EverQuote (NASDAQ:EVER) Director Sells $51,460.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director John Shields sold 2,000 shares of EverQuote stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $25.73, for a total value of $51,460.00. Following the completion of the transaction, the director owned 25,219 shares of the company’s stock, valued at approximately $648,884.87. This represents a 7.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

EverQuote Price Performance

EVER stock traded down $1.22 during mid-day trading on Wednesday, reaching $25.12. 598,526 shares of the company’s stock were exchanged, compared to its average volume of 433,125. EverQuote, Inc. has a 12-month low of $17.35 and a 12-month high of $30.03. The stock’s 50 day moving average is $26.23 and its 200 day moving average is $24.32. The company has a market cap of $903.32 million, a price-to-earnings ratio of 17.57 and a beta of 0.46.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.13. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The business had revenue of $173.94 million during the quarter, compared to the consensus estimate of $166.09 million. During the same period in the prior year, the company posted $0.31 EPS. The business’s quarterly revenue was up 20.3% on a year-over-year basis. On average, research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a research report on Wednesday, October 8th. Needham & Company LLC lifted their price objective on EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Wall Street Zen downgraded EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, JPMorgan Chase & Co. boosted their price target on EverQuote from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, EverQuote has a consensus rating of “Buy” and a consensus price target of $34.00.

Institutional Trading of EverQuote

Several hedge funds have recently made changes to their positions in EVER. Vanguard Group Inc. lifted its holdings in EverQuote by 6.0% in the third quarter. Vanguard Group Inc. now owns 2,201,338 shares of the company’s stock valued at $50,345,000 after acquiring an additional 123,728 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of EverQuote by 1.2% in the 2nd quarter. Acadian Asset Management LLC now owns 866,481 shares of the company’s stock valued at $20,939,000 after purchasing an additional 10,233 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of EverQuote by 27.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company’s stock valued at $19,347,000 after purchasing an additional 171,787 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of EverQuote by 3.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 727,956 shares of the company’s stock worth $16,648,000 after purchasing an additional 26,980 shares during the period. Finally, Emerald Advisers LLC increased its position in shares of EverQuote by 11.2% during the 3rd quarter. Emerald Advisers LLC now owns 689,253 shares of the company’s stock worth $15,763,000 after purchasing an additional 69,668 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.