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

EverCommerce Inc. (NASDAQ:EVCM) President Matthew Feierstein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the sale, the president owned 1,961,214 shares in the company, valued at $19,612,140. This represents a 0.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Thursday, August 6th, Matthew Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $10.20, for a total transaction of $51,000.00.
• On Wednesday, August 5th, Matthew Feierstein sold 10,000 shares of EverCommerce stock. The shares were 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 shares were 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 stock was sold at an average price of $10.00, for a total value of $17,980.00.

EverCommerce Stock Performance

Shares of EVCM traded up $0.13 during trading hours on Monday, hitting $9.07. The stock had a trading volume of 98,967 shares, compared to its average volume of 180,630. The firm has a market capitalization of $1.60 billion, a PE ratio of 50.39, a PEG ratio of 0.87 and a beta of 0.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.14 and a quick ratio of 2.14. EverCommerce Inc. has a 12 month low of $6.21 and a 12 month high of $14.41. The stock has a fifty day moving average price of $9.20 and a 200 day moving average price of $10.16.

EverCommerce (NASDAQ:EVCM) last posted its earnings results on Wednesday, August 5th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.10). The firm had revenue of $152.02 million during 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. Analysts anticipate that EverCommerce Inc. will post 0.52 EPS for the current year.

Hedge Funds Weigh In On EverCommerce

Several large investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP boosted its holdings 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 period. Bank of America Corp DE bought a new position in shares of EverCommerce during the 2nd quarter valued at approximately $125,000. BlackRock Inc. purchased a new position in EverCommerce in the second quarter worth about $10,724,000. Deutsche Bank AG bought a new position in EverCommerce during the second quarter valued at $144,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of EverCommerce in the second quarter worth approximately $324,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

About EverCommerce

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.