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

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) President Matthew David Feierstein sold 1,052 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $10.05, for a total value of $10,572.60. Following the transaction, the president owned 2,095,202 shares in the company, valued at approximately $21,056,780.10. This trade represents a 0.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 stock was 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 stock was 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.
  • On Tuesday, April 7th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $11.40, for a total value of $57,000.00.
  • On Monday, April 6th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.90, for a total value 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 value 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 value of $60,850.00.

EverCommerce Stock Performance

EVCM stock opened at $9.51 on Friday. The stock has a 50-day moving average price of $11.16 and a 200-day moving average price of $11.07. EverCommerce Inc. has a 1-year low of $7.66 and a 1-year high of $14.41. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.68 billion, a PE ratio of 55.94, a price-to-earnings-growth ratio of 2.00 and a beta of 0.92.

EverCommerce (NASDAQ:EVCMGet Free Report) last posted its quarterly earnings data 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 return on equity of 3.37% and a net margin of 5.47%.The business 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 business posted $0.01 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. As a group, equities research analysts expect that EverCommerce Inc. will post 0.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EVCM shares. Canaccord Genuity Group boosted their target price on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Royal Bank Of Canada decreased their target price on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. The Goldman Sachs Group cut their price target on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded EverCommerce from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.25.

View Our Latest Research Report on EverCommerce

Institutional Investors Weigh In On EverCommerce

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of EverCommerce by 202.9% in the first quarter. Bank of America Corp DE now owns 47,848 shares of the company’s stock worth $547,000 after purchasing an additional 32,053 shares during the period. Quantinno Capital Management LP increased its holdings in shares of EverCommerce by 117.7% in the first quarter. Quantinno Capital Management LP now owns 48,290 shares of the company’s stock worth $552,000 after purchasing an additional 26,109 shares during the period. XTX Topco Ltd increased its holdings in shares of EverCommerce by 110.4% in the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company’s stock worth $628,000 after purchasing an additional 27,224 shares during the period. Barclays PLC increased its holdings in shares of EverCommerce by 5.1% in the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock worth $277,000 after purchasing an additional 1,101 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of EverCommerce by 76.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after purchasing an additional 7,085 shares during the period. Institutional investors own 97.91% of the company’s stock.

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 and another 5,658 shares on June 3, adding to a recent pattern of insider selling that may make investors cautious. 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 accumulation. SEC filing
  • Neutral Sentiment: The sales were executed under pre-arranged 10b5-1 trading plans and were described as being for tax withholding related to equity vesting, which suggests they may be routine rather than a sign of changing fundamentals.
  • Neutral Sentiment: EverCommerce recently reported mixed quarterly results, with revenue of $147.47 million roughly matching expectations, but EPS of $0.04 missing the $0.14 consensus estimate.
  • Positive Sentiment: Analyst sentiment is mixed but not uniformly bearish, with a consensus rating of Hold and a consensus target price above the stock’s recent trading range.

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.

Further Reading

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

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