Jon Ayotte Sells 888 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 888 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $18.69, for a total value of $16,596.72. Following the completion of the sale, the chief accounting officer owned 81,618 shares in the company, valued at approximately $1,525,440.42. The trade was a 1.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jon Ayotte also recently made the following trade(s):

• On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The shares were sold at an average price of $18.24, for a total value of $5,198.40.
• On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The shares were sold at an average price of $20.00, for a total value of $7,260.00.
• On Monday, April 6th, Jon Ayotte sold 364 shares of EverQuote stock. The shares were sold at an average price of $15.35, for a total value of $5,587.40.

EverQuote Stock Down 1.8%

Shares of NASDAQ:EVER traded down $0.35 during midday trading on Thursday, reaching $18.89. 589,429 shares of the company traded hands, compared to its average volume of 928,291. The firm has a market capitalization of $680.61 million, a price-to-earnings ratio of 6.43 and a beta of 0.56. The firm’s fifty day moving average price is $16.93 and its two-hundred day moving average price is $20.59. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73.

EverQuote (NASDAQ:EVER) last announced its 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. The business had revenue of $190.85 million for the quarter, compared to analyst estimates of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The company’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. Analysts forecast that EverQuote, Inc. will post 2.06 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Canaccord Genuity Group decreased their target price on EverQuote from $33.00 to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Raymond James Financial restated an “outperform” rating and issued a $18.00 target price on shares of EverQuote in a research note on Tuesday, February 17th. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price objective on shares of EverQuote in a report on Tuesday, May 5th. Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Finally, JPMorgan Chase & Co. upped their price objective on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.17.

Institutional Investors Weigh In On EverQuote

Several institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC boosted its holdings in EverQuote by 76.5% during the 1st quarter. Segall Bryant & Hamill LLC now owns 69,803 shares of the company’s stock valued at $1,076,000 after acquiring an additional 30,250 shares during the period. Amundi boosted its holdings in EverQuote by 198.5% during the 1st quarter. Amundi now owns 119,848 shares of the company’s stock valued at $1,848,000 after acquiring an additional 79,700 shares during the period. Royal Bank of Canada boosted its holdings in EverQuote by 15.2% during the 1st quarter. Royal Bank of Canada now owns 60,404 shares of the company’s stock valued at $931,000 after acquiring an additional 7,959 shares during the period. Quantinno Capital Management LP boosted its holdings in EverQuote by 254.6% during the 1st quarter. Quantinno Capital Management LP now owns 115,013 shares of the company’s stock valued at $1,774,000 after acquiring an additional 82,579 shares during the period. Finally, Jacobs Asset Management LLC boosted its holdings in EverQuote by 199.9% during the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after acquiring an additional 268,819 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

EverQuote Company Profile

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.