John Shields Sells 3,126 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director John Shields sold 3,126 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $26.39, for a total value of $82,495.14. Following the completion of the transaction, the director owned 31,198 shares in the company, valued at approximately $823,315.22. This represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

EverQuote Trading Up 3.4%

NASDAQ EVER opened at $25.66 on Friday. The company has a market cap of $924.53 million, a P/E ratio of 8.33 and a beta of 0.62. The company has a fifty day simple moving average of $24.85 and a 200 day simple moving average of $19.80. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $195.09 million for the quarter, compared to the consensus estimate of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 earnings per share. Sell-side analysts predict that EverQuote, Inc. will post 1.72 EPS for the current year.

Institutional Trading of EverQuote

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank lifted its stake in EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after purchasing an additional 772 shares in the last quarter. Signature Equity Partners LLC grew its position in shares of EverQuote by 65.5% during the 1st 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 in the last quarter. NewEdge Advisors LLC bought a new position in shares of EverQuote in the third quarter worth $52,000. Clearstead Advisors LLC increased its holdings in shares of 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 during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of 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 buying an additional 2,381 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

EVER has been the subject of several recent research reports. JPMorgan Chase & Co. assumed coverage on EverQuote in a report on Monday, August 24th. They set an “overweight” rating and a $29.00 price target for the company. Weiss Ratings upgraded EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. B. Riley Financial reaffirmed a “buy” rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Raymond James Financial reiterated an “outperform” rating and issued a $28.00 target price on shares of EverQuote in a research note on Thursday, August 13th. Finally, Zacks Research downgraded shares of EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, EverQuote presently has an average rating of “Moderate Buy” and an average price target of $28.17.

EverQuote Company Profile

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.