Key Points
- EverCommerce President Matthew Feierstein sold 10,000 shares at an average price of $10, generating $100,000. The Rule 10b5-1 transaction reduced his holdings by 0.51% to 1,961,214 shares.
- EverCommerce reported quarterly EPS of $0.05, missing the $0.15 analyst consensus, while revenue of $152.02 million was roughly in line with expectations and increased 2.7% year over year.
- Analysts maintain a consensus “Hold” rating with an $11 price target; institutional investors own 97.91% of the company, and the stock recently opened at $9.07.
EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) President Matthew Feierstein sold 10,000 shares of EverCommerce stock in a transaction 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 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 transaction was disclosed in a filing 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 Thursday, August 6th, Matthew Feierstein sold 5,000 shares of EverCommerce stock. The shares were 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 stock was sold at an average price of $12.13, for a total transaction 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 transaction of $19,769.13.
- On Wednesday, July 8th, Matthew Feierstein sold 1,798 shares of EverCommerce stock. The shares were sold at an average price of $10.00, for a total transaction of $17,980.00.
EverCommerce Stock Performance
NASDAQ:EVCM opened at $9.07 on Tuesday. EverCommerce Inc. has a 12-month low of $6.21 and a 12-month high of $14.41. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.60 billion, a PE ratio of 50.39, a price-to-earnings-growth ratio of 0.87 and a beta of 0.75. The firm has a 50-day moving average price of $9.20 and a 200 day moving average price of $10.16.
EverCommerce (NASDAQ:EVCM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.10). The business had revenue of $152.02 million for the quarter, compared to the consensus estimate of $152.29 million. EverCommerce had a return on equity of 3.95% and a net margin of 5.69%.The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 EPS. Research analysts anticipate that EverCommerce Inc. will post 0.52 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC acquired a new position in shares of EverCommerce in the 2nd quarter worth approximately $2,716,000. BlackRock Inc. acquired a new stake in EverCommerce during the 2nd quarter valued at $10,724,000. Engineers Gate Manager LP increased its holdings in EverCommerce by 16.7% during the 2nd quarter. Engineers Gate Manager LP now owns 20,821 shares of the company's stock valued at $209,000 after purchasing an additional 2,982 shares in the last quarter. Bank of America Corp DE acquired a new stake in EverCommerce during the 2nd quarter valued at $125,000. Finally, Deutsche Bank AG bought a new position in EverCommerce in the 2nd quarter valued at $144,000. Institutional investors own 97.91% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on EVCM shares. Weiss Ratings raised EverCommerce from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, September 24th. Barclays increased their price objective on EverCommerce from $8.50 to $10.00 and gave the stock an "underweight" rating in a research note on Thursday, August 6th. Wall Street Zen cut EverCommerce from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 26th. Finally, Royal Bank Of Canada reduced their target price 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. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $11.00.
Read Our Latest Stock Analysis on EVCM
About EverCommerce
(
Get Free Report)
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.
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