EverQuote (NASDAQ:EVER) Director Mira Wilczek Sells 9,500 Shares

EverQuote, Inc. (NASDAQ:EVER) Director Mira Wilczek sold 9,500 shares of EverQuote stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $25.07, for a total value of $238,165.00. Following the completion of the sale, the director owned 110,353 shares in the company, valued at approximately $2,766,549.71. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

EverQuote Trading Down 0.7%

NASDAQ:EVER opened at $25.31 on Friday. The stock has a 50 day moving average of $25.18 and a two-hundred day moving average of $20.10. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73. The firm has a market cap of $911.92 million, a P/E ratio of 8.22 and a beta of 0.67.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EVER shares. Weiss Ratings raised shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Needham & Company LLC boosted their price target on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Zacks Research cut shares of EverQuote from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. began coverage on shares of EverQuote in a research note on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.17.

Institutional Trading of EverQuote

A number of hedge funds and other institutional investors have recently modified their holdings of EVER. Royal Bank of Canada boosted its position in shares of EverQuote by 1,705.9% during the 1st quarter. Royal Bank of Canada now owns 65,428 shares of the company’s stock valued at $1,713,000 after acquiring an additional 61,805 shares during the last quarter. Amundi purchased a new position in EverQuote during the first quarter worth about $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in EverQuote by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after purchasing an additional 624 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in EverQuote by 615.1% during 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 purchasing an additional 292,172 shares during the period. Finally, Creative Planning boosted its holdings in EverQuote by 32.4% in the 2nd quarter. Creative Planning now owns 10,526 shares of the company’s stock valued at $255,000 after purchasing an additional 2,576 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.