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

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $10.03, for a total transaction of $100,300.00. Following the completion of the transaction, the president owned 2,045,448 shares of the company’s stock, valued at $20,515,843.44. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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, 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 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 transaction 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 shares were 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 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 stock was 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 value of $119,400.00.

EverCommerce Stock Up 2.3%

Shares of EVCM stock opened at $10.20 on Friday. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The stock has a market cap of $1.80 billion, a PE ratio of 60.00, a price-to-earnings-growth ratio of 0.89 and a beta of 0.93. The business’s fifty day moving average is $10.00 and its 200-day moving average is $10.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. increased its position in shares of EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after acquiring an additional 1,190 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of EverCommerce in the 4th quarter valued at approximately $177,000. BNP Paribas Financial Markets lifted its position in shares of EverCommerce by 863.2% in the 3rd 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 in the last quarter. Oxford Asset Management LLP acquired a new position in EverCommerce in the 2nd quarter worth approximately $168,000. Finally, Wells Fargo & Company MN grew its position in EverCommerce by 76.8% during the 4th 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 in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Key EverCommerce News

Here are the key news stories impacting EverCommerce this week:

• Negative Sentiment: CEO Eric Richard Remer sold 8,742 shares on July 8 and 11,269 shares on July 7, continuing a recent pattern of insider selling. Although both trades were made under a pre-arranged 10b5-1 plan, repeated sales by top executives can pressure investor sentiment. Article Title
• Negative Sentiment: President Matthew David Feierstein sold 1,798 shares on July 8 and 10,000 shares on July 6, adding to the recent insider-selling trend. While the transactions were also conducted under a 10b5-1 plan, they may reinforce concerns that management sees limited near-term upside. Article Title
• Negative Sentiment: Goldman Sachs reportedly remained at a sell rating on EverCommerce, which could further dampen sentiment around the stock. Analyst pessimism combined with insider sales often creates an overhang for shares. Article Title

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 price objective 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. Oppenheimer restated an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. The Goldman Sachs Group decreased their price target on shares of EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Finally, Canaccord Genuity Group increased their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock 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.