EverQuote (NASDAQ:EVER) CAO Sells $17,780.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 889 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $20.00, for a total transaction of $17,780.00. Following the completion of the sale, the chief accounting officer owned 80,729 shares of the company’s stock, valued at $1,614,580. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, May 26th, Jon Ayotte sold 888 shares of EverQuote stock. The stock was sold at an average price of $18.69, for a total transaction of $16,596.72.
• On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The stock was sold at an average price of $18.24, for a total transaction of $5,198.40.
• On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $7,260.00.
• On Monday, April 6th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $15.35, for a total transaction of $5,587.40.

EverQuote Stock Down 4.9%

EVER traded down $0.98 on Tuesday, reaching $18.97. 863,311 shares of the company traded hands, compared to its average volume of 1,156,636. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The firm has a fifty day simple moving average of $17.13 and a two-hundred day simple moving average of $20.45. The company has a market cap of $683.63 million, a P/E ratio of 6.54 and a beta of 0.65.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. 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 business posted $0.21 EPS. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities analysts forecast that EverQuote, Inc. will post 2.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Raymond James Financial reissued an “outperform” rating and set a $18.00 target price on shares of EverQuote in a research report on Tuesday, February 17th. B. Riley Financial reduced their price objective on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Craig Hallum reissued a “buy” rating and set a $20.00 target price on shares of EverQuote in a research report on Tuesday, February 24th. Canaccord Genuity Group cut their price objective on EverQuote from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of EverQuote in a report on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.17.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Comerica Bank boosted its position in EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after purchasing an additional 772 shares in the last quarter. Signature Equity Partners LLC increased its holdings in shares of EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after purchasing an additional 842 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of EverQuote in the 3rd quarter valued at $52,000. Clearstead Advisors LLC lifted its stake in shares of EverQuote by 70.5% in the 4th 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 period. Finally, Jones Financial Companies Lllp boosted its holdings in EverQuote by 595.8% during the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after buying an additional 2,246 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.