Insider Selling: EverQuote (NASDAQ:EVER) CFO Sells $128,520.48 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 6,666 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $19.28, for a total transaction of $128,520.48. Following the transaction, the chief financial officer owned 327,820 shares of the company’s stock, valued at approximately $6,320,369.60. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, May 7th, Joseph Sanborn sold 20,000 shares of EverQuote stock. The stock was sold at an average price of $20.70, for a total transaction of $414,000.00.
• 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 transaction of $9,373.00.

EverQuote Price Performance

EverQuote stock opened at $19.98 on Friday. The firm has a 50-day moving average of $17.82 and a 200-day moving average of $20.14. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The company has a market cap of $719.88 million, a price-to-earnings ratio of 6.80 and a beta of 0.65.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data 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 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 the consensus estimate of $180.10 million. During the same period in the prior year, the business posted $0.21 EPS. The company’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, sell-side analysts expect that EverQuote, Inc. will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On EverQuote

Several hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in EverQuote by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after purchasing an additional 624 shares during the last quarter. Cetera Investment Advisers lifted its stake in EverQuote by 4.3% in the 2nd quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock valued at $392,000 after purchasing an additional 675 shares during the last quarter. Comerica Bank lifted its stake in EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after purchasing an additional 772 shares during the last quarter. Legal & General Group Plc lifted its stake in EverQuote by 3.3% in the 3rd quarter. Legal & General Group Plc now owns 24,301 shares of the company’s stock valued at $556,000 after purchasing an additional 776 shares during the last quarter. Finally, Zacks Investment Management lifted its stake in EverQuote by 1.2% in the 4th quarter. Zacks Investment Management now owns 66,281 shares of the company’s stock valued at $1,790,000 after purchasing an additional 782 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EVER shares. 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. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of EverQuote in a research note on Tuesday, May 5th. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Finally, Canaccord Genuity Group cut their target price on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.17.

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.