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 Monday, February 2nd. The shares were sold at an average price of $12.06, for a total value of $120,600.00. Following the completion of the sale, the president owned 2,055,919 shares of the company’s stock, valued at approximately $24,794,383.14. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, February 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $10.80, for a total value of $108,000.00.
• On Wednesday, January 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $11.66, for a total value of $116,600.00.
• On Friday, January 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.37, for a total value of $113,700.00.
• On Wednesday, December 10th, Matthew David Feierstein sold 10,921 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total value of $109,537.63.
• On Tuesday, December 9th, Matthew David Feierstein sold 9,779 shares of EverCommerce stock. The stock was sold at an average price of $10.01, for a total transaction of $97,887.79.
• On Monday, December 8th, Matthew David Feierstein sold 4,300 shares of EverCommerce stock. The stock was sold at an average price of $10.04, for a total transaction of $43,172.00.

EverCommerce Price Performance

EVCM stock opened at $10.63 on Friday. The company’s 50-day moving average price is $11.61 and its two-hundred day moving average price is $11.10. The firm has a market cap of $1.91 billion, a P/E ratio of -1,061.94, a P/E/G ratio of 2.23 and a beta of 1.03. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.71. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41.

Wall Street Analyst Weigh In

Several research firms have weighed in on EVCM. Royal Bank Of Canada cut EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 target price for the company. in a research note on Monday, January 5th. Raymond James Financial downgraded EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Barclays reduced their price objective on EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. Zacks Research downgraded EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Lake Street Capital set a $11.00 price target on shares of EverCommerce in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $11.00.

Institutional Trading of EverCommerce

A number of hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. increased its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares during the period. Federated Hermes Inc. grew its holdings in EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after acquiring an additional 1,667 shares during the last quarter. American Century Companies Inc. grew its holdings in EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after acquiring an additional 4,576 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in EverCommerce in the 3rd quarter valued at approximately $91,000. Finally, R Squared Ltd bought a new position in shares of EverCommerce during the third quarter valued at $122,000. 97.91% of the stock is owned by institutional investors and hedge funds.

More EverCommerce News

Here are the key news stories impacting EverCommerce this week:

• Positive Sentiment: Analysts expect EverCommerce to approach breakeven soon, which supports a near-term path to profitability and could be constructive for valuation if revenue trends and margins continue improving. Analysts Expect EverCommerce To Breakeven Soon
• Neutral Sentiment: Brokerage coverage is mixed: the consensus rating skews toward “Reduce” with an average target near $11, and several firms have moved from buy/outperform to hold/sector perform — a signal that expectations are tepid despite the breakeven commentary. Institutional ownership remains very high, which can limit short-term float but also means large holders dominate price moves. MarketBeat EVCM Coverage
• Negative Sentiment: Company insiders, including CEO Eric Remer and President Matthew Feierstein, have been selling material blocks of stock across multiple dates in January and February (including recent Form 4 filings). Heavy and repeated insider sales are being interpreted negatively by the market and are a likely proximate cause of downward pressure on the share price today. Insider Selling: CEO Sells Shares SEC Form 4

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.