EverCommerce (NASDAQ:EVCM) President Sells $19,769.13 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 1,971 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $10.03, for a total value of $19,769.13. Following the transaction, the president directly owned 2,031,679 shares of the company’s stock, valued at approximately $20,377,740.37. This represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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 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 transaction of $17,980.00.
• On Monday, July 6th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total transaction of $100,300.00.
• On Wednesday, July 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $10.34, for a total transaction of $103,400.00.
• 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 transaction 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 transaction 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.
• On Wednesday, May 6th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $10.83, for a total value of $54,150.00.
• On Monday, May 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.87, for a total value of $118,700.00.
• 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.

EverCommerce Price Performance

Shares of NASDAQ EVCM opened at $11.57 on Thursday. The stock has a market cap of $2.05 billion, a P/E ratio of 68.06, a P/E/G ratio of 0.98 and a beta of 0.93. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41. The stock has a 50 day moving average of $9.96 and a two-hundred day moving average of $10.95. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last announced its earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). The business had revenue of $147.47 million during the quarter, compared to analyst estimates of $147.18 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The business’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 earnings per share. On average, research analysts forecast that EverCommerce Inc. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 price target on shares of EverCommerce in a research report on Friday, May 8th. Wall Street Zen downgraded EverCommerce from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Weiss Ratings cut EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Canaccord Genuity Group increased their price target on 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, six have given a Hold rating and two have issued 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 target price of $11.25.

Institutional Trading of EverCommerce

Institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC purchased a new stake in shares of EverCommerce during the 2nd quarter worth approximately $2,716,000. Tudor Investment Corp ET AL raised its holdings in EverCommerce by 200.7% during the third 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 last quarter. Goldman Sachs Group Inc. boosted its position in EverCommerce by 94.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company’s stock worth $1,266,000 after purchasing an additional 50,854 shares in the last quarter. Lazard Asset Management LLC grew its holdings in EverCommerce by 5,995.2% in the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock valued at $523,000 after purchasing an additional 49,041 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in shares of EverCommerce in the third quarter valued at $418,000. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

EverCommerce Company Profile

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.