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

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $11.26, for a total value of $112,600.00. Following the completion of the sale, the president directly owned 2,106,254 shares in the company, valued at $23,716,420.04. This represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Matthew David Feierstein also recently made the following trade(s):

• 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 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 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 value of $119,400.00.
• On Tuesday, April 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $11.40, for a total value of $57,000.00.
• On Monday, April 6th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.90, for a total value of $119,000.00.
• On Wednesday, April 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.43, for a total value of $114,300.00.
• 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 value of $60,850.00.

EverCommerce Price Performance

Shares of NASDAQ EVCM opened at $9.43 on Thursday. 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 Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The firm has a market capitalization of $1.67 billion, a PE ratio of 55.47, a price-to-earnings-growth ratio of 2.17 and a beta of 0.92. The stock’s 50-day simple moving average is $11.19 and its 200-day simple moving average is $11.06.

EverCommerce (NASDAQ:EVCM) last issued its earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) 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 company had revenue of $147.47 million during the quarter, compared to analyst estimates of $147.18 million. During the same quarter in the previous year, the company posted $0.01 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts forecast that EverCommerce Inc. will post 0.24 EPS for the current fiscal year.

Key Headlines Impacting EverCommerce

Here are the key news stories impacting EverCommerce this week:

• Negative Sentiment: CEO Eric Richard Remer sold 13,542 shares on June 2, followed by an additional 5,658 shares on June 3, adding to a series of insider sales that may signal caution to investors. SEC filing
• Negative Sentiment: President Matthew David Feierstein also sold shares on June 1 and June 3, reinforcing the impression of ongoing insider distribution rather than insider buying. SEC filing
• Neutral Sentiment: The transactions were made under pre-arranged 10b5-1 plans and were reportedly to cover tax obligations, which suggests they may be routine rather than a direct negative signal about business fundamentals.
• Neutral Sentiment: EverCommerce recently missed earnings expectations, reporting $0.04 EPS versus $0.14 expected, although revenue was roughly in line at $147.47 million and grew 3.7% year over year.
• Positive Sentiment: Analyst coverage remains mixed but not uniformly bearish, with several firms maintaining buy or outperform views and a consensus target above the recent trading range.

Institutional Trading of EverCommerce

A number of institutional investors have recently modified their holdings of the business. Tudor Investment Corp ET AL boosted its stake in shares of 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 buying an additional 83,794 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after buying an additional 11,996 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock valued at $1,266,000 after buying an additional 50,854 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of EverCommerce by 111.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock valued at $749,000 after buying an additional 34,979 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of EverCommerce by 110.4% in the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock valued at $628,000 after buying an additional 27,224 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EVCM has been the subject of several research analyst reports. Citizens Jmp cut shares of EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Canaccord Genuity Group lifted their price target on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 price target on shares of EverCommerce in a research report on Friday, May 8th. Finally, The Goldman Sachs Group cut their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given 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.