EverCommerce (NASDAQ:EVCM) President Matthew David Feierstein Sells 10,000 Shares

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $12.03, for a total transaction of $120,300.00. Following the sale, the president directly owned 1,989,941 shares in the company, valued at $23,938,990.23. The trade was a 0.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, March 5th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were sold at an average price of $12.17, for a total transaction of $60,850.00.
• On Monday, March 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were 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 stock was 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 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 value 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 value of $43,172.00.

EverCommerce Price Performance

NASDAQ EVCM traded up $0.13 during trading hours on Friday, reaching $12.26. The company’s stock had a trading volume of 132,702 shares, compared to its average volume of 133,405. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -1,224.78, a P/E/G ratio of 2.47 and a beta of 1.04. The company’s 50-day moving average is $11.50 and its two-hundred day moving average is $11.09. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EVCM. Weiss Ratings reissued a “sell (d-)” rating on shares of EverCommerce in a research note on Thursday, January 22nd. Raymond James Financial downgraded shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a report on Tuesday, January 6th. Barclays dropped their target price on shares of EverCommerce from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Zacks Research downgraded shares of EverCommerce from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Royal Bank Of Canada lowered shares of 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. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $11.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVCM. Los Angeles Capital Management LLC boosted its stake in EverCommerce by 136.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 82,142 shares of the company’s stock worth $862,000 after purchasing an additional 47,470 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after buying an additional 11,996 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after buying an additional 4,576 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after buying an additional 1,190 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in EverCommerce during the second quarter worth about $159,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

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.