EverCommerce Inc. (NASDAQ:EVCM – Get Free Report) President Matthew David Feierstein sold 1,798 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $10.00, for a total transaction of $17,980.00. Following the completion of the sale, the president directly owned 2,033,650 shares in the company, valued at approximately $20,336,500. This trade represents a 0.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Matthew David Feierstein also recently made the following trade(s):
- On Monday, July 6th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total transaction of $100,300.00.
- On Wednesday, July 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $10.34, for a total transaction 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 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 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.
EverCommerce Price Performance
Shares of EVCM stock opened at $10.20 on Friday. The firm has a market cap of $1.80 billion, a P/E ratio of 60.00, a P/E/G ratio of 0.89 and a beta of 0.93. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. The business’s 50 day moving average price is $10.00 and its 200-day moving average price is $10.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.08 and a current ratio of 2.08.
Hedge Funds Weigh In On EverCommerce
Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in EverCommerce by 11.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company’s stock valued at $1,107,000 after purchasing an additional 11,996 shares during the last quarter. American Century Companies Inc. raised its holdings in EverCommerce by 19.8% in 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 last quarter. Prudential Financial Inc. raised its holdings in EverCommerce by 9.6% in 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 last quarter. Occudo Quantitative Strategies LP bought a new position in shares of EverCommerce in the second quarter worth approximately $302,000. Finally, Lazard Asset Management LLC lifted its stake in shares of EverCommerce by 5,995.2% in the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company’s stock worth $523,000 after buying an additional 49,041 shares in the last quarter. Hedge funds and other 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 8,742 shares on July 8 and 11,269 shares on July 7, continuing a recent pattern of insider selling. Although both trades were made under a pre-arranged 10b5-1 plan, repeated sales by top executives can pressure investor sentiment. Article Title
- Negative Sentiment: President Matthew David Feierstein sold 1,798 shares on July 8 and 10,000 shares on July 6, adding to the recent insider-selling trend. While the transactions were also conducted under a 10b5-1 plan, they may reinforce concerns that management sees limited near-term upside. Article Title
- Negative Sentiment: Goldman Sachs reportedly remained at a sell rating on EverCommerce, which could further dampen sentiment around the stock. Analyst pessimism combined with insider sales often creates an overhang for shares. Article Title
Analysts Set New Price Targets
Several research firms have recently commented on EVCM. Royal Bank Of Canada dropped their target price on shares of EverCommerce from $12.00 to $11.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. Citizens Jmp cut shares of EverCommerce from an “outperform” rating to a “market perform” rating in a research report on Friday, March 13th. Oppenheimer reissued an “outperform” rating on shares of EverCommerce in a research note on Friday, March 13th. Wall Street Zen lowered shares of EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Finally, The Goldman Sachs Group cut their price objective on EverCommerce from $9.00 to $8.00 and set a “sell” rating on the stock in a research report on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.25.
Check Out Our Latest Analysis on EVCM
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.
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