EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn Sells 1,192 Shares

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 1,192 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $20.04, for a total value of $23,887.68. Following the completion of the transaction, the chief financial officer now owns 193,129 shares of the company’s stock, valued at $3,870,305.16. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, November 18th, Joseph Sanborn sold 745 shares of EverQuote stock. The shares were sold at an average price of $18.34, for a total value of $13,663.30.

EverQuote Stock Performance

EverQuote stock opened at $19.18 on Wednesday. The firm has a market cap of $678.03 million, a price-to-earnings ratio of 56.41 and a beta of 0.96. EverQuote, Inc. has a 52-week low of $10.21 and a 52-week high of $28.09. The firm has a 50 day moving average price of $18.77 and a two-hundred day moving average price of $20.80.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. EverQuote’s quarterly revenue was up 162.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.40) earnings per share. As a group, equities research analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its stake in EverQuote by 255.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after purchasing an additional 172,785 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of EverQuote by 636.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after buying an additional 90,500 shares in the last quarter. Geode Capital Management LLC grew its position in shares of EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after buying an additional 56,114 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of EverQuote in the 2nd quarter valued at $782,000. Finally, Barclays PLC lifted its position in shares of EverQuote by 331.2% during the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after acquiring an additional 39,160 shares during the period. 91.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. B. Riley cut their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.17.

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.