Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CFO Sells 745 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 745 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $18.34, for a total value of $13,663.30. Following the transaction, the chief financial officer now directly owns 199,382 shares in the company, valued at approximately $3,656,665.88. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, October 2nd, Joseph Sanborn sold 1,071 shares of EverQuote stock. The shares were sold at an average price of $20.22, for a total transaction of $21,655.62.

EverQuote Trading Up 0.3 %

EVER traded up $0.06 during trading on Wednesday, reaching $18.85. 340,795 shares of the company were exchanged, compared to its average volume of 474,060. The stock has a market cap of $666.37 million, a P/E ratio of 55.26 and a beta of 1.06. The firm has a 50 day moving average of $19.80 and a 200 day moving average of $21.74. EverQuote, Inc. has a 52 week low of $8.18 and a 52 week high of $28.09.

EverQuote (NASDAQ:EVER) last announced its quarterly 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. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. During the same quarter in the previous year, the firm earned ($0.40) earnings per share. The business’s quarterly revenue was up 162.7% compared to the same quarter last year. As a group, analysts forecast that EverQuote, Inc. will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of EverQuote

A number of hedge funds and other institutional investors have recently made changes to their positions in EVER. nVerses Capital LLC lifted its stake in EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after purchasing an additional 700 shares during the last quarter. Quarry LP boosted its holdings in shares of EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 985 shares during the last quarter. CWM LLC increased its holdings in EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after acquiring an additional 1,063 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of EverQuote in the third quarter worth $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in EverQuote by 19.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after acquiring an additional 1,363 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EVER shares. Craig Hallum increased their price target on shares of 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 lifted their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. 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, B. Riley lowered their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating, According to MarketBeat, EverQuote currently has a consensus rating of “Buy” and an average price target of $28.50.

About EverQuote

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.