Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CFO Sells 4,800 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 4,800 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total value of $103,392.00. Following the sale, the chief financial officer now owns 207,691 shares of the company’s stock, valued at $4,473,664.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, August 16th, Joseph Sanborn sold 747 shares of EverQuote stock. The stock was sold at an average price of $22.62, for a total value of $16,897.14.
• On Tuesday, July 2nd, Joseph Sanborn sold 644 shares of EverQuote stock. The shares were sold at an average price of $20.90, for a total value of $13,459.60.

EverQuote Stock Performance

EVER stock opened at $20.56 on Friday. The business has a 50-day simple moving average of $22.46 and a two-hundred day simple moving average of $20.43. The company has a market capitalization of $713.95 million, a P/E ratio of -14.58 and a beta of 0.96. EverQuote, Inc. has a 52-week low of $5.52 and a 52-week high of $28.09.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. B. Riley raised their target price on EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Craig Hallum boosted their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Needham & Company LLC upped their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote currently has an average rating of “Buy” and an average target price of $29.58.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EVER. Point72 Asset Management L.P. increased its position in shares of EverQuote by 389.4% during the second quarter. Point72 Asset Management L.P. now owns 13,703 shares of the company’s stock valued at $286,000 after acquiring an additional 10,903 shares during the last quarter. Quarry LP grew its stake in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of EverQuote during the 2nd quarter valued at $782,000. Driehaus Capital Management LLC raised its stake in shares of EverQuote by 9.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock worth $42,478,000 after purchasing an additional 169,333 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of EverQuote during the 2nd quarter worth $202,000. 91.54% of the stock is owned by institutional investors.

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.