Matthew David Feierstein Sells 10,000 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $11.43, for a total transaction of $114,300.00. Following the transaction, the president owned 2,180,606 shares of the company’s stock, valued at approximately $24,924,326.58. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, March 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $12.03, for a total value of $120,300.00.
• On Thursday, March 5th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $12.17, for a total value of $60,850.00.
• On Monday, March 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.34, for a total value of $113,400.00.
• On Wednesday, February 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $10.80, for a total value of $108,000.00.
• On Monday, February 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total value of $120,600.00.
• On Wednesday, January 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $12.10, for a total value of $60,500.00.
• On Monday, January 5th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.66, for a total value of $116,600.00.

EverCommerce Price Performance

NASDAQ EVCM opened at $11.71 on Friday. The stock’s fifty day moving average price is $11.11 and its 200 day moving average price is $11.05. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 130.13, a PEG ratio of 2.58 and a beta of 1.01.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The business had revenue of $151.15 million for the quarter, compared to analysts’ expectations of $150.06 million. During the same period last year, the business earned ($0.07) EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Canaccord Genuity Group dropped their price target on shares of EverCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Weiss Ratings upgraded shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Friday, March 13th. The Goldman Sachs Group cut their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Finally, Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, EverCommerce currently has an average rating of “Hold” and an average price target of $10.71.

Hedge Funds Weigh In On EverCommerce

Several large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its position in shares of EverCommerce by 328.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock valued at $7,502,000 after acquiring an additional 547,712 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after acquiring an additional 83,794 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of EverCommerce during the 2nd quarter worth approximately $595,000. Goldman Sachs Group Inc. boosted its position in shares of EverCommerce by 94.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after purchasing an additional 50,854 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in EverCommerce by 5,995.2% in the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after purchasing an additional 49,041 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company’s stock.

EverCommerce Company Profile

EverCommerce, Inc is a provider of cloud-based software-as-a-service (SaaS) solutions designed for local service businesses. The company delivers an integrated platform that helps organizations manage customer interactions, streamline operations and facilitate recurring revenue. By combining multiple functions into a single interface, EverCommerce aims to simplify back-office processes and enhance the overall customer experience.

The company’s offerings encompass tools for appointment scheduling, payment processing, client relationship management, marketing automation, reputation management and reporting analytics.