Key Points
- Matthew David Feierstein sold 10,000 shares on March 4 at $12.03, part of a string of insider sales since December that left him with 1,989,941 shares — a 0.50% reduction valued at about $23.94 million.
- EverCommerce stock traded at $12.26 (up ~1.1%) with a market cap of ~$2.20 billion, and analysts have a consensus rating of "Reduce" with an average target price of $11.00.
- Institutions and hedge funds own 97.91% of EverCommerce, and several large managers (Arrowstreet, Tudor, JPMorgan, Goldman Sachs) recently increased their stakes.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $12.17, for a total value of $60,850.00. Following the completion of the sale, the president owned 1,984,941 shares in the company, valued at approximately $24,156,731.97. This represents a 0.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Matthew David Feierstein also recently made the following trade(s):
- On Wednesday, March 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $12.03, for a total transaction of $120,300.00.
- 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 stock was sold at an average price of $10.04, for a total value of $43,172.00.
EverCommerce Price Performance
EVCM stock traded up $0.13 during mid-day trading on Friday, reaching $12.26. 132,702 shares of the company's stock were exchanged, compared to its average volume of 133,405. 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 12-month low of $7.66 and a 12-month high of $14.41. The stock's 50 day moving average is $11.50 and its 200 day moving average is $11.09. The company has a market cap of $2.20 billion, a price-to-earnings ratio of -1,224.78, a price-to-earnings-growth ratio of 2.47 and a beta of 1.04.
Analyst Upgrades and Downgrades
EVCM has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered EverCommerce from an "outperform" rating to a "sector perform" rating and set a $12.00 target price on the stock. in a research report on Monday, January 5th. Zacks Research cut shares of EverCommerce from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of EverCommerce in a report on Thursday, January 22nd. 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. Finally, Raymond James Financial cut shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 6th. 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 stock. According to MarketBeat, EverCommerce presently has a consensus rating of "Reduce" and an average target price of $11.00.
View Our Latest Stock Analysis on EVCM
Institutional Trading of EverCommerce
A number of hedge funds and other institutional investors have recently made changes to their positions in EVCM. Federated Hermes Inc. increased its position in shares of EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company's stock worth $34,000 after purchasing an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in EverCommerce during the 3rd quarter worth about $91,000. R Squared Ltd purchased a new stake in shares of EverCommerce during the third quarter worth approximately $122,000. Prudential Financial Inc. raised its holdings in shares of EverCommerce by 9.6% in 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. Finally, Inceptionr LLC acquired a new position in shares of EverCommerce during the 2nd quarter worth about $159,000. Institutional investors and hedge funds own 97.91% of the company's stock.
About EverCommerce
(
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.
Further Reading
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