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Matthew David Feierstein, President of EverCommerce Inc. (NASDAQ:EVCM), a $1.8 billion market cap company, recently sold a significant portion of his holdings. While the company posted negative earnings in the last twelve months, InvestingPro analysis indicates expected profitability for 2025. According to an SEC filing, Feierstein sold 25,000 shares of common stock over two separate transactions on May 2 and May 5, 2025. The sales amounted to a total of $250,539, with prices ranging from $10.00 to $10.08 per share.
Following these transactions, Feierstein retains direct ownership of 2,341,006 shares. Additionally, he holds 150,000 shares indirectly through a family trust. These sales were conducted under a pre-established Rule 10b5-1 trading plan, dated September 6, 2024.
In other recent news, EverCommerce Inc. reported its fourth-quarter 2024 earnings, revealing revenue of $175 million, which exceeded forecasts but was accompanied by a wider-than-expected loss per share of $0.07. The company is planning to divest its Marketing Technology (MarTech) segment in 2025, which contributed $136.7 million in revenue in 2024. Piper Sandler adjusted its price target for EverCommerce to $9.00 from $11.00, maintaining a Neutral stance, while RBC Capital Markets reduced its price target to $11.00 from $14.00 but continued to recommend the stock as Outperform. Citizens JMP maintained a Market Outperform rating with a steady price target of $15.00, expressing confidence in the company’s strategic simplification efforts. Analysts noted that the divestiture of MarTech could lead to improved margins and a focus on core segments like EverPro and EverHealth. EverCommerce’s strategic focus remains on enhancing its SaaS products and embedded finance solutions, with an emphasis on customer retention and growth in subscription and transaction revenue. The company’s full-year 2024 pro forma revenue showed a 5.7% growth, and it projects similar EBITDA levels for 2025.
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