Insider Selling: EverCommerce Inc. (NASDAQ:EVCM) President Sells $89,907.30 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 7,455 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $12.06, for a total value of $89,907.30. Following the completion of the transaction, the president now directly owns 2,239,169 shares of the company’s stock, valued at approximately $27,004,378.14. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• 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 Stock Down 0.6 %

Shares of EVCM opened at $12.02 on Friday. The business’s fifty day moving average price is $11.19 and its two-hundred day moving average price is $10.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -42.93 and a beta of 1.12. EverCommerce Inc. has a 52 week low of $6.22 and a 52 week high of $12.35.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The company had revenue of $176.26 million during the quarter, compared to analyst estimates of $174.87 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that EverCommerce Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

EVCM has been the topic of a number of research analyst reports. Piper Sandler increased 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 increased their price target on EverCommerce from $12.00 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. JMP Securities increased their price target on EverCommerce from $12.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, November 13th. Oppenheimer increased their price target on EverCommerce from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Barclays increased their price target on EverCommerce from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.56.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of EverCommerce in the 3rd quarter valued at $107,000. The Manufacturers Life Insurance Company raised its stake in EverCommerce by 10.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,360 shares of the company’s stock worth $125,000 after buying an additional 1,089 shares during the period. Renaissance Technologies LLC raised its stake in EverCommerce by 19.4% during the 2nd quarter. Renaissance Technologies LLC now owns 16,600 shares of the company’s stock worth $182,000 after buying an additional 2,700 shares during the period. RIA Advisory Group LLC acquired a new stake in EverCommerce during the 3rd quarter worth $241,000. Finally, Barclays PLC raised its stake in EverCommerce by 305.6% during the 3rd quarter. Barclays PLC now owns 29,677 shares of the company’s stock worth $307,000 after buying an additional 22,360 shares during the period. Institutional investors and hedge funds own 97.91% of the company’s stock.

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.