Jayme Mendal Sells 20,981 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 20,981 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $24.27, for a total value of $509,208.87. Following the transaction, the chief executive officer owned 591,160 shares of the company’s stock, valued at $14,347,453.20. This trade represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

EverQuote Stock Performance

NASDAQ:EVER opened at $23.14 on Friday. The stock has a market cap of $833.73 million, a price-to-earnings ratio of 7.51 and a beta of 0.67. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73. The business has a fifty day moving average of $25.03 and a 200-day moving average of $20.74.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $195.09 million for the quarter, compared to analysts’ expectations of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The company’s revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.39 earnings per share. On average, equities research analysts predict that EverQuote, Inc. will post 1.72 EPS for the current year.

Hedge Funds Weigh In On EverQuote

Hedge funds have recently made changes to their positions in the business. Clearstead Advisors LLC lifted its stake in EverQuote by 70.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after purchasing an additional 826 shares during the last quarter. Signature Equity Partners LLC grew its position in 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 buying an additional 842 shares during the last quarter. Allworth Financial LP increased its holdings in shares of EverQuote by 63.7% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after buying an additional 997 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of EverQuote by 11.9% in the first quarter. Sigma Planning Corp now owns 10,560 shares of the company’s stock valued at $163,000 after buying an additional 1,125 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of EverQuote by 4.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 28,299 shares of the company’s stock valued at $673,000 after acquiring an additional 1,187 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EVER. Needham & Company LLC increased their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings raised EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. JPMorgan Chase & Co. began coverage on EverQuote in a research report on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price for the company. B. Riley Financial reaffirmed a “buy” rating and set a $34.00 price target (up from $30.00) on shares of EverQuote in a research note on Tuesday, August 4th. Finally, Zacks Research cut EverQuote from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.17.

EverQuote Company Profile

EverQuote, Inc (NASDAQ: EVER) operates an online insurance marketplace that connects consumers with insurance providers and agents. The company uses data, technology and digital marketing to help shoppers compare insurance options and connect with providers that may be able to meet their coverage needs.

EverQuote’s marketplace has primarily focused on auto insurance and has also supported shopping for home, renters, life, health and commercial insurance products. Its platform provides insurance companies and agencies with consumer leads and customer-acquisition solutions designed to help them reach prospective policyholders.

Founded in 2011 and headquartered in Cambridge, Massachusetts, EverQuote serves consumers and insurance providers in the United States.