Key Points
- EverCommerce President Matthew D. Feierstein sold 5,000 shares on April 7 under a pre-arranged Rule 10b5-1 plan and has sold roughly 70,000 shares since February for about $813,000, leaving him with ~2,155,606 shares (≈$24.6M) and a 0.23% ownership reduction from this latest sale.
- Shares trade around $11.46 (52-week range $7.66–$14.41) after EverCommerce reported Q4 EPS of $0.03 (missed by $0.01) with revenue of $151.2M, up 5.2% year-over-year, while analysts expect the company to post about -0.17 EPS for the current year.
- The street consensus is a "Hold" rating with a $10.71 price target (2 Buys, 6 Holds, 2 Sells), and institutional investors own roughly 97.9% of the stock amid recent stake increases by firms like Arrowstreet, Tudor and Goldman Sachs.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 5,000 shares of the business's stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $11.40, for a total transaction of $57,000.00. Following the transaction, the president owned 2,155,606 shares in the company, valued at approximately $24,573,908.40. This trade represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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.
- On Monday, February 2nd, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $12.06, for a total transaction of $120,600.00.
EverCommerce Trading Up 0.9%
Shares of EverCommerce stock opened at $11.46 on Thursday. EverCommerce Inc. has a 52-week low of $7.66 and a 52-week high of $14.41. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.72. The company's 50-day simple moving average is $11.07 and its 200-day simple moving average is $11.04. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 127.35, a price-to-earnings-growth ratio of 2.58 and a beta of 1.01.
EverCommerce (NASDAQ:EVCM - Get Free Report) last issued 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). EverCommerce had a return on equity of 2.49% and a net margin of 2.99%.The firm had revenue of $151.15 million for the quarter, compared to analyst estimates of $150.06 million. During the same quarter last year, the firm earned ($0.07) earnings per share. The company's revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that EverCommerce Inc. will post -0.17 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in EVCM. Arrowstreet Capital Limited Partnership grew its position in EverCommerce by 328.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 714,519 shares of the company's stock worth $7,502,000 after buying an additional 547,712 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of EverCommerce by 200.7% in the third quarter. Tudor Investment Corp ET AL now owns 125,553 shares of the company's stock valued at $1,397,000 after purchasing an additional 83,794 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of EverCommerce in the second quarter valued at about $595,000. Goldman Sachs Group Inc. lifted its holdings in shares of EverCommerce by 94.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 104,563 shares of the company's stock valued at $1,266,000 after purchasing an additional 50,854 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of EverCommerce by 5,995.2% in the second quarter. Lazard Asset Management LLC now owns 49,859 shares of the company's stock valued at $523,000 after purchasing an additional 49,041 shares in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. Citizens Jmp lowered shares of EverCommerce from an "outperform" rating to a "market perform" rating in a research report on Friday, March 13th. Raymond James Financial lowered shares of EverCommerce from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, January 6th. Royal Bank Of Canada lowered their target price on shares of EverCommerce from $12.00 to $11.00 and set a "sector perform" rating on the stock in a research report on Friday, March 13th. The Goldman Sachs Group lowered their target price on shares of EverCommerce from $9.00 to $8.00 and set a "sell" rating on the stock in a research report on Friday, March 13th. Finally, Oppenheimer restated an "outperform" rating on shares of EverCommerce in a research report on Friday, March 13th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.71.
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About EverCommerce
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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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