Insider Selling: EverCommerce (NASDAQ:EVCM) President Sells 10,000 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of EverCommerce stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $11.90, for a total transaction of $119,000.00. Following the completion of the sale, the president owned 2,160,606 shares of the company’s stock, valued at $25,711,211.40. This trade represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, April 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were sold at an average price of $11.40, for a total transaction of $57,000.00.
• On Wednesday, April 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.43, for a total transaction of $114,300.00.
• On Wednesday, March 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $12.03, for a total transaction of $120,300.00.
• On Thursday, March 5th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $12.17, for a total transaction of $60,850.00.
• On Monday, March 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.34, for a total transaction of $113,400.00.
• On Wednesday, February 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $10.80, for a total transaction of $108,000.00.
• On Monday, February 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $12.06, for a total transaction of $120,600.00.

EverCommerce Stock Performance

Shares of EverCommerce stock traded up $0.10 on Wednesday, reaching $11.46. The stock had a trading volume of 145,300 shares, compared to its average volume of 150,539. The business’s 50-day moving average price is $11.08 and its two-hundred day moving average price is $11.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The stock has a market cap of $2.03 billion, a P/E ratio of 127.35, a price-to-earnings-growth ratio of 2.58 and a beta of 1.01.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The firm had revenue of $151.15 million during the quarter, compared to analyst estimates of $150.06 million. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. EverCommerce’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, sell-side analysts forecast that EverCommerce Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citizens Jmp cut shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Raymond James Financial cut shares of EverCommerce from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Royal Bank Of Canada cut their target price on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research note on Friday, March 13th. The Goldman Sachs Group cut their target price on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Finally, Weiss Ratings upgraded shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, EverCommerce has an average rating of “Hold” and an average target price of $10.71.

Hedge Funds Weigh In On EverCommerce

Large investors have recently bought and sold shares of the stock. Federated Hermes Inc. raised its stake in EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock valued at $34,000 after purchasing an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in EverCommerce in the 3rd quarter valued at $91,000. R Squared Ltd bought a new stake in EverCommerce in the 3rd quarter valued at $122,000. Prudential Financial Inc. increased its holdings 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 buying an additional 1,190 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new stake in EverCommerce in the 4th quarter valued at $177,000. 97.91% of the stock is currently 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.