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

Key Points

• Matthew David Feierstein sold 25,000 shares of EverCommerce Inc. at an average price of $10.18, totaling $254,500, reducing his position by 1.10% to 2,245,672 shares valued at approximately $22.86 million.
• EverCommerce reported a quarterly earnings miss with earnings per share of $0.01, falling short of the $0.04 consensus estimate, and a revenue of $142.27 million, compared to the expected $146.28 million.
• Despite the challenges, analysts have mixed views, with price targets ranging from $11.00 to $14.00, and an average rating of "Hold" for the stock.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 25,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $10.18, for a total transaction of $254,500.00. Following the sale, the president directly owned 2,245,672 shares of the company's stock, valued at approximately $22,860,940.96. This trade represents a 1.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, July 1st, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The stock was sold at an average price of $10.53, for a total transaction of $263,250.00.
• 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 transaction of $4,290.00.

EverCommerce Price Performance

Shares of NASDAQ:EVCM traded up $0.32 during trading on Monday, hitting $10.30. 148,030 shares of the company were exchanged, compared to its average volume of 168,183. The business's 50 day moving average is $10.45 and its 200-day moving average is $10.25. The company has a market capitalization of $1.88 billion, a P/E ratio of -57.22 and a beta of 1.06. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.70. EverCommerce Inc. has a 1-year low of $8.10 and a 1-year high of $12.34.

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). The business had revenue of $142.27 million for the quarter, compared to the consensus estimate of $146.28 million. EverCommerce had a negative net margin of 4.84% and a negative return on equity of 3.13%. EverCommerce's revenue was down 16.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.09) EPS. Equities analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

EVCM has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price target on shares of EverCommerce from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Barclays increased their price objective on shares of 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 issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, EverCommerce has an average rating of "Hold" and an average target price of $11.36.

Hedge Funds Weigh In On EverCommerce

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets bought a new position in shares of EverCommerce during the fourth quarter valued at $29,000. Tower Research Capital LLC TRC raised its stake in shares of EverCommerce by 145.8% during the fourth 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 last quarter. Deutsche Bank AG raised its stake in shares of EverCommerce by 919.0% during the fourth quarter. Deutsche Bank AG now owns 4,066 shares of the company's stock valued at $45,000 after acquiring an additional 3,667 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of EverCommerce during the first quarter valued at $102,000. Finally, Wells Fargo & Company MN raised its stake 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 valued at $116,000 after acquiring an additional 3,106 shares during the last quarter. 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.

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