EverCommerce (NASDAQ:EVCM) President Sells $51,000.00 in Stock

EverCommerce Inc. (NASDAQ:EVCM) President Matthew David Feierstein sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $10.20, for a total value of $51,000.00. Following the transaction, the president owned 1,996,679 shares of the company’s stock, valued at approximately $20,366,125.80. The trade was a 0.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Wednesday, August 5th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.83, for a total value of $118,300.00.
• On Monday, August 3rd, Matthew David 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 David Feierstein sold 1,971 shares of EverCommerce stock. The shares were sold at an average price of $10.03, for a total value of $19,769.13.
• On Wednesday, July 8th, Matthew David 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.
• On Monday, July 6th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $10.03, for a total value 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 value of $103,400.00.
• On Tuesday, June 30th, Matthew David Feierstein sold 5,179 shares of EverCommerce stock. The shares were 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 shares were 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 transaction of $112,600.00.

EverCommerce Price Performance

EVCM traded up $0.31 during trading hours on Friday, hitting $10.92. The company’s stock had a trading volume of 127,569 shares, compared to its average volume of 145,961. The business’s 50-day moving average price is $10.36 and its 200-day moving average price is $10.91. EverCommerce Inc. has a 12 month low of $7.66 and a 12 month high of $14.41. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 60.67, a P/E/G ratio of 1.06 and a beta of 0.91. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.72.

EverCommerce (NASDAQ:EVCM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.10). EverCommerce had a net margin of 5.69% and a return on equity of 3.94%. The business had revenue of $152.02 million for the quarter, compared to the consensus estimate of $152.29 million. During the same quarter last year, the business earned $0.04 EPS. EverCommerce’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts expect that EverCommerce Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on EVCM shares. Weiss Ratings lowered EverCommerce from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Canaccord Genuity Group upped their price objective on EverCommerce from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 price objective on shares of EverCommerce in a research note on Friday, May 8th. Wall Street Zen cut EverCommerce from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. 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 report on Thursday. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.86.

Hedge Funds Weigh In On EverCommerce

A number of large investors have recently made changes to their positions in the company. Prudential Financial Inc. raised its position in EverCommerce by 9.6% in 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. Deutsche Bank AG bought a new stake in EverCommerce in the second quarter worth about $144,000. Oxford Asset Management LLP purchased a new position in shares of EverCommerce during the second quarter valued at approximately $168,000. BNP Paribas Financial Markets boosted its position in shares of EverCommerce by 863.2% during the third quarter. BNP Paribas Financial Markets now owns 15,325 shares of the company’s stock valued at $171,000 after buying an additional 13,734 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of EverCommerce during the fourth quarter valued at approximately $177,000. 97.91% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting EverCommerce

Here are the key news stories impacting EverCommerce this week:

• Positive Sentiment: Second-quarter revenue rose 2.7% year over year to $152.0 million, essentially matching the $152.29 million analyst consensus. The company also appointed Alex Goor as CEO, while founder Eric Remer remains on the board, potentially bringing fresh growth initiatives while preserving leadership continuity. EverCommerce Second-Quarter Results EverCommerce CEO Appointment
• Neutral Sentiment: CEO Eric Remer and President Matthew Feierstein sold shares through pre-arranged Rule 10b5-1 plans. The transactions were relatively small compared with their remaining holdings, reducing their significance, although the repeated selling may still attract investor attention.
• Negative Sentiment: EverCommerce reported quarterly earnings of approximately $0.05 per share, well below the $0.15 consensus estimate. Revenue was close to expectations, so the miss primarily highlights pressure on profitability and operating performance. EverCommerce Q2 Earnings Call Transcript
• Negative Sentiment: Third-quarter revenue guidance of $151.5 million to $154.5 million trails the $156.8 million analyst estimate, signaling slower near-term growth. Full-year guidance of $612 million to $632 million remains near consensus but offers limited upside at the midpoint.
• Negative Sentiment: Royal Bank of Canada cut its EverCommerce price target from $11.00 to $10.00 and maintained a “sector perform” rating. The new target is below the recent trading level, reinforcing concerns about valuation and growth prospects. RBC Cuts EverCommerce Price Target

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.