Jon Ayotte Sells 4,611 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 4,611 shares of EverQuote stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $24.15, for a total transaction of $111,355.65. Following the transaction, the chief accounting officer directly owned 74,580 shares in the company, valued at approximately $1,801,107. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, June 1st, Jon Ayotte sold 889 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total value of $17,780.00.
• On Tuesday, May 26th, Jon Ayotte sold 888 shares of EverQuote stock. The shares were sold at an average price of $18.69, for a total value of $16,596.72.
• On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The shares were sold at an average price of $18.24, for a total value of $5,198.40.
• On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The shares were sold at an average price of $20.00, for a total value of $7,260.00.
• On Monday, April 6th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $15.35, for a total value of $5,587.40.

EverQuote Price Performance

Shares of NASDAQ EVER opened at $24.86 on Friday. The stock has a market capitalization of $895.71 million, a P/E ratio of 8.46 and a beta of 0.61. EverQuote, Inc. has a 1-year low of $13.88 and a 1-year high of $28.73. The business has a fifty day moving average price of $19.67 and a 200 day moving average price of $19.62.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.08. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The company had revenue of $190.85 million for the quarter, compared to analyst estimates of $180.10 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, equities research analysts anticipate that EverQuote, Inc. will post 1.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on EVER shares. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of EverQuote in a report on Tuesday, May 5th. Wall Street Zen downgraded EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. upped their target price on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, EverQuote currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVER. Pacer Advisors Inc. grew its holdings in shares of EverQuote by 81.9% in the first quarter. Pacer Advisors Inc. now owns 214,947 shares of the company’s stock valued at $3,314,000 after purchasing an additional 96,796 shares during the period. Segall Bryant & Hamill LLC increased its position in EverQuote by 76.5% during the first quarter. Segall Bryant & Hamill LLC now owns 69,803 shares of the company’s stock worth $1,076,000 after purchasing an additional 30,250 shares during the last quarter. Amundi boosted its holdings in EverQuote by 198.5% in the 1st quarter. Amundi now owns 119,848 shares of the company’s stock valued at $1,848,000 after purchasing an additional 79,700 shares during the last quarter. Royal Bank of Canada grew its stake in shares of EverQuote by 15.2% in the 1st quarter. Royal Bank of Canada now owns 60,404 shares of the company’s stock valued at $931,000 after buying an additional 7,959 shares during the period. Finally, Quantinno Capital Management LP grew its stake in shares of EverQuote by 254.6% in the 1st quarter. Quantinno Capital Management LP now owns 115,013 shares of the company’s stock valued at $1,774,000 after buying an additional 82,579 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.