Key Points
- EverCommerce President Matthew Feierstein sold 10,000 shares on May 4 at $11.87 for $118,700 under a pre-arranged Rule 10b5-1 plan, part of a recent string of insider sales; he still holds 2,135,606 shares (a 0.47% reduction, valued at about $25.35M).
- Company fundamentals: EverCommerce has a market capitalization of $1.95B and a high P/E of 122.46, reported Q1 EPS of $0.03 (missing consensus) with revenue up 5.2% year-over-year, and the stock carries 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 EverCommerce stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $11.87, for a total value of $118,700.00. Following the completion of the transaction, the president owned 2,135,606 shares in the company, valued at $25,349,643.22. This trade represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 Friday, May 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The shares were 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 value 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 value 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 shares were 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 shares were sold at an average price of $12.17, for a total value 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 Price Performance
Shares of EVCM opened at $11.02 on Wednesday. The business's 50-day moving average is $11.45 and its two-hundred day moving average is $11.10. The company has a market capitalization of $1.95 billion, a P/E ratio of 122.46, a P/E/G ratio of 2.57 and a beta of 0.94. EverCommerce Inc. has a fifty-two week low of $7.66 and a fifty-two week high of $14.41. 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 (NASDAQ:EVCM - Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). EverCommerce had a net margin of 2.99% and a return on equity of 2.49%. The firm had revenue of $151.15 million for the quarter, compared to analysts' expectations of $150.06 million. During the same period last year, the firm earned ($0.07) earnings per share. EverCommerce's revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts predict that EverCommerce Inc. will post 0.23 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd increased its position in shares of EverCommerce by 110.4% during the fourth quarter. XTX Topco Ltd now owns 51,877 shares of the company's stock worth $628,000 after acquiring an additional 27,224 shares during the period. Barclays PLC boosted its holdings in EverCommerce by 5.1% in the fourth quarter. Barclays PLC now owns 22,854 shares of the company's stock valued at $277,000 after purchasing an additional 1,101 shares during the period. Wells Fargo & Company MN grew its stake in EverCommerce by 76.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,311 shares of the company's stock worth $198,000 after purchasing an additional 7,085 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in EverCommerce during the 4th quarter worth $177,000. Finally, Los Angeles Capital Management LLC increased its holdings in EverCommerce by 111.6% during the 4th quarter. Los Angeles Capital Management LLC now owns 66,317 shares of the company's stock worth $749,000 after purchasing an additional 34,979 shares during the period. Hedge funds and other institutional investors own 97.91% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on EVCM shares. Wall Street Zen raised EverCommerce from a "hold" rating to a "buy" rating in a report on Saturday, March 21st. Citizens Jmp cut EverCommerce from an "outperform" rating to a "market perform" rating in a research report on Friday, March 13th. Raymond James Financial downgraded EverCommerce from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, January 6th. Oppenheimer restated an "outperform" rating on shares of EverCommerce in a report on Friday, March 13th. Finally, Weiss Ratings raised shares of EverCommerce from a "sell (d-)" rating to a "hold (c-)" rating in a report on Friday, March 13th. Two 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. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $10.71.
Read Our Latest Stock Analysis on EVCM
EverCommerce Company Profile
(
Get Free Report)
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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