EverCommerce (NASDAQ:EVCM) President Sells $103,400.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $10.34, for a total transaction of $103,400.00. Following the completion of the transaction, the president directly owned 2,065,448 shares in the company, valued at $21,356,732.32. This represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 30th, Matthew David Feierstein sold 5,179 shares of EverCommerce stock. The shares were sold at an average price of $10.02, for a total value of $51,893.58.
• On Wednesday, June 3rd, Matthew David Feierstein sold 1,052 shares of EverCommerce stock. The stock was sold at an average price of $10.05, for a total value of $10,572.60.
• On Monday, June 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.26, for a total value of $112,600.00.
• On Wednesday, May 6th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $10.83, for a total value of $54,150.00.
• On Monday, May 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.87, for a total value of $118,700.00.
• On Friday, May 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.94, for a total value of $119,400.00.
• On Tuesday, April 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $11.40, for a total value of $57,000.00.
• On Monday, April 6th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.90, for a total value of $119,000.00.

EverCommerce Stock Performance

Shares of EVCM opened at $9.98 on Friday. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 58.71, a price-to-earnings-growth ratio of 2.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a fifty day moving average of $10.13 and a 200-day moving average of $11.07.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). The firm had revenue of $147.47 million during the quarter, compared to analyst estimates of $147.18 million. EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The firm’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS.

Analyst Ratings Changes

A number of research firms have recently weighed in on EVCM. Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Royal Bank Of Canada decreased their price objective on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. Citizens Jmp cut EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Canaccord Genuity Group boosted their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.25.

More EverCommerce News

Here are the key news stories impacting EverCommerce this week:

• Negative Sentiment: CEO Eric Richard Remer sold 17,295 shares on July 1 and 14,800 shares on June 30, while President Matthew David Feierstein sold 10,000 shares on July 1 and 5,179 shares on June 30, adding to a run of insider selling that may pressure the stock. Article Title
• Neutral Sentiment: The sales were disclosed in SEC filings and executed under Rule 10b5-1 trading plans, which suggests they were scheduled in advance and may not signal a sudden change in management’s outlook. Article Title
• Neutral Sentiment: EverCommerce recently reported revenue that slightly topped estimates, but earnings missed expectations, leaving investors focused on whether the company can improve profitability. Article Title

Institutional Trading of EverCommerce

Institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. boosted its holdings in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after acquiring an additional 1,190 shares in the last quarter. Oxford Asset Management LLP acquired a new position in shares of EverCommerce during the second quarter valued at approximately $168,000. BNP Paribas Financial Markets raised its holdings in EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after purchasing an additional 13,734 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in EverCommerce during the fourth quarter worth approximately $177,000. Finally, Wells Fargo & Company MN lifted its position in EverCommerce by 76.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

About EverCommerce

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.