Insider Selling: EverCommerce (NASDAQ:EVCM) President Sells $100,000.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew Feierstein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $10.00, for a total value of $100,000.00. Following the transaction, the president owned 1,961,214 shares of the company’s stock, valued at approximately $19,612,140. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 6th, Matthew Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total transaction of $51,000.00.
• On Wednesday, August 5th, Matthew Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.83, for a total transaction of $118,300.00.
• On Monday, August 3rd, Matthew Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $12.13, for a total transaction of $121,300.00.
• On Thursday, July 9th, Matthew Feierstein sold 1,971 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total transaction of $19,769.13.
• On Wednesday, July 8th, Matthew Feierstein sold 1,798 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total transaction of $17,980.00.

EverCommerce Stock Performance

NASDAQ EVCM opened at $9.30 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 51.67, a P/E/G ratio of 0.90 and a beta of 0.75. The company’s fifty day moving average is $9.09 and its two-hundred day moving average is $10.14. EverCommerce Inc. has a 52-week low of $6.21 and a 52-week high of $14.41.

EverCommerce (NASDAQ:EVCM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The company had revenue of $152.02 million for the quarter, compared to analyst estimates of $152.29 million. During the same period in the prior year, the company posted $0.04 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that EverCommerce Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 26th. Weiss Ratings raised EverCommerce from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, September 24th. Barclays lifted their price target on shares of EverCommerce from $8.50 to $10.00 and gave the stock an “underweight” rating in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada dropped their price objective on shares of EverCommerce from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EVCM. BlackRock Inc. acquired a new stake in shares of EverCommerce in the 2nd quarter valued at $10,724,000. CoreCap Advisors LLC bought a new position in EverCommerce during the 2nd quarter valued at about $2,716,000. Quantinno Capital Management LP lifted its holdings in EverCommerce by 117.7% during the 1st quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock valued at $552,000 after purchasing an additional 26,109 shares during the last quarter. Bank of America Corp DE lifted its holdings in EverCommerce by 202.9% during the 1st quarter. Bank of America Corp DE now owns 47,848 shares of the company’s stock valued at $547,000 after purchasing an additional 32,053 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in EverCommerce in the second quarter valued at about $324,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

About EverCommerce

EverCommerce, Inc is a Denver-based provider of integrated software and payment solutions for service-oriented small and medium-sized businesses. The company develops and operates vertical-market software designed to help businesses manage customer relationships, scheduling, communications, billing, payments, marketing and other administrative functions.

Its solutions serve a range of industries, including health services, home and field services, fitness and wellness, and other professional services.