Insider Selling: EverCommerce (NASDAQ:EVCM) President Sells 10,000 Shares

by · The Markets Daily

EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) President Matthew David Feierstein sold 10,000 shares of EverCommerce stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $11.83, for a total transaction of $118,300.00. Following the sale, the president directly owned 2,001,679 shares of the company’s stock, valued at $23,679,862.57. This represents a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, August 3rd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were 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 stock was 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 stock was sold at an average price of $10.05, for a total transaction 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 transaction of $112,600.00.

EverCommerce Trading Down 1.0%

NASDAQ EVCM traded down $0.12 during trading on Wednesday, hitting $11.85. 106,250 shares of the company’s stock traded hands, compared to its average volume of 145,844. The stock has a fifty day moving average of $10.34 and a two-hundred day moving average of $10.93. EverCommerce Inc. has a 12-month low of $7.66 and a 12-month high of $14.41. The firm has a market cap of $2.10 billion, a P/E ratio of 69.71, a PEG ratio of 1.07 and a beta of 0.91. 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 (NASDAQ:EVCM – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The company had revenue of $152.02 million during the quarter, compared to the consensus estimate of $152.29 million. During the same period last year, the firm posted $0.04 EPS. The company’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that EverCommerce Inc. will post 0.57 EPS for the current year.

Hedge Funds Weigh In On EverCommerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its holdings in shares of EverCommerce by 9.6% during the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock valued at $142,000 after buying an additional 1,190 shares in the last quarter. Oxford Asset Management LLP bought a new position in shares of EverCommerce in the 2nd quarter worth about $168,000. BNP Paribas Financial Markets increased its stake in shares of EverCommerce by 863.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock worth $171,000 after acquiring an additional 13,734 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in EverCommerce during the 4th quarter valued at about $177,000. Finally, Wells Fargo & Company MN lifted its position in EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock valued at $198,000 after acquiring an additional 7,085 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings cut shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Canaccord Genuity Group increased their price objective on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 target price on shares of EverCommerce in a research note on Friday, May 8th. Three 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’s stock. Based on data from MarketBeat.com, EverCommerce currently has an average rating of “Hold” and an average price target of $11.25.

Check Out Our Latest Stock Report on EverCommerce

EverCommerce Company Profile

(Get Free Report)

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.

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