Matthew David Feierstein Sells 1,971 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 1,971 shares of the stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $10.03, for a total transaction of $19,769.13. Following the completion of the sale, the president directly owned 2,031,679 shares in the company, valued at approximately $20,377,740.37. This represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 8th, Matthew David Feierstein sold 1,798 shares of EverCommerce stock. The stock was sold at an average price of $10.00, for a total transaction of $17,980.00.
• On Monday, July 6th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total transaction of $100,300.00.
• On Wednesday, July 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $10.34, for a total value of $103,400.00.
• 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.

EverCommerce Price Performance

EVCM stock opened at $10.98 on Wednesday. The business has a 50 day moving average price of $9.95 and a 200 day moving average price of $10.95. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 64.59, a PEG ratio of 0.97 and a beta of 0.93. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The business had revenue of $147.47 million during the quarter, compared to analyst estimates of $147.18 million. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that EverCommerce Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EVCM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 price target on shares of EverCommerce in a research note on Friday, May 8th. Canaccord Genuity Group raised their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Finally, Weiss Ratings cut EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, EverCommerce currently has an average rating of “Hold” and a consensus target price of $11.25.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds have recently modified their holdings of the business. Prudential Financial Inc. raised its position in 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 during the last quarter. Oxford Asset Management LLP acquired a new stake in EverCommerce during the 2nd quarter worth $168,000. BNP Paribas Financial Markets grew its position in EverCommerce by 863.2% during the 3rd 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 during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in EverCommerce during the 4th quarter worth $177,000. Finally, Wells Fargo & Company MN increased its stake in EverCommerce by 76.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after purchasing an additional 7,085 shares during the period. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

EverCommerce Company Profile

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.