EverQuote (NASDAQ:EVER) CFO Joseph Sanborn Sells 6,667 Shares

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 6,667 shares of the business’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $24.63, for a total value of $164,208.21. Following the completion of the transaction, the chief financial officer owned 311,908 shares of the company’s stock, valued at $7,682,294.04. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, July 6th, Joseph Sanborn sold 642 shares of EverQuote stock. The stock was sold at an average price of $24.50, for a total value of $15,729.00.
• On Monday, June 8th, Joseph Sanborn sold 6,666 shares of EverQuote stock. The stock was sold at an average price of $19.28, for a total value of $128,520.48.
• On Thursday, May 7th, Joseph Sanborn sold 20,000 shares of EverQuote stock. The shares were sold at an average price of $20.70, for a total value of $414,000.00.

EverQuote Stock Up 0.3%

Shares of NASDAQ:EVER traded up $0.07 during midday trading on Friday, reaching $24.83. The company’s stock had a trading volume of 317,718 shares, compared to its average volume of 677,437. The firm has a market cap of $894.62 million, a price-to-earnings ratio of 8.45 and a beta of 0.61. The business has a 50 day moving average price of $20.62 and a 200 day moving average price of $19.56. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, topping 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 firm had revenue of $190.85 million for the quarter, compared to the consensus estimate of $180.10 million. During the same period in the prior year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. Sell-side analysts anticipate that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverQuote

Large investors have recently made changes to their positions in the business. Comerica Bank raised its stake in shares of EverQuote by 235.4% in the 3rd 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 period. Signature Equity Partners LLC boosted its position in EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after purchasing an additional 842 shares during the period. NewEdge Advisors LLC purchased a new stake in EverQuote during the 3rd quarter worth $52,000. Clearstead Advisors LLC boosted its position in EverQuote by 70.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after purchasing an additional 826 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in EverQuote by 271.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after purchasing an additional 2,381 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EVER shares. Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings raised shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of EverQuote in a report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, EverQuote presently has a consensus rating of “Moderate Buy” and an average price target 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.