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

Key Points

• President sold 10,000 shares on May 4 at $11.87 under a pre‑arranged Rule 10b5‑1 plan; recent frequent sales have reduced his stake by 0.47% to 2,135,606 shares valued at about $25.35M.
• Shares fell 5.3% to $11.02 amid active trading, and the company recently missed EPS estimates, has a high P/E of 122.46, and an average analyst rating of "Hold" with a $10.71 target.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $11.87, for a total transaction of $118,700.00. Following the completion of the transaction, the president directly owned 2,135,606 shares in the company, valued at $25,349,643.22. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 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 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.
• 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 transaction of $114,300.00.
• On Wednesday, March 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $12.03, for a total transaction of $120,300.00.
• 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 transaction of $60,850.00.
• On Monday, March 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.34, for a total transaction of $113,400.00.
• On Wednesday, February 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $10.80, for a total transaction of $108,000.00.

EverCommerce Trading Down 5.3%

Shares of NASDAQ EVCM traded down $0.62 during midday trading on Tuesday, reaching $11.02. 136,934 shares of the stock were exchanged, compared to its average volume of 139,726. The company has a 50 day simple moving average of $11.43 and a 200 day simple moving average of $11.10. The stock has a market capitalization of $1.95 billion, a P/E ratio of 122.46, a PEG ratio of 2.67 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.11 and a current ratio of 2.11. 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 announced its quarterly earnings results on Thursday, March 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The firm had revenue of $151.15 million for the quarter, compared to analyst estimates of $150.06 million. EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The firm's quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) EPS. As a group, equities 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 stock. Federated Hermes Inc. increased its holdings in EverCommerce by 118.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,076 shares of the company's stock valued at $34,000 after purchasing an additional 1,667 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in EverCommerce in the 3rd quarter valued at approximately $91,000. R Squared Ltd purchased a new position in EverCommerce in the 3rd quarter valued at approximately $122,000. Prudential Financial Inc. boosted its position in EverCommerce by 9.6% in the 2nd quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock valued at $142,000 after buying an additional 1,190 shares during the period. Finally, Oxford Asset Management LLP purchased a new position in EverCommerce in the 2nd quarter valued at approximately $168,000. Institutional investors and hedge funds own 97.91% of the company's stock.

Analysts Set New Price Targets

EVCM has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of EverCommerce from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Raymond James Financial downgraded shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a report on Tuesday, January 6th. Weiss Ratings upgraded shares of EverCommerce from a "sell (d-)" rating to a "hold (c-)" rating in a report on Friday, March 13th. Oppenheimer restated an "outperform" rating on shares of EverCommerce in a report on Friday, March 13th. Finally, Citizens Jmp downgraded shares of EverCommerce from an "outperform" rating to a "market perform" rating in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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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