EverQuote (NASDAQ:EVER) CFO Joseph Sanborn Sells 20,000 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $20.70, for a total value of $414,000.00. Following the completion of the sale, the chief financial officer directly owned 337,660 shares of the company’s stock, valued at $6,989,562. The trade was a 5.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 Down 0.5%

Shares of EVER stock opened at $20.50 on Friday. The stock has a fifty day moving average of $16.22 and a 200 day moving average of $20.83. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73. The firm has a market capitalization of $738.62 million, a price-to-earnings ratio of 6.97 and a beta of 0.56.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.51 EPS 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 analyst estimates of $180.10 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. Equities research analysts anticipate that EverQuote, Inc. will post 1.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EVER shares. Weiss Ratings lowered EverQuote from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. Wall Street Zen lowered EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of EverQuote in a research note on Tuesday. Zacks Research lowered EverQuote from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Finally, Canaccord Genuity Group dropped their price target on EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.17.

Key EverQuote News

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote’s latest earnings beat expectations, with Q1 EPS of $0.51 versus $0.43 expected and revenue of $190.85 million versus $180.10 million estimated. The company also posted 14.6% year-over-year revenue growth, reinforcing the view that its insurance marketplace is still growing profitably. Article Title
• Positive Sentiment: Analysts have been adjusting higher after the report, including Needham reaffirming a Buy rating and JPMorgan raising its price target to $24. These updates suggest Wall Street sees the earnings strength as sustainable. Article Title
• Positive Sentiment: Management is also presenting at upcoming investor conferences, which may help keep attention on the stock and give the company another chance to highlight its growth and AI-driven efficiency gains. Article Title
• Neutral Sentiment: Insider sales by CTO David Brainard and CAO Jon Ayotte may have modestly weighed on sentiment, but the transactions were relatively small compared with their remaining holdings and do not appear to signal a major change in the company’s outlook. Article Title

Institutional Investors Weigh In On EverQuote

Hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank grew its holdings in EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after purchasing an additional 772 shares during the period. Versant Capital Management Inc grew its holdings in EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after purchasing an additional 601 shares during the period. NewEdge Advisors LLC purchased a new stake in EverQuote in the third quarter worth about $52,000. Clearstead Advisors LLC grew its holdings in 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 purchasing an additional 826 shares during the period. Finally, Jones Financial Companies Lllp grew its holdings in 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 purchasing an additional 2,246 shares during the period. 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.