Insider Selling: EverCommerce (NASDAQ:EVCM) President Sells 1,052 Shares of Stock

Key Points

  • EverCommerce CEO Eric Richard Remer sold 13,542 shares on June 2 at an average price of $10.53, totaling about $142,597. The sale was made under a pre-arranged Rule 10b5-1 plan and was tied to tax withholding from vested equity awards.
  • Remer has also sold shares multiple times in recent weeks, indicating a broader pattern of insider selling. After the latest transaction, he still owned about 2.81 million shares valued at roughly $29.6 million.
  • EverCommerce shares were trading around $9.43, below both their 50-day and 200-day moving averages. The company recently missed earnings estimates, and analysts currently have a Hold consensus rating with an average price target of $11.25.

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew David Feierstein sold 1,052 shares of EverCommerce stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $10.05, for a total value of $10,572.60. Following the transaction, the president owned 2,095,202 shares in the company, valued at approximately $21,056,780.10. This represents a 0.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Matthew David Feierstein also recently made the following trade(s):

  • On Monday, June 1st, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.26, for a total value of $112,600.00.
  • On Wednesday, May 6th, Matthew David Feierstein sold 5,000 shares of EverCommerce stock. The stock was sold at an average price of $10.83, for a total value of $54,150.00.
  • On Monday, May 4th, Matthew David Feierstein sold 10,000 shares of EverCommerce stock. The stock was sold at an average price of $11.87, for a total value of $118,700.00.
  • 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 value 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 value of $114,300.00.
  • 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 value of $60,850.00.

EverCommerce Stock Down 7.8%




NASDAQ EVCM opened at $9.43 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 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.72. The business's fifty day simple moving average is $11.19 and its 200-day simple moving average is $11.06. The firm has a market cap of $1.67 billion, a PE ratio of 55.47, a P/E/G ratio of 2.17 and a beta of 0.92.

EverCommerce (NASDAQ:EVCM - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.10). The company had revenue of $147.47 million for the quarter, compared to analysts' expectations of $147.18 million. EverCommerce had a return on equity of 3.37% and a net margin of 5.47%.The firm's revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. As a group, equities analysts anticipate that EverCommerce Inc. will post 0.24 earnings per share for the current year.

EverCommerce News Summary

Here are the key news stories impacting EverCommerce this week:

  • Negative Sentiment: CEO Eric Richard Remer sold 13,542 shares on June 2, followed by an additional 5,658 shares on June 3, adding to a series of insider sales that may signal caution to investors. SEC filing
  • Negative Sentiment: President Matthew David Feierstein also sold shares on June 1 and June 3, reinforcing the impression of ongoing insider distribution rather than insider buying. SEC filing
  • Neutral Sentiment: The transactions were made under pre-arranged 10b5-1 plans and were reportedly to cover tax obligations, which suggests they may be routine rather than a direct negative signal about business fundamentals.
  • Neutral Sentiment: EverCommerce recently missed earnings expectations, reporting $0.04 EPS versus $0.14 expected, although revenue was roughly in line at $147.47 million and grew 3.7% year over year.
  • Positive Sentiment: Analyst coverage remains mixed but not uniformly bearish, with several firms maintaining buy or outperform views and a consensus target above the recent trading range.

Analysts Set New Price Targets

A number of brokerages have issued reports on EVCM. Citizens Jmp lowered shares of EverCommerce from an "outperform" rating to a "market perform" rating in a research note on Friday, March 13th. Wall Street Zen upgraded shares of EverCommerce from a "hold" rating to a "buy" rating in a research note on Saturday, March 21st. Weiss Ratings lowered shares of EverCommerce from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, May 26th. Oppenheimer restated an "outperform" rating on shares of EverCommerce in a research note on Friday, March 13th. Finally, Royal Bank Of Canada cut 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 note on Friday, March 13th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $11.25.

Read Our Latest Analysis on EVCM

Institutional Trading of EverCommerce

A number of large investors have recently made changes to their positions in EVCM. JPMorgan Chase & Co. boosted its holdings in EverCommerce by 11.9% in the second quarter. JPMorgan Chase & Co. now owns 112,574 shares of the company's stock valued at $1,107,000 after purchasing an additional 11,996 shares in the last quarter. American Century Companies Inc. boosted its holdings in EverCommerce by 19.8% in the second quarter. American Century Companies Inc. now owns 27,649 shares of the company's stock valued at $290,000 after purchasing an additional 4,576 shares in the last quarter. Prudential Financial Inc. boosted its holdings in EverCommerce by 9.6% in the second quarter. Prudential Financial Inc. now owns 13,546 shares of the company's stock valued at $142,000 after purchasing an additional 1,190 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in EverCommerce in the second quarter valued at approximately $302,000. Finally, Lazard Asset Management LLC boosted its holdings in 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 hedge funds and other institutional investors.

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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