EverQuote (NASDAQ:EVER) CAO Jon Ayotte Sells 889 Shares

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 889 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $20.00, for a total transaction of $17,780.00. Following the sale, the chief accounting officer directly owned 80,729 shares of the company’s stock, valued at $1,614,580. The trade was a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction 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 transaction of $5,198.40.
• On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction 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 transaction of $5,587.40.

EverQuote Trading Down 4.8%

NASDAQ EVER opened at $19.00 on Wednesday. The company has a fifty day simple moving average of $17.13 and a two-hundred day simple moving average of $20.45. The stock has a market cap of $684.57 million, a P/E ratio of 6.46 and a beta of 0.65. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. The business had revenue of $190.85 million during the quarter, compared to analysts’ expectations of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. As a group, sell-side analysts forecast that EverQuote, Inc. will post 2.06 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on EVER shares. B. Riley Financial decreased their price target on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Raymond James Financial reaffirmed an “outperform” rating and issued a $18.00 price target on shares of EverQuote in a report on Tuesday, February 17th. JPMorgan Chase & Co. raised their price target on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Canaccord Genuity Group decreased their price target on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Finally, Zacks Research cut shares of EverQuote from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.17.

Institutional Trading of EverQuote

A number of hedge funds and other institutional investors have recently made changes to their positions in EVER. Lazard Asset Management LLC increased its stake in shares of EverQuote by 81.7% in the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock worth $24,333,000 after acquiring an additional 405,237 shares during the period. Balyasny Asset Management L.P. increased its stake in shares of EverQuote by 110.7% in the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock worth $15,720,000 after acquiring an additional 361,082 shares during the period. AQR Capital Management LLC increased its stake in shares of EverQuote by 95.1% in the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after acquiring an additional 319,618 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of EverQuote by 47.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after acquiring an additional 293,160 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of EverQuote by 615.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after acquiring an additional 292,172 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Company Profile

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.