Key Points
- CEO Eric Richard Remer sold 19,200 shares on March 3 at an average price of $11.43 for $219,456, leaving him with 2,592,997 shares (a 0.74% decrease in his ownership valued at about $29.6M).
- Remer has been regularly selling shares since late January across multiple transactions totaling more than $1.16 million in proceeds from Jan. 28 to Mar. 3.
- Analyst sentiment is muted: the consensus rating is "Reduce" with a $11.00 average price target, while shares trade near $11.61 and the company has a market cap of about $2.08 billion.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $11.34, for a total value of $113,400.00. Following the transaction, the president owned 2,014,214 shares in the company, valued at $22,841,186.76. This represents a 0.49% decrease in their position. The transaction 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, 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 value of $108,000.00.
- On Monday, February 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was 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 shares were 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 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 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 Trading Up 2.8%
Shares of EVCM stock opened at $11.61 on Wednesday. The company has a market capitalization of $2.08 billion, a P/E ratio of -1,159.84, a price-to-earnings-growth ratio of 2.30 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. The business's 50 day moving average is $11.48 and its two-hundred day moving average is $11.06. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41.
Wall Street Analyst Weigh In
EVCM has been the subject of several recent 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 shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 6th. Zacks Research lowered EverCommerce from a "strong-buy" rating to a "hold" rating in a report on Friday, December 12th. Royal Bank Of Canada downgraded EverCommerce from an "outperform" rating to a "sector perform" rating and set a $12.00 target price for the company. in a research note on Monday, January 5th. Finally, Barclays reduced their price target on EverCommerce from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Monday, November 10th. Two 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 MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $11.00.
View Our Latest Research Report on EVCM
Institutional Investors Weigh In On EverCommerce
Several institutional investors have recently modified their holdings of the company. Federated Hermes Inc. increased its stake in EverCommerce by 118.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company's stock valued at $34,000 after purchasing an additional 1,667 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in EverCommerce in the third quarter valued at $91,000. R Squared Ltd purchased a new position in shares of EverCommerce in the third quarter valued at $122,000. Prudential Financial Inc. raised its stake in shares of EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock worth $142,000 after buying an additional 1,190 shares during the last quarter. Finally, Inceptionr LLC purchased a new stake in shares of EverCommerce in the 2nd quarter worth about $159,000. Hedge funds and other institutional investors own 97.91% of the company's stock.
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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