EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn Sells 644 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 644 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $20.90, for a total transaction of $13,459.60. Following the sale, the chief financial officer now owns 216,411 shares in the company, valued at $4,522,989.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, April 4th, Joseph Sanborn sold 8,051 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $161,020.00.

EverQuote Stock Down 0.6 %

Shares of EVER opened at $21.47 on Thursday. EverQuote, Inc. has a 52-week low of $5.36 and a 52-week high of $25.69. The stock has a 50 day moving average price of $21.94 and a 200 day moving average price of $17.60. The company has a market capitalization of $745.44 million, a price-to-earnings ratio of -15.23 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The firm had revenue of $91.07 million for the quarter, compared to analyst estimates of $80.36 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. EverQuote’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period last year, the business earned ($0.08) EPS. On average, equities analysts anticipate that EverQuote, Inc. will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Earnest Partners LLC boosted its holdings in shares of EverQuote by 44.2% in the third quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after acquiring an additional 592,262 shares during the period. Envestnet Asset Management Inc. raised its position in EverQuote by 193.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock valued at $5,183,000 after purchasing an additional 472,821 shares during the last quarter. New York State Common Retirement Fund boosted its stake in EverQuote by 25.6% during the 4th quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock worth $649,000 after purchasing an additional 10,813 shares during the period. Asset Management One Co. Ltd. purchased a new position in EverQuote during the 4th quarter worth $66,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in EverQuote in the first quarter valued at $672,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analysts Set New Price Targets

EVER has been the subject of a number of recent research reports. Needham & Company LLC lifted their target price on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Canaccord Genuity Group lifted their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Craig Hallum boosted their price objective on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, B. Riley raised their target price on shares of EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a report on Tuesday, May 7th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $26.25.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.