EverCommerce (NASDAQ:EVCM) President Sells $112,600.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 10,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $11.26, for a total transaction of $112,600.00. Following the sale, the president owned 2,106,254 shares in the company, valued at $23,716,420.04. This represents a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 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 transaction 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 transaction of $118,700.00.
• On Friday, May 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.94, for a total transaction of $119,400.00.
• On Tuesday, April 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were 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 shares were 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 transaction of $114,300.00.
• On Thursday, March 5th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $12.17, for a total transaction of $60,850.00.

EverCommerce Price Performance

Shares of NASDAQ EVCM opened at $9.20 on Friday. 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 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $1.63 billion, a PE ratio of 54.12, a P/E/G ratio of 2.02 and a beta of 0.92. The firm has a fifty day simple moving average of $11.11 and a 200 day simple moving average of $11.05.

EverCommerce (NASDAQ:EVCM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.10). EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. The company had revenue of $147.47 million during the quarter, compared to the consensus estimate of $147.18 million. During the same period last year, the firm posted $0.01 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, sell-side analysts forecast that EverCommerce Inc. will post 0.24 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on EVCM. Weiss Ratings cut shares of EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Citizens Jmp cut shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research note on Friday, March 13th. Royal Bank Of Canada lowered their price target on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a report on Friday, May 8th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of EverCommerce in a research report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, EverCommerce has an average rating of “Hold” and a consensus price target of $11.25.

Institutional Trading of EverCommerce

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its holdings in shares of EverCommerce by 5.1% during the 4th quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after acquiring an additional 1,101 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after purchasing an additional 1,190 shares during the period. Federated Hermes Inc. raised its stake in EverCommerce by 118.3% during the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company’s stock worth $34,000 after acquiring an additional 1,667 shares during the period. American Century Companies Inc. raised its stake in EverCommerce by 19.8% during the 2nd quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after acquiring an additional 4,576 shares during the period. Finally, Wells Fargo & Company MN raised its stake in EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $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.

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.