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 stock in a transaction on Monday, January 5th. The shares were sold at an average price of $11.66, for a total value of $116,600.00. Following the completion of the transaction, the president directly owned 2,080,919 shares in the company, valued at $24,263,515.54. This trade represents a 0.48% decrease in their position. 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 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 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 Stock Performance

Shares of EverCommerce stock opened at $12.14 on Thursday. 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 firm’s 50 day moving average is $10.48 and its two-hundred day moving average is $10.90. The firm has a market capitalization of $2.18 billion, a P/E ratio of -1,212.79, a P/E/G ratio of 2.41 and a beta of 1.03.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. lifted its holdings in shares of EverCommerce by 118.3% during the third quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after purchasing an additional 1,667 shares during the period. State of Alaska Department of Revenue purchased a new position in EverCommerce during the 3rd quarter worth $91,000. R Squared Ltd acquired a new stake in shares of EverCommerce in the 3rd quarter worth $122,000. Prudential Financial Inc. lifted its stake in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares during the period. Finally, Inceptionr LLC purchased 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

Several equities research analysts recently commented on the stock. Barclays cut 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of EverCommerce in a research report on Wednesday, October 8th. Raymond James Financial cut EverCommerce from a “moderate buy” rating to a “hold” rating in a research report on Tuesday. Lake Street Capital set a $11.00 price target on EverCommerce in a research note on Tuesday, October 14th. Finally, Zacks Research lowered EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price 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.