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 business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $11.87, for a total value of $118,700.00. Following the completion of the sale, the president directly owned 2,135,606 shares in the company, valued at approximately $25,349,643.22. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Friday, May 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was 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 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.
• 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 Wednesday, March 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $12.03, for a total value of $120,300.00.
• On Thursday, March 5th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were sold at an average price of $12.17, for a total transaction of $60,850.00.
• On Monday, March 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.34, for a total transaction of $113,400.00.
• On Wednesday, February 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $10.80, for a total value of $108,000.00.

EverCommerce Price Performance

Shares of NASDAQ:EVCM opened at $11.02 on Wednesday. The firm’s 50 day moving average price is $11.45 and its 200-day moving average price is $11.10. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.95 billion, a PE ratio of 122.46, a price-to-earnings-growth ratio of 2.57 and a beta of 0.94.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Thursday, March 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The company had revenue of $151.15 million during the quarter, compared to the consensus estimate of $150.06 million. During the same period in the prior year, the business posted ($0.07) earnings per share. EverCommerce’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts expect that EverCommerce Inc. will post 0.23 EPS for the current year.

Wall Street Analyst Weigh In

EVCM has been the topic of a number of research analyst reports. Citizens Jmp downgraded EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Wall Street Zen upgraded shares of EverCommerce from a “hold” rating to a “buy” rating in a report on Saturday, March 21st. Royal Bank Of Canada decreased their target price on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Friday, March 13th. Weiss Ratings raised shares of EverCommerce from a “sell (d-)” rating to a “hold (c-)” rating in a report on Friday, March 13th. Finally, Canaccord Genuity Group dropped their price target on EverCommerce from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Two equities research 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’s stock. Based on data from MarketBeat, EverCommerce currently has an average rating of “Hold” and an average target price of $10.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL lifted 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 worth $1,397,000 after purchasing an additional 83,794 shares during the period. JPMorgan Chase & Co. increased its holdings in EverCommerce by 11.9% during 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 during the period. Goldman Sachs Group Inc. raised its stake in EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after buying an additional 50,854 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in EverCommerce by 111.6% in the fourth quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company’s stock worth $749,000 after buying an additional 34,979 shares in the last quarter. Finally, XTX Topco Ltd lifted its holdings in EverCommerce by 110.4% during the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock worth $628,000 after buying an additional 27,224 shares during the period. 97.91% of the stock is currently owned by institutional investors.

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.