EverCommerce (NASDAQ:EVCM) President Sells $60,850.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 5,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $12.17, for a total value of $60,850.00. Following the completion of the transaction, the president directly owned 1,984,941 shares in the company, valued at approximately $24,156,731.97. This trade represents a 0.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction 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 transaction 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 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 stock was sold at an average price of $11.66, for a total transaction 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 transaction of $113,700.00.
• On Wednesday, December 10th, Matthew David Feierstein sold 10,921 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total transaction 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 value of $97,887.79.
• On Monday, December 8th, Matthew David Feierstein sold 4,300 shares of EverCommerce stock. The shares were sold at an average price of $10.04, for a total value of $43,172.00.

EverCommerce Stock Up 1.1%

NASDAQ:EVCM traded up $0.13 during midday trading on Friday, reaching $12.26. The company had a trading volume of 132,702 shares, compared to its average volume of 144,139. The stock’s fifty day simple moving average is $11.49 and its 200-day simple moving average is $11.08. The company has a current ratio of 2.02, a quick 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. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -1,224.78, a PEG ratio of 2.51 and a beta of 1.04.

Institutional Trading of EverCommerce

Large investors have recently bought and sold shares of the business. Los Angeles Capital Management LLC lifted its position in EverCommerce by 136.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock worth $862,000 after acquiring an additional 47,470 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of EverCommerce by 11.9% during the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after purchasing an additional 11,996 shares during the period. American Century Companies Inc. grew its position in EverCommerce by 19.8% in the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock valued at $290,000 after buying an additional 4,576 shares during the last quarter. Prudential Financial Inc. raised its position in EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after buying an additional 1,190 shares during the last quarter. Finally, Inceptionr LLC purchased a new position in EverCommerce during the 2nd quarter worth $159,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on EVCM. Raymond James Financial downgraded shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a report on Thursday, January 22nd. 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. Barclays dropped their price target on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, November 10th. Finally, Zacks Research cut shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Two equities 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $11.00.

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.