EverQuote (NASDAQ:EVER) CAO Jon Ayotte Sells 675 Shares

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 675 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $25.16, for a total transaction of $16,983.00. Following the sale, the chief accounting officer directly owned 55,424 shares of the company’s stock, valued at $1,394,467.84. This represents a 1.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jon Ayotte also recently made the following trade(s):

• On Monday, December 1st, Jon Ayotte sold 3,639 shares of EverQuote stock. The shares were sold at an average price of $26.76, for a total transaction of $97,379.64.
• On Friday, November 21st, Jon Ayotte sold 491 shares of EverQuote stock. The stock was sold at an average price of $23.80, for a total transaction of $11,685.80.
• On Tuesday, November 18th, Jon Ayotte sold 376 shares of EverQuote stock. The stock was sold at an average price of $24.54, for a total transaction of $9,227.04.

EverQuote Price Performance

NASDAQ:EVER traded down $0.33 during mid-day trading on Tuesday, reaching $24.97. The stock had a trading volume of 473,245 shares, compared to its average volume of 462,075. EverQuote, Inc. has a 12 month low of $17.20 and a 12 month high of $30.03. The stock has a market capitalization of $897.82 million, a PE ratio of 17.46 and a beta of 0.46. The stock has a 50-day simple moving average of $25.72 and a two-hundred day simple moving average of $24.25.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The firm had revenue of $173.94 million for the quarter, compared to the consensus estimate of $166.09 million. During the same quarter last year, the business posted $0.31 EPS. The company’s revenue was up 20.3% compared to the same quarter last year. Equities analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EVER shares. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Needham & Company LLC increased their price objective on shares of EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of EverQuote from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Wall Street Zen downgraded shares of EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $34.00.

Hedge Funds Weigh In On EverQuote

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVER. Comerica Bank raised its stake in shares of EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after acquiring an additional 772 shares during the last quarter. Versant Capital Management Inc increased its holdings in EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after purchasing an additional 601 shares during the period. NewEdge Advisors LLC acquired a new stake in EverQuote in the third quarter valued at $52,000. Jones Financial Companies Lllp raised its position in EverQuote by 595.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after purchasing an additional 2,246 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in EverQuote by 25.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock worth $68,000 after buying an additional 573 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

About EverQuote

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.