George Neble Sells 2,456 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director George Neble sold 2,456 shares of EverQuote stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $24.64, for a total value of $60,515.84. Following the completion of the transaction, the director owned 58,140 shares in the company, valued at approximately $1,432,569.60. This represents a 4.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

EverQuote Trading Up 1.3%

NASDAQ EVER opened at $25.24 on Friday. The firm has a market cap of $909.40 million, a PE ratio of 8.19 and a beta of 0.62. EverQuote, Inc. has a 1-year low of $13.88 and a 1-year high of $28.73. The stock has a 50-day moving average of $24.26 and a 200-day moving average of $19.55.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.EverQuote’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. As a group, equities research analysts forecast that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Institutional Trading of EverQuote

Large investors have recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC increased its position in EverQuote by 4.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 28,299 shares of the company’s stock valued at $673,000 after purchasing an additional 1,187 shares during the period. Globeflex Capital L P purchased a new stake in shares of EverQuote in the 2nd quarter worth about $1,189,000. Great Lakes Advisors LLC bought a new stake in shares of EverQuote during the 2nd quarter valued at about $2,511,000. Bank of New York Mellon Corp purchased a new position in shares of EverQuote during the second quarter valued at about $2,344,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in EverQuote by 3.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,732 shares of the company’s stock worth $898,000 after buying an additional 1,278 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EVER shares. Needham & Company LLC upped their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a report on Wednesday, August 12th. Zacks Research cut shares of EverQuote from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, B. Riley Financial reiterated a “buy” rating and set a $34.00 target price (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.33.

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.