Matthew David Feierstein Sells 5,000 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $12.10, for a total transaction of $60,500.00. Following the sale, the president directly owned 2,065,919 shares of the company’s stock, valued at approximately $24,997,619.90. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction of $116,600.00.
• On Friday, January 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were 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 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 value 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 value of $43,172.00.
• On Monday, November 3rd, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The shares were sold at an average price of $11.38, for a total value of $284,500.00.

EverCommerce Trading Down 0.6%

EVCM traded down $0.07 during midday trading on Thursday, reaching $12.07. 145,979 shares of the company were exchanged, compared to its average volume of 231,696. The stock has a market capitalization of $2.16 billion, a P/E ratio of -1,205.79, a PEG ratio of 2.41 and a beta of 1.03. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The stock’s 50-day simple moving average is $10.48 and its 200 day simple moving average is $10.90. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.02 and a current ratio of 2.02.

Hedge Funds Weigh In On EverCommerce

A number of large investors have recently bought and sold shares of EVCM. Woodline Partners LP boosted its holdings in EverCommerce by 4.7% during the first quarter. Woodline Partners LP now owns 560,506 shares of the company’s stock worth $5,650,000 after purchasing an additional 25,412 shares during the last quarter. Squarepoint Ops LLC bought a new stake in EverCommerce during the 2nd quarter worth about $595,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of EverCommerce by 328.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after buying an additional 547,712 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of EverCommerce by 136.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after acquiring an additional 47,470 shares in the last quarter. Finally, Inceptionr LLC acquired a new stake in shares of EverCommerce in the second quarter valued at about $159,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Wall Street Analyst Weigh In

EVCM has been the subject of several research analyst reports. Lake Street Capital set a $11.00 price target on shares of EverCommerce in a report on Tuesday, October 14th. Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. Raymond James Financial downgraded EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada lowered EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price target on the stock. in a research report on Monday. Finally, Barclays decreased their price objective on EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, EverCommerce presently has a consensus 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.