EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte Sells 981 Shares

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 981 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $21.70, for a total transaction of $21,287.70. Following the completion of the transaction, the chief accounting officer now owns 56,451 shares in the company, valued at approximately $1,224,986.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, August 16th, Jon Ayotte sold 564 shares of EverQuote stock. The stock was sold at an average price of $22.62, for a total value of $12,757.68.
• On Friday, July 19th, Jon Ayotte sold 3,199 shares of EverQuote stock. The shares were sold at an average price of $25.00, for a total transaction of $79,975.00.
• On Tuesday, June 11th, Jon Ayotte sold 5,688 shares of EverQuote stock. The stock was sold at an average price of $21.16, for a total transaction of $120,358.08.

EverQuote Trading Down 2.7 %

NASDAQ EVER traded down $0.56 on Thursday, reaching $20.56. 773,281 shares of the stock were exchanged, compared to its average volume of 466,552. EverQuote, Inc. has a one year low of $5.52 and a one year high of $28.09. The firm has a market capitalization of $713.95 million, a PE ratio of -14.58 and a beta of 0.96. The company’s 50-day simple moving average is $22.46 and its two-hundred day simple moving average is $20.43.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. The firm had revenue of $117.14 million during the quarter, compared to analysts’ expectations of $102.81 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The company’s revenue for the quarter was up 72.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.31) earnings per share. Sell-side analysts forecast that EverQuote, Inc. will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on EVER. Craig Hallum upped their target price on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Needham & Company LLC upped their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. B. Riley lifted 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. JPMorgan Chase & Co. boosted their price target on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, Canaccord Genuity Group raised their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $29.58.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund boosted its stake in EverQuote by 25.6% during the fourth quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock worth $649,000 after buying an additional 10,813 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in shares of EverQuote in the first quarter worth approximately $672,000. BNP Paribas Financial Markets raised its holdings in shares of EverQuote by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after buying an additional 30,699 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after acquiring an additional 293,404 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new position in EverQuote during the 1st quarter valued at $211,000. Institutional investors own 91.54% of the company’s stock.

About EverQuote

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.