By otakuyassine3@gmail.com 
EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) President Matthew David Feierstein sold 5,513 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $10.07, for a total value of $55,515.91. Following the sale, the president now owns 2,187,695 shares in the company, valued at $22,030,088.65. The trade was a 0.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Matthew David Feierstein also recently made the following trade(s):
- On Monday, February 3rd, Matthew David Feierstein sold 2,888 shares of EverCommerce stock. The shares were sold at an average price of $10.01, for a total value of $28,908.88.
- On Thursday, January 2nd, Matthew David Feierstein sold 20,401 shares of EverCommerce stock. The shares were sold at an average price of $10.81, for a total transaction of $220,534.81.
- On Monday, December 9th, Matthew David Feierstein sold 7,455 shares of EverCommerce stock. The shares were sold at an average price of $12.06, for a total transaction of $89,907.30.
- On Friday, December 6th, Matthew David Feierstein sold 17,545 shares of EverCommerce stock. The stock was sold at an average price of $11.92, for a total value of $209,136.40.
EverCommerce Trading Up 1.0 %
Shares of EverCommerce stock traded up $0.10 during mid-day trading on Wednesday, hitting $10.18. The stock had a trading volume of 170,250 shares, compared to its average volume of 86,572. EverCommerce Inc. has a 12-month low of $6.22 and a 12-month high of $12.35. The firm has a market cap of $1.87 billion, a P/E ratio of -36.36 and a beta of 1.13. The firm has a 50-day moving average of $11.02 and a two-hundred day moving average of $10.85. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.68.
EverCommerce (NASDAQ:EVCM – Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The firm had revenue of $176.26 million during the quarter, compared to analysts’ expectations of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts forecast that EverCommerce Inc. will post -0.17 earnings per share for the current year.
Institutional Trading of EverCommerce
Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC grew its stake in EverCommerce by 673.4% during the 2nd quarter. Millennium Management LLC now owns 323,360 shares of the company’s stock valued at $3,550,000 after purchasing an additional 281,551 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of EverCommerce by 39.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 340,684 shares of the company’s stock worth $3,740,000 after purchasing an additional 95,934 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of EverCommerce by 161.4% during the third quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company’s stock valued at $1,059,000 after acquiring an additional 63,139 shares during the period. DekaBank Deutsche Girozentrale bought a new position in EverCommerce in the 3rd quarter worth about $570,000. Finally, Edgestream Partners L.P. bought a new stake in EverCommerce during the 3rd quarter valued at $536,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently issued reports on EVCM shares. Oppenheimer lifted their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Piper Sandler boosted their price target on EverCommerce from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Royal Bank of Canada raised their price objective on EverCommerce from $12.00 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Barclays boosted their target price on shares of EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, JMP Securities lifted their price objective on shares of EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.56.
Read Our Latest Stock Analysis on EVCM
About EverCommerce
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.
Further Reading
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