Insider Selling: EverCommerce (NASDAQ:EVCM) President Sells $103,400.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $10.34, for a total transaction of $103,400.00. Following the transaction, the president owned 2,065,448 shares of the company’s stock, valued at approximately $21,356,732.32. This represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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, 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 shares were 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 value 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 stock was 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.
• 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 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 transaction of $119,000.00.

EverCommerce Price Performance

Shares of NASDAQ EVCM traded down $0.67 during mid-day trading on Thursday, hitting $9.98. 214,156 shares of the company’s stock traded hands, compared to its average volume of 158,249. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.08 and a quick ratio of 2.08. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The company’s 50-day moving average is $10.17 and its two-hundred day moving average is $11.07. The company has a market capitalization of $1.77 billion, a P/E ratio of 58.71, a PEG ratio of 2.26 and a beta of 0.93.

EverCommerce (NASDAQ:EVCM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). The company 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 revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.01 earnings per share. On average, equities analysts anticipate that EverCommerce Inc. will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

EVCM has been the topic of a number of recent analyst reports. Canaccord Genuity Group upped 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. Oppenheimer reiterated an “outperform” rating on shares of EverCommerce in a research note on Friday, March 13th. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Citizens Jmp lowered EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Finally, The Goldman Sachs Group reduced their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company 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 company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $11.25.

Institutional Investors Weigh In On EverCommerce

Several institutional investors have recently bought and sold shares of EVCM. Prudential Financial Inc. increased its stake in EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after buying an additional 1,190 shares in the last quarter. Oxford Asset Management LLP acquired a new stake in shares of EverCommerce in the second quarter worth approximately $168,000. BNP Paribas Financial Markets increased its position in shares of EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after purchasing an additional 13,734 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in EverCommerce in the 4th quarter valued at $177,000. Finally, Wells Fargo & Company MN raised its stake in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after purchasing an additional 7,085 shares during the last quarter. 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.