EverCommerce (NASDAQ:EVCM) President Matthew David Feierstein Sells 4,300 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 4,300 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $10.04, for a total transaction of $43,172.00. Following the completion of the transaction, the president owned 2,121,619 shares in the company, valued at approximately $21,301,054.76. The trade was a 0.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 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 transaction of $97,887.79.
• 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 transaction of $284,500.00.

EverCommerce Stock Up 2.6%

NASDAQ EVCM traded up $0.27 during mid-day trading on Thursday, reaching $10.64. The stock had a trading volume of 39,901 shares, compared to its average volume of 197,665. The stock has a market cap of $1.91 billion, a PE ratio of -1,061.44, a price-to-earnings-growth ratio of 5.02 and a beta of 1.07. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $12.34. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. The company has a fifty day moving average price of $10.14 and a 200 day moving average price of $10.59.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its position in shares of EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after acquiring an additional 1,667 shares during the period. State of Alaska Department of Revenue purchased a new position in EverCommerce during the third quarter valued at $91,000. Deutsche Bank AG lifted its position in EverCommerce by 141.9% during the first quarter. Deutsche Bank AG now owns 9,836 shares of the company’s stock valued at $99,000 after purchasing an additional 5,770 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in EverCommerce in the first quarter worth about $102,000. Finally, R Squared Ltd bought a new position in shares of EverCommerce in the third quarter worth about $122,000. 97.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EVCM. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a report on Wednesday, October 8th. Royal Bank Of Canada lowered their target price on shares of EverCommerce from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Friday, November 7th. Barclays reduced their price target on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, November 10th. Zacks Research upgraded shares of EverCommerce from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Finally, Lake Street Capital set a $11.00 target price on shares of EverCommerce in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.00.

EverCommerce Company Profile

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.