EverQuote (NASDAQ:EVER) CFO Joseph Sanborn Sells 6,666 Shares

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 6,666 shares of EverQuote stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.28, for a total value of $128,520.48. Following the transaction, the chief financial officer directly owned 327,820 shares of the company’s stock, valued at approximately $6,320,369.60. This represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, May 7th, Joseph Sanborn sold 20,000 shares of EverQuote stock. The stock was sold at an average price of $20.70, for a total value of $414,000.00.
• On Thursday, April 2nd, Joseph Sanborn sold 650 shares of EverQuote stock. The stock was sold at an average price of $14.42, for a total value of $9,373.00.

EverQuote Stock Performance

EVER stock traded up $0.46 during midday trading on Wednesday, hitting $19.85. 808,354 shares of the stock were exchanged, compared to its average volume of 916,727. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73. The stock has a market cap of $715.20 million, a price-to-earnings ratio of 6.75 and a beta of 0.65. The stock’s 50-day moving average price is $17.54 and its 200-day moving average price is $20.20.

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

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently modified their holdings of the stock. Comerica Bank lifted its stake in shares of EverQuote by 235.4% in the third 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. Clearstead Advisors LLC lifted its stake 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 acquiring an additional 826 shares in the last quarter. Signature Equity Partners LLC lifted its stake in shares of EverQuote by 65.5% in the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after acquiring an additional 842 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of EverQuote in the third quarter worth about $52,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after acquiring an additional 2,246 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Wall Street Zen raised EverQuote from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Craig Hallum reaffirmed a “buy” rating and issued a $20.00 price objective on shares of EverQuote in a research report on Tuesday, February 24th. Zacks Research downgraded EverQuote from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Raymond James Financial reissued an “outperform” rating and set a $18.00 price target on shares of EverQuote in a research report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. boosted their price target on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $24.17.

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.