Jon Ayotte Sells 889 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 889 shares of EverQuote stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $20.00, for a total transaction of $17,780.00. Following the completion of the transaction, the chief accounting officer owned 80,729 shares in the company, valued at approximately $1,614,580. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Tuesday, May 26th, Jon Ayotte sold 888 shares of EverQuote stock. The stock was sold at an average price of $18.69, for a total transaction of $16,596.72.
• On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The stock was sold at an average price of $18.24, for a total transaction of $5,198.40.
• On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $7,260.00.
• On Monday, April 6th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $15.35, for a total transaction of $5,587.40.

EverQuote Stock Performance

EverQuote stock opened at $17.96 on Thursday. The company has a 50 day moving average price of $17.25 and a 200 day moving average price of $20.35. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73. The firm has a market capitalization of $647.10 million, a price-to-earnings ratio of 6.11 and a beta of 0.65.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm had revenue of $190.85 million during the quarter, compared to analyst estimates of $180.10 million. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue was up 14.6% on a year-over-year basis. Equities analysts forecast that EverQuote, Inc. will post 2.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EVER has been the subject of a number of recent analyst reports. Canaccord Genuity Group decreased their price objective on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Weiss Ratings raised shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Zacks Research lowered shares of EverQuote from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, B. Riley Financial decreased their price objective on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.17.

Institutional Investors Weigh In On EverQuote

A number of institutional investors have recently modified their holdings of EVER. Royal Bank of Canada boosted its stake 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 buying an additional 61,805 shares during the period. Amundi acquired a new stake in shares of EverQuote during the 1st quarter valued at $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of EverQuote by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after buying an additional 624 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of EverQuote by 615.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock valued at $8,896,000 after buying an additional 292,172 shares during the period. Finally, Creative Planning boosted its stake in shares of EverQuote by 32.4% during the 2nd quarter. Creative Planning now owns 10,526 shares of the company’s stock valued at $255,000 after buying an additional 2,576 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.