EverCommerce (NASDAQ:EVCM) President Matthew David Feierstein Sells 10,000 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $10.03, for a total value of $100,300.00. Following the completion of the sale, the president owned 2,045,448 shares of the company’s stock, valued at approximately $20,515,843.44. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 value of $17,980.00.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $119,400.00.

EverCommerce Stock Performance

Shares of EVCM opened at $9.97 on Thursday. The company has a market capitalization of $1.76 billion, a PE ratio of 58.65, a price-to-earnings-growth ratio of 0.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08. EverCommerce Inc. has a one year low of $7.66 and a one year high of $14.41. The company’s fifty day moving average price is $10.03 and its 200 day moving average price is $10.99.

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

Wall Street Analyst Weigh In

EVCM has been the topic of several research analyst reports. Oppenheimer restated an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 price objective on shares of EverCommerce in a research report on Friday, May 8th. The Goldman Sachs Group decreased their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock 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 report on Sunday, June 14th. Finally, Citizens Jmp lowered EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $11.25.

Institutional Investors Weigh In On EverCommerce

Institutional investors and hedge funds have recently bought and sold shares of the business. Prudential Financial Inc. raised its stake 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 buying an additional 1,190 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of EverCommerce during the 4th quarter valued at about $177,000. BNP Paribas Financial Markets increased its stake in EverCommerce by 863.2% in the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after acquiring an additional 13,734 shares during the period. Oxford Asset Management LLP acquired a new position in EverCommerce in the second quarter worth about $168,000. Finally, Wells Fargo & Company MN lifted its stake in EverCommerce by 76.8% during 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. Institutional investors own 97.91% of the company’s stock.

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.