Key Points
- President Matthew David Feierstein sold 10,000 shares of EverCommerce on Jan. 2 at $11.37 for $113,700 and has completed several other insider sales since November, leaving him with 2,090,919 shares (a 0.48% reduction) valued at about $23.77 million.
- EverCommerce shares opened at $11.83 with a 50-day/200-day SMA of $10.47/$10.89, a market cap of $2.12 billion and a one-year range of $7.66–$14.41; analysts’ consensus is a "Reduce" rating with an average price target of $11.00.
- Institutional ownership is very high (97.91%), with recent activity including stake increases by Prudential, Federated Hermes and American Century and new positions by the State of Alaska Department of Revenue and R Squared Ltd.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 10,000 shares of EverCommerce stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $11.37, for a total transaction of $113,700.00. Following the completion of the sale, the president owned 2,090,919 shares in the company, valued at approximately $23,773,749.03. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Matthew David Feierstein also recently made the following trade(s):
- 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 Wednesday, December 10th, Matthew David Feierstein sold 10,921 shares of EverCommerce stock. The stock was 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 stock was sold at an average price of $10.04, for a total transaction of $43,172.00.
- On Monday, November 3rd, Matthew David Feierstein sold 25,000 shares of EverCommerce stock. The stock was sold at an average price of $11.38, for a total transaction of $284,500.00.
EverCommerce Stock Performance
Shares of EVCM opened at $11.83 on Wednesday. The company has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $10.89. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market capitalization of $2.12 billion, a PE ratio of -1,181.82, a price-to-earnings-growth ratio of 2.42 and a beta of 1.03. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41.
Institutional Trading of EverCommerce
Several institutional investors have recently bought and sold shares of the company. Prudential Financial Inc. increased its stake in EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock valued at $142,000 after purchasing an additional 1,190 shares in the last quarter. Federated Hermes Inc. grew 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 valued at $34,000 after buying an additional 1,667 shares during the last quarter. American Century Companies Inc. increased its position in shares of EverCommerce by 19.8% during the second quarter. American Century Companies Inc. now owns 27,649 shares of the company's stock valued at $290,000 after acquiring an additional 4,576 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in EverCommerce in the 3rd quarter worth approximately $91,000. Finally, R Squared Ltd bought a new position in EverCommerce in the 3rd quarter valued at approximately $122,000. 97.91% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
EVCM has been the topic of several recent research reports. Lake Street Capital set a $11.00 price target on EverCommerce in a research note on Tuesday, October 14th. Royal Bank Of Canada cut shares of EverCommerce from an "outperform" rating to a "sector perform" rating and set a $12.00 target price on the stock. in a report on Monday. Barclays decreased their price target on shares of EverCommerce from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Monday, November 10th. Zacks Research cut shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 12th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of EverCommerce in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, EverCommerce has a consensus rating of "Reduce" and an average price target of $11.00.
Check Out Our Latest Stock Analysis on EverCommerce
EverCommerce Company Profile
(
Get Free Report)
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.
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