EverQuote (NASDAQ:EVER) CFO Sells $170,075.17 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 6,667 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.51, for a total value of $170,075.17. Following the transaction, the chief financial officer owned 305,241 shares of the company’s stock, valued at approximately $7,786,697.91. The trade was a 2.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, July 8th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The shares were sold at an average price of $24.63, for a total value of $164,208.21.
• On Monday, July 6th, Joseph Sanborn sold 642 shares of EverQuote stock. The stock was sold at an average price of $24.50, for a total value of $15,729.00.
• On Monday, June 8th, Joseph Sanborn sold 6,666 shares of EverQuote stock. The stock was sold at an average price of $19.28, for a total value of $128,520.48.

EverQuote Trading Down 0.3%

Shares of EVER opened at $24.52 on Friday. The firm has a fifty day moving average price of $23.66 and a 200-day moving average price of $19.46. The firm has a market capitalization of $883.46 million, a P/E ratio of 7.96 and a beta of 0.62. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The company 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 firm posted $0.39 EPS. The firm’s revenue was up 24.6% compared to the same quarter last year. Analysts predict that EverQuote, Inc. will post 1.72 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on EVER. Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Needham & Company LLC lifted their target price on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Zacks Research cut EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Wall Street Zen lowered EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Raymond James Financial restated an “outperform” rating and issued a $28.00 price objective on shares of EverQuote in a report on Thursday. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.33.

Institutional Trading of EverQuote

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank raised its position in shares of EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after acquiring an additional 772 shares in the last quarter. Signature Equity Partners LLC grew its stake in EverQuote by 65.5% in the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after purchasing an additional 842 shares during the last quarter. NewEdge Advisors LLC purchased a new position in EverQuote in the third quarter valued at about $52,000. Clearstead Advisors LLC raised its holdings in EverQuote by 70.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after purchasing an additional 826 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in EverQuote by 271.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $79,000 after purchasing an additional 2,381 shares in the last quarter. Institutional investors 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.