EverCommerce (NASDAQ:EVCM) President Sells 5,000 Shares

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 5,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $10.20, for a total value of $51,000.00. Following the completion of the sale, the president owned 1,996,679 shares in the company, valued at approximately $20,366,125.80. The trade was a 0.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Wednesday, August 5th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.83, for a total value of $118,300.00.
• On Monday, August 3rd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $12.13, for a total transaction of $121,300.00.
• On Thursday, July 9th, Matthew David Feierstein sold 1,971 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total transaction of $19,769.13.
• 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 transaction of $103,400.00.
• On Tuesday, June 30th, Matthew David Feierstein sold 5,179 shares of EverCommerce stock. The stock was 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.

EverCommerce Trading Up 2.9%

Shares of EverCommerce stock traded up $0.31 on Friday, hitting $10.92. 127,569 shares of the company traded hands, compared to its average volume of 145,961. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72. The company has a market cap of $1.93 billion, a PE ratio of 60.67, a PEG ratio of 1.06 and a beta of 0.91. The stock’s 50 day moving average price is $10.36 and its 200-day moving average price is $10.91. EverCommerce Inc. has a 52 week low of $7.66 and a 52 week high of $14.41.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.10). The firm had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. EverCommerce had a return on equity of 3.94% and a net margin of 5.69%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. Equities research analysts predict that EverCommerce Inc. will post 0.57 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 price target on shares of EverCommerce in a research note on Friday, May 8th. Weiss Ratings lowered shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group increased their target price on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Barclays raised their target price on shares of EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research report on Thursday. Finally, Wall Street Zen cut shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of EverCommerce in the 2nd quarter worth $10,724,000. CoreCap Advisors LLC bought a new stake in EverCommerce during the second quarter valued at about $2,716,000. Tudor Investment Corp ET AL grew its stake in EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after purchasing an additional 83,794 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after purchasing an additional 11,996 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after purchasing an additional 50,854 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

More EverCommerce News

Here are the key news stories impacting EverCommerce this week:

• Positive Sentiment: Second-quarter revenue rose 2.7% year over year to $152.0 million, essentially matching the $152.29 million analyst consensus. The company also appointed Alex Goor as CEO, while founder Eric Remer remains on the board, potentially bringing fresh growth initiatives while preserving leadership continuity. EverCommerce Second-Quarter Results EverCommerce CEO Appointment
• Neutral Sentiment: CEO Eric Remer and President Matthew Feierstein sold shares through pre-arranged Rule 10b5-1 plans. The transactions were relatively small compared with their remaining holdings, reducing their significance, although the repeated selling may still attract investor attention.
• Negative Sentiment: EverCommerce reported quarterly earnings of approximately $0.05 per share, well below the $0.15 consensus estimate. Revenue was close to expectations, so the miss primarily highlights pressure on profitability and operating performance. EverCommerce Q2 Earnings Call Transcript
• Negative Sentiment: Third-quarter revenue guidance of $151.5 million to $154.5 million trails the $156.8 million analyst estimate, signaling slower near-term growth. Full-year guidance of $612 million to $632 million remains near consensus but offers limited upside at the midpoint.
• Negative Sentiment: Royal Bank of Canada cut its EverCommerce price target from $11.00 to $10.00 and maintained a “sector perform” rating. The new target is below the recent trading level, reinforcing concerns about valuation and growth prospects. RBC Cuts EverCommerce Price Target

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.