EverCommerce (NASDAQ:EVCM) President Sells $19,769.13 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 1,971 shares of the business’s stock in a transaction 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 sale, the president owned 2,031,679 shares of the company’s stock, 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 value 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 value of $100,300.00.
• On Wednesday, July 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was 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 shares were 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 shares were sold at an average price of $11.94, for a total transaction of $119,400.00.

EverCommerce Stock Performance

Shares of NASDAQ EVCM traded up $0.65 during midday trading on Monday, hitting $10.82. 212,172 shares of the company’s stock traded hands, compared to its average volume of 152,429. The firm has a fifty day moving average of $9.95 and a 200 day moving average of $10.96. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. 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 stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 63.65, a price-to-earnings-growth ratio of 0.91 and a beta of 0.93.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings data 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). The business had revenue of $147.47 million during the quarter, compared to analysts’ expectations of $147.18 million. EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 EPS. On average, analysts forecast that EverCommerce Inc. will post 0.57 earnings per share for the current year.

Hedge Funds Weigh In On EverCommerce

A number of hedge funds have recently modified their holdings of the company. CoreCap Advisors LLC bought a new stake in shares of EverCommerce during the 2nd quarter valued at $2,716,000. Tudor Investment Corp ET AL increased its stake in EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock worth $1,397,000 after buying an additional 83,794 shares in the last quarter. JPMorgan Chase & Co. increased its stake in EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after buying an additional 11,996 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in EverCommerce by 94.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after acquiring an additional 50,854 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in EverCommerce by 111.6% during the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after acquiring an additional 34,979 shares during the period. 97.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.