EverQuote (NASDAQ:EVER) CFO Sells $128,520.48 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 6,666 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $19.28, for a total value of $128,520.48. Following the sale, the chief financial officer owned 327,820 shares in the company, valued at $6,320,369.60. The trade was a 1.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Joseph Sanborn also recently made the following trade(s):

• On Thursday, May 7th, Joseph Sanborn sold 20,000 shares of EverQuote stock. The stock was sold at an average price of $20.70, for a total value of $414,000.00.
• On Thursday, April 2nd, Joseph Sanborn sold 650 shares of EverQuote stock. The stock was sold at an average price of $14.42, for a total value of $9,373.00.

EverQuote Stock Performance

NASDAQ EVER traded up $0.46 during trading hours on Wednesday, reaching $19.85. The stock had a trading volume of 808,354 shares, compared to its average volume of 916,727. The stock has a fifty day moving average of $17.54 and a 200 day moving average of $20.20. The stock has a market cap of $715.20 million, a P/E ratio of 6.75 and a beta of 0.65. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The firm had revenue of $190.85 million for the quarter, compared to analyst estimates of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.EverQuote’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. On average, equities research analysts forecast that EverQuote, Inc. will post 2.06 EPS for the current year.

Institutional Investors Weigh In On EverQuote

Hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank grew its stake in EverQuote by 235.4% during the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after buying an additional 772 shares during the last quarter. Signature Equity Partners LLC grew its stake in shares of EverQuote by 65.5% in the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after purchasing an additional 842 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of EverQuote in the 3rd quarter valued at approximately $52,000. Clearstead Advisors LLC boosted its stake in shares of EverQuote by 70.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after buying an additional 826 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock valued at $62,000 after buying an additional 2,246 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EVER. Raymond James Financial reaffirmed an “outperform” rating and set a $18.00 target price on shares of EverQuote in a research note on Tuesday, February 17th. Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of EverQuote in a report on Tuesday, May 5th. Canaccord Genuity Group lowered their price target on EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. JPMorgan Chase & Co. increased their target price on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Craig Hallum reissued a “buy” rating and set a $20.00 target price on shares of EverQuote in a research note on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.17.

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.