCommerce from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Zacks Research raised EverCommerce from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Canaccord Genuity Group upped their price objective on EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $13.00 price objective (up from $12.00) on shares of EverCommerce in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, EverCommerce currently has a consensus rating of "Moderate Buy" and an average price target of $11.50.

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.

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