EverCommerce (NASDAQ:EVCM) President Sells 10,000 Shares of Stock

Key Points

• EverCommerce President Matthew Feierstein sold 10,000 shares at $10.00 each, generating $100,000. The Rule 10b5-1 transaction reduced his direct holdings by 0.51%, leaving him with 1.96 million shares.
• EverCommerce shares rose 1.5% to $9.07 during mid-day trading, but remain below their 200-day moving average of $10.16 and well below the 52-week high of $14.41.
• The company’s latest quarterly earnings missed expectations, with EPS of $0.05 versus the $0.15 consensus estimate, while revenue rose 2.7% year over year. Analysts maintain a consensus “Hold” rating with an $11.00 price target.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew Feierstein sold 10,000 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the sale, the president directly owned 1,961,214 shares of the company's stock, valued at $19,612,140. The trade was a 0.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Matthew David Feierstein also recently made the following trade(s):

• On Thursday, August 6th, Matthew Feierstein sold 5,000 shares of EverCommerce stock. The shares were sold at an average price of $10.20, for a total value of $51,000.00.
• On Wednesday, August 5th, Matthew Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.83, for a total transaction of $118,300.00.
• On Monday, August 3rd, Matthew Feierstein sold 10,000 shares of EverCommerce stock. The shares were sold at an average price of $12.13, for a total value of $121,300.00.
• On Thursday, July 9th, Matthew Feierstein sold 1,971 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total value of $19,769.13.
• On Wednesday, July 8th, Matthew Feierstein sold 1,798 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total value of $17,980.00.

EverCommerce Stock Up 1.5%

Shares of NASDAQ EVCM traded up $0.13 during mid-day trading on Monday, hitting $9.07. 98,967 shares of the stock traded hands, compared to its average volume of 180,630. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 0.87 and a beta of 0.75. The stock has a fifty day moving average price of $9.20 and a 200-day moving average price of $10.16. EverCommerce Inc. has a 52 week low of $6.21 and a 52 week high of $14.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14.

EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.10). The business had revenue of $152.02 million for the quarter, compared to the consensus estimate of $152.29 million. EverCommerce had a net margin of 5.69% and a return on equity of 3.95%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS. Research analysts anticipate that EverCommerce Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EVCM shares. Weiss Ratings upgraded EverCommerce from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, September 24th. Wall Street Zen cut EverCommerce from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 26th. Barclays boosted their target price on EverCommerce from $8.50 to $10.00 and gave the stock an "underweight" rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada cut their target price on EverCommerce from $11.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, EverCommerce presently has a consensus rating of "Hold" and a consensus price target of $11.00.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bank of America Corp DE bought a new position in shares of EverCommerce during the second quarter valued at $125,000. Deutsche Bank AG purchased a new position in EverCommerce in the 2nd quarter worth about $144,000. Engineers Gate Manager LP raised its position in EverCommerce by 16.7% in the 2nd quarter. Engineers Gate Manager LP now owns 20,821 shares of the company's stock worth $209,000 after buying an additional 2,982 shares during the last quarter. Bank of New York Mellon Corp bought a new position in EverCommerce during the 2nd quarter valued at about $324,000. Finally, Quantinno Capital Management LP lifted its stake in EverCommerce by 117.7% during the 1st quarter. Quantinno Capital Management LP now owns 48,290 shares of the company's stock valued at $552,000 after acquiring an additional 26,109 shares during the period. Hedge funds and other institutional investors own 97.91% of the company's stock.

EverCommerce Company Profile

EverCommerce, Inc is a Denver-based provider of integrated software and payment solutions for service-oriented small and medium-sized businesses. The company develops and operates vertical-market software designed to help businesses manage customer relationships, scheduling, communications, billing, payments, marketing and other administrative functions.

Its solutions serve a range of industries, including health services, home and field services, fitness and wellness, and other professional services.

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