Insider Selling: EverCommerce (NASDAQ:EVCM) President Sells $51,000.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $10.20, for a total transaction of $51,000.00. Following the transaction, the president owned 1,996,679 shares of the company’s stock, valued at approximately $20,366,125.80. This represents a 0.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Wednesday, August 5th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.83, for a total value of $118,300.00.
• On Monday, August 3rd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $12.13, for a total value of $121,300.00.
• On Thursday, July 9th, Matthew David Feierstein sold 1,971 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total value of $19,769.13.
• On Wednesday, July 8th, Matthew David Feierstein sold 1,798 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total value of $17,980.00.
• On Monday, July 6th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were 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 stock was 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 shares were sold at an average price of $11.26, for a total transaction of $112,600.00.

EverCommerce Price Performance

EVCM opened at $10.92 on Monday. The firm’s 50-day simple moving average is $10.35 and its 200-day simple moving average is $10.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 60.67, a PEG ratio of 0.97 and a beta of 0.91.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The firm had revenue of $152.02 million for the quarter, compared to analyst estimates of $152.29 million. EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 EPS. Equities research analysts anticipate that EverCommerce Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EVCM has been the topic of several recent analyst reports. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada decreased their target price on EverCommerce from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Thursday. Barclays lifted their price target on EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Canaccord Genuity Group increased their price objective on shares of EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.00.

EverCommerce News Summary

Here are the key news stories impacting EverCommerce this week:

• Positive Sentiment: Second-quarter revenue rose 2.7% year over year to $152.0 million, essentially matching the $152.29 million analyst consensus. The company also appointed Alex Goor as CEO, while founder Eric Remer remains on the board, potentially bringing fresh growth initiatives while preserving leadership continuity. EverCommerce Second-Quarter Results EverCommerce CEO Appointment
• Neutral Sentiment: CEO Eric Remer and President Matthew Feierstein sold shares through pre-arranged Rule 10b5-1 plans. The transactions were relatively small compared with their remaining holdings, reducing their significance, although the repeated selling may still attract investor attention.
• Negative Sentiment: EverCommerce reported quarterly earnings of approximately $0.05 per share, well below the $0.15 consensus estimate. Revenue was close to expectations, so the miss primarily highlights pressure on profitability and operating performance. EverCommerce Q2 Earnings Call Transcript
• Negative Sentiment: Third-quarter revenue guidance of $151.5 million to $154.5 million trails the $156.8 million analyst estimate, signaling slower near-term growth. Full-year guidance of $612 million to $632 million remains near consensus but offers limited upside at the midpoint.
• Negative Sentiment: Royal Bank of Canada cut its EverCommerce price target from $11.00 to $10.00 and maintained a “sector perform” rating. The new target is below the recent trading level, reinforcing concerns about valuation and growth prospects. RBC Cuts EverCommerce Price Target

Institutional Investors Weigh In On EverCommerce

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC acquired a new position in shares of EverCommerce during the 2nd quarter worth about $2,716,000. Tudor Investment Corp ET AL raised its position in shares of EverCommerce by 200.7% in the 3rd quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company’s stock valued at $1,397,000 after acquiring an additional 83,794 shares during the period. Barclays PLC boosted its stake in EverCommerce by 5.1% during the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after acquiring an additional 1,101 shares during the last quarter. Wells Fargo & Company MN boosted its stake 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 acquiring an additional 7,085 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in EverCommerce during the fourth quarter valued at approximately $177,000. Institutional investors own 97.91% of the company’s stock.

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.