EverCommerce (NASDAQ:EVCM) President Sells $17,980.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 1,798 shares of EverCommerce stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $10.00, for a total value of $17,980.00. Following the transaction, the president owned 2,033,650 shares of the company’s stock, valued at $20,336,500. The trade was a 0.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 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 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 transaction of $112,600.00.
• On Wednesday, May 6th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were 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 shares were sold at an average price of $11.94, for a total transaction of $119,400.00.

EverCommerce Stock Down 1.0%

EverCommerce stock traded down $0.10 during trading hours on Wednesday, hitting $9.97. The stock had a trading volume of 141,457 shares, compared to its average volume of 153,563. The stock’s 50-day moving average price is $10.03 and its 200-day moving average price is $10.99. The stock has a market capitalization of $1.76 billion, a P/E ratio of 58.65, a price-to-earnings-growth ratio of 0.90 and a beta of 0.93. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month 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 posted its quarterly earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). The firm had revenue of $147.47 million for the quarter, compared to analysts’ expectations of $147.18 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 EPS. Equities research analysts anticipate that EverCommerce Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EVCM shares. The Goldman Sachs Group reduced their target price on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a report on Friday, March 13th. Royal Bank Of Canada dropped their price objective on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Friday, March 13th. Canaccord Genuity Group lifted 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Finally, Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.25.

Institutional Investors Weigh In On EverCommerce

A number of institutional investors have recently added to or reduced their stakes in EVCM. CoreCap Advisors LLC bought a new stake in shares of EverCommerce during the second quarter valued at approximately $2,716,000. Bank of America Corp DE boosted its position in shares of EverCommerce by 202.9% during the first quarter. Bank of America Corp DE now owns 47,848 shares of the company’s stock worth $547,000 after acquiring an additional 32,053 shares during the last quarter. Quantinno Capital Management LP grew its stake in EverCommerce by 117.7% during the first quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock valued at $552,000 after acquiring an additional 26,109 shares in the last quarter. XTX Topco Ltd grew its stake in EverCommerce by 110.4% during the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock valued at $628,000 after acquiring an additional 27,224 shares in the last quarter. Finally, Barclays PLC increased its holdings in EverCommerce by 5.1% in the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after acquiring an additional 1,101 shares during the last quarter. 97.91% of the stock is 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.