EverCommerce (NASDAQ:EVCM) President Sells $54,150.00 in Stock

Key Points

• EverCommerce President Matthew D. Feierstein sold 5,000 shares on May 6 at $10.83 for $54,150 under a pre-arranged Rule 10b5-1 plan, leaving him with 2,120,606 shares (a 0.24% ownership decline); he has sold a total of 75,000 shares in multiple block trades this spring.
• EverCommerce missed quarterly EPS expectations (reported $0.04 vs. $0.14 estimate) while revenue came in roughly in line at $147.47M; the stock traded up 6.9% to $11.79 and the consensus analyst rating is a Hold with an average target of $10.71.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 5,000 shares of EverCommerce stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.83, for a total value of $54,150.00. Following the transaction, the president owned 2,120,606 shares of the company's stock, valued at $22,966,162.98. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 shares were 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 shares were sold at an average price of $11.43, for a total value of $114,300.00.
• On Wednesday, March 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $12.03, for a total value of $120,300.00.
• 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 value of $60,850.00.
• On Monday, March 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $11.34, for a total value of $113,400.00.

EverCommerce Trading Up 6.9%

EVCM traded up $0.76 during trading on Thursday, hitting $11.79. The company's stock had a trading volume of 84,743 shares, compared to its average volume of 138,859. The firm's 50 day moving average price is $11.47 and its 200-day moving average price is $11.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.11 and a quick ratio of 2.11. The stock has a market cap of $2.09 billion, a PE ratio of 131.01, a PEG ratio of 2.43 and a beta of 0.94. EverCommerce Inc. has a twelve month low of $7.66 and a twelve month high of $14.41.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued 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). The business had revenue of $147.47 million during the quarter, compared to analyst estimates of $147.18 million. EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. On average, analysts expect that EverCommerce Inc. will post 0.23 earnings per share for the current year.

Institutional Trading of EverCommerce

Institutional investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its position 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 purchasing an additional 1,667 shares during the period. State of Alaska Department of Revenue purchased a new stake in EverCommerce during the 3rd quarter worth $91,000. R Squared Ltd purchased a new stake in EverCommerce during the 3rd quarter worth $122,000. Prudential Financial Inc. boosted its position in EverCommerce by 9.6% during 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. Finally, O Shaughnessy Asset Management LLC purchased a new stake in EverCommerce during the 4th quarter worth $177,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EVCM shares. Weiss Ratings upgraded EverCommerce from a "sell (d-)" rating to a "hold (c-)" rating in a report on Friday, March 13th. Canaccord Genuity Group cut their price target on EverCommerce from $14.00 to $12.00 and set a "buy" rating for the company in a report on Friday, March 13th. Wall Street Zen raised shares of EverCommerce from a "hold" rating to a "buy" rating in a research note on Saturday, March 21st. Royal Bank Of Canada lowered their price objective on shares of EverCommerce from $12.00 to $11.00 and set a "sector perform" rating for the company in a research note on Friday, March 13th. Finally, The Goldman Sachs Group lowered their price objective on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a research note on Friday, March 13th. Two equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $10.71.

About EverCommerce

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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