Insider Selling: 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 stock was sold at an average price of $12.17, for a total value of $60,850.00. Following the sale, the president owned 1,984,941 shares of the company’s stock, valued at $24,156,731.97. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, March 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $12.03, for a total value of $120,300.00.
• On Monday, March 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was 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 transaction 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 transaction 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 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 shares were sold at an average price of $10.04, for a total transaction of $43,172.00.

EverCommerce Price Performance

NASDAQ EVCM opened at $12.26 on Monday. The firm’s fifty day simple moving average is $11.50 and its two-hundred day simple moving average is $11.09. The firm has a market capitalization of $2.20 billion, a P/E ratio of -1,224.78, a P/E/G ratio of 2.49 and a beta of 1.04. 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.

Hedge Funds Weigh In On EverCommerce

Several hedge funds have recently made changes to their positions in EVCM. Arrowstreet Capital Limited Partnership raised its stake in EverCommerce by 328.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company’s stock worth $7,502,000 after acquiring an additional 547,712 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in EverCommerce by 200.7% during the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after purchasing an additional 83,794 shares during the last quarter. JPMorgan Chase & Co. grew its stake in EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after purchasing an additional 11,996 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after purchasing an additional 50,854 shares during the period. Finally, Los Angeles Capital Management LLC increased its holdings in shares of EverCommerce by 136.9% in the second quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock valued at $862,000 after purchasing an additional 47,470 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EVCM has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of EverCommerce in a research note on Thursday, January 22nd. Raymond James Financial cut EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Zacks Research downgraded EverCommerce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 12th. 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 note on Monday, January 5th. Finally, Barclays cut their price objective 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 equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price 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.