EverCommerce (NASDAQ:EVCM) President Sells $113,700.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of EverCommerce stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $11.37, for a total value of $113,700.00. Following the completion of the sale, the president directly owned 2,090,919 shares of the company’s stock, valued at $23,773,749.03. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 value of $116,600.00.
• 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 shares were 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.
• On Monday, November 3rd, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The stock was sold at an average price of $11.38, for a total transaction of $284,500.00.

EverCommerce Trading Down 0.4%

EVCM stock traded down $0.05 during midday trading on Tuesday, reaching $11.83. The company’s stock had a trading volume of 313,050 shares, compared to its average volume of 306,622. The business’s 50-day simple moving average is $10.47 and its 200-day simple moving average is $10.89. 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 52 week low of $7.66 and a 52 week high of $14.41. The stock has a market cap of $2.12 billion, a PE ratio of -1,181.82, a price-to-earnings-growth ratio of 2.42 and a beta of 1.03.

Hedge Funds Weigh In On EverCommerce

A number of large investors have recently added to or reduced their stakes in EVCM. Federated Hermes Inc. raised its stake in shares of EverCommerce by 118.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after purchasing an additional 1,667 shares during the period. State of Alaska Department of Revenue bought a new position in shares of EverCommerce during the third quarter worth about $91,000. R Squared Ltd bought a new position in shares of EverCommerce during the third quarter worth about $122,000. Prudential Financial Inc. raised its position in EverCommerce by 9.6% in the 2nd 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 last quarter. Finally, Inceptionr LLC bought a new stake in EverCommerce in the 2nd quarter valued at approximately $159,000. Institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on EVCM shares. Lake Street Capital set a $11.00 price objective on EverCommerce in a report on Tuesday, October 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EverCommerce in a research note on Wednesday, October 8th. Royal Bank Of Canada lowered shares of EverCommerce from an “outperform” rating to a “sector perform” rating and set a $12.00 price objective on the stock. in a research note on Monday. Zacks Research downgraded shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Barclays cut their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $11.00.

About EverCommerce

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.