EverCommerce (NASDAQ:EVCM) President Matthew David Feierstein Sells 5,000 Shares of 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 completion of the sale, the president directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 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 transaction 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 transaction 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 transaction 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 stock was 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 shares were 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 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.

EverCommerce Stock Up 2.9%

NASDAQ:EVCM opened at $10.92 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.08. The firm’s 50-day moving average price is $10.35 and its 200-day moving average price is $10.91. The company has a market capitalization of $1.93 billion, a PE ratio of 60.67, a P/E/G ratio of 0.95 and a beta of 0.91. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41.

EverCommerce (NASDAQ:EVCM) last issued its quarterly 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). EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The business had revenue of $152.02 million for the quarter, compared to analysts’ expectations of $152.29 million. During the same period last year, the business earned $0.04 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that EverCommerce Inc. will post 0.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EVCM shares. Weiss Ratings downgraded EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Barclays lifted their price objective on EverCommerce from $8.50 to $10.00 and gave the company an “underweight” rating in a research note on Thursday. Royal Bank Of Canada dropped 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. Canaccord Genuity Group increased their target price on EverCommerce from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 price target on shares of EverCommerce in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.00.

Trending Headlines about EverCommerce

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

Hedge Funds Weigh In On EverCommerce

A number of hedge funds have recently added to or reduced their stakes in EVCM. BlackRock Inc. bought a new position in EverCommerce in the 2nd quarter valued at approximately $10,724,000. Deutsche Bank AG bought a new stake in shares of EverCommerce in the 2nd quarter worth $144,000. Bank of New York Mellon Corp purchased a new position in shares of EverCommerce in the second quarter worth $324,000. CoreCap Advisors LLC purchased a new position in shares of EverCommerce in the second quarter worth $2,716,000. Finally, Bank of America Corp DE lifted its holdings in shares of EverCommerce by 202.9% during the first 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 in the last quarter. 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.