EverCommerce (NASDAQ:EVCM) President Matthew David Feierstein Sells 1,052 Shares of Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) President Matthew David Feierstein sold 1,052 shares of EverCommerce stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $10.05, for a total value of $10,572.60. Following the completion of the transaction, the president owned 2,095,202 shares of the company’s stock, valued at approximately $21,056,780.10. This represents a 0.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 value of $112,600.00.
  • On Wednesday, May 6th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The shares were 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 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 shares were 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 shares were sold at an average price of $12.17, for a total transaction of $60,850.00.

EverCommerce Price Performance

EverCommerce stock opened at $9.43 on Thursday. The company’s fifty day moving average price is $11.19 and its 200 day moving average price is $11.06. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The stock has a market capitalization of $1.67 billion, a P/E ratio of 55.47, a P/E/G ratio of 2.17 and a beta of 0.92. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08.

EverCommerce (NASDAQ:EVCMGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $147.18 million. During the same period in the prior year, the business posted $0.01 EPS. EverCommerce’s revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that EverCommerce Inc. will post 0.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL boosted its holdings in shares of EverCommerce by 200.7% during the 3rd 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. Inceptionr LLC boosted its holdings in shares of EverCommerce by 177.6% during the 3rd quarter. Inceptionr LLC now owns 42,051 shares of the company’s stock worth $468,000 after purchasing an additional 26,902 shares during the last quarter. R Squared Ltd acquired a new position in shares of EverCommerce during the 3rd quarter worth approximately $122,000. AlphaQuest LLC acquired a new position in shares of EverCommerce during the 3rd quarter worth approximately $309,000. Finally, Lazard Asset Management LLC raised its holdings in shares of EverCommerce by 5,995.2% during the 2nd quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after acquiring an additional 49,041 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.

EverCommerce News Summary

Here are the key news stories impacting EverCommerce this week:

  • Negative Sentiment: CEO Eric Richard Remer sold 13,542 shares on June 2, followed by an additional 5,658 shares on June 3, adding to a series of insider sales that may signal caution to investors. SEC filing
  • Negative Sentiment: President Matthew David Feierstein also sold shares on June 1 and June 3, reinforcing the impression of ongoing insider distribution rather than insider buying. SEC filing
  • Neutral Sentiment: The transactions were made under pre-arranged 10b5-1 plans and were reportedly to cover tax obligations, which suggests they may be routine rather than a direct negative signal about business fundamentals.
  • Neutral Sentiment: EverCommerce recently missed earnings expectations, reporting $0.04 EPS versus $0.14 expected, although revenue was roughly in line at $147.47 million and grew 3.7% year over year.
  • Positive Sentiment: Analyst coverage remains mixed but not uniformly bearish, with several firms maintaining buy or outperform views and a consensus target above the recent trading range.

Analyst Ratings Changes

EVCM has been the topic of a number of research analyst reports. Royal Bank Of Canada dropped their price target on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th. Oppenheimer restated an “outperform” rating on shares of EverCommerce in a report on Friday, March 13th. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Canaccord Genuity Group raised their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, The Goldman Sachs Group decreased their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $11.25.

Get Our Latest Report on EVCM

About EverCommerce

(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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Insider Buying and Selling by Quarter for EverCommerce (NASDAQ:EVCM)

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