Matthew David Feierstein Sells 10,000 Shares of EverCommerce (NASDAQ:EVCM) Stock

EverCommerce Inc. (NASDAQ:EVCMGet Free Report) President Matthew David Feierstein sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $10.34, for a total value of $103,400.00. Following the completion of the sale, the president directly owned 2,065,448 shares of the company’s stock, valued at approximately $21,356,732.32. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 stock was sold at an average price of $10.05, for a total value 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 value 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 stock was 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 stock was 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 stock was sold at an average price of $11.90, for a total transaction of $119,000.00.

EverCommerce Stock Performance

EverCommerce stock opened at $9.98 on Friday. EverCommerce Inc. has a 1 year low of $7.66 and a 1 year high of $14.41. The firm’s 50-day moving average is $10.13 and its 200-day moving average is $11.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market cap of $1.77 billion, a P/E ratio of 58.71, a PEG ratio of 2.12 and a beta of 0.93.

EverCommerce (NASDAQ:EVCMGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.10). The business had revenue of $147.47 million for the quarter, compared to the consensus estimate of $147.18 million. EverCommerce had a net margin of 5.47% and a return on equity of 3.37%. EverCommerce’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of EverCommerce by 5.1% in the fourth quarter. Barclays PLC now owns 22,854 shares of the company’s stock valued at $277,000 after purchasing an additional 1,101 shares during the period. Prudential Financial Inc. boosted its position in shares of EverCommerce by 9.6% during the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company’s stock worth $142,000 after buying an additional 1,190 shares during the period. American Century Companies Inc. boosted its position in shares of EverCommerce by 19.8% during the second quarter. American Century Companies Inc. now owns 27,649 shares of the company’s stock worth $290,000 after buying an additional 4,576 shares during the period. Wells Fargo & Company MN grew its holdings in EverCommerce by 76.8% in the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company’s stock worth $198,000 after buying an additional 7,085 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in EverCommerce by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock worth $1,107,000 after buying an additional 11,996 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Key Stories Impacting EverCommerce

Here are the key news stories impacting EverCommerce this week:

  • Negative Sentiment: CEO Eric Richard Remer sold 17,295 shares on July 1 and 14,800 shares on June 30, while President Matthew David Feierstein sold 10,000 shares on July 1 and 5,179 shares on June 30, adding to a run of insider selling that may pressure the stock. Article Title
  • Neutral Sentiment: The sales were disclosed in SEC filings and executed under Rule 10b5-1 trading plans, which suggests they were scheduled in advance and may not signal a sudden change in management’s outlook. Article Title
  • Neutral Sentiment: EverCommerce recently reported revenue that slightly topped estimates, but earnings missed expectations, leaving investors focused on whether the company can improve profitability. Article Title

Analyst Ratings Changes

Several equities analysts have recently commented on EVCM shares. Citizens Jmp lowered EverCommerce from an “outperform” rating to a “market perform” rating in a report on Friday, March 13th. Royal Bank Of Canada cut their price target on EverCommerce from $12.00 to $11.00 and set a “sector perform” rating on the stock in a report on Friday, March 13th. The Goldman Sachs Group reduced their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, March 13th. Weiss Ratings downgraded EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 target price on shares of EverCommerce in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $11.25.

Get Our Latest Report on EverCommerce

EverCommerce Company Profile

(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.

Featured Stories

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

Receive News & Ratings for EverCommerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EverCommerce and related companies with MarketBeat.com's FREE daily email newsletter.