Matthew David Feierstein Sells 1,915 Shares of EverCommerce Inc. (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 1,915 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $11.07, for a total transaction of $21,199.05. Following the transaction, the president now directly owns 2,297,604 shares in the company, valued at approximately $25,434,476.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, June 7th, Matthew David Feierstein sold 4,273 shares of EverCommerce stock. The shares were sold at an average price of $9.52, for a total transaction of $40,678.96.
• On Tuesday, June 4th, Matthew David Feierstein sold 1,820 shares of EverCommerce stock. The shares were sold at an average price of $9.50, for a total transaction of $17,290.00.
• On Tuesday, May 28th, Matthew David Feierstein sold 4,582 shares of EverCommerce stock. The shares were sold at an average price of $10.16, for a total transaction of $46,553.12.

EverCommerce Stock Performance

EVCM opened at $11.14 on Friday. EverCommerce Inc. has a fifty-two week low of $6.22 and a fifty-two week high of $12.32. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average price is $10.03 and its two-hundred day moving average price is $9.83.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). EverCommerce had a negative return on equity of 4.92% and a negative net margin of 6.02%. The business had revenue of $170.10 million for the quarter, compared to analyst estimates of $162.11 million. During the same quarter in the prior year, the firm earned ($0.11) EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts anticipate that EverCommerce Inc. will post -0.08 EPS for the current year.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors have recently bought and sold shares of EVCM. Vanguard Group Inc. boosted its stake in shares of EverCommerce by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 1,664,942 shares of the company’s stock valued at $15,684,000 after purchasing an additional 30,481 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in shares of EverCommerce by 42.9% in the 4th quarter. Great Lakes Advisors LLC now owns 203,863 shares of the company’s stock valued at $2,249,000 after purchasing an additional 61,236 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of EverCommerce by 57.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 55,000 shares of the company’s stock valued at $512,000 after purchasing an additional 20,000 shares in the last quarter. RIA Advisory Group LLC acquired a new stake in shares of EverCommerce in the 1st quarter valued at $242,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of EverCommerce by 7.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 23,000 shares of the company’s stock valued at $254,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EVCM shares. Oppenheimer lifted their price target on shares of EverCommerce from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Canaccord Genuity Group lifted their price target on shares of EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, May 10th. JMP Securities reissued a “market outperform” rating and issued a $12.00 price target on shares of EverCommerce in a research report on Friday, March 15th. Piper Sandler reissued a “neutral” rating and issued a $10.00 price target on shares of EverCommerce in a research report on Friday, March 15th. Finally, Royal Bank of Canada dropped their target price on shares of EverCommerce from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.40.

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.