Joseph Sanborn Sells 6,667 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 6,667 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $25.51, for a total transaction of $170,075.17. Following the sale, the chief financial officer owned 305,241 shares of the company’s stock, valued at $7,786,697.91. This represents a 2.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, July 8th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The shares were sold at an average price of $24.63, for a total value of $164,208.21.
• On Monday, July 6th, Joseph Sanborn sold 642 shares of EverQuote stock. The stock was sold at an average price of $24.50, for a total value of $15,729.00.
• On Monday, June 8th, Joseph Sanborn sold 6,666 shares of EverQuote stock. The shares were sold at an average price of $19.28, for a total value of $128,520.48.

EverQuote Stock Performance

Shares of EverQuote stock traded down $0.46 during trading hours on Tuesday, hitting $25.09. The company’s stock had a trading volume of 367,967 shares, compared to its average volume of 866,507. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The firm has a fifty day moving average of $23.30 and a 200-day moving average of $19.45. The stock has a market cap of $903.99 million, a price-to-earnings ratio of 8.15 and a beta of 0.62.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS. On average, sell-side analysts expect that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on EVER. B. Riley Financial reissued a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of EverQuote in a research note on Tuesday, August 4th. Weiss Ratings raised shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Zacks Research downgraded shares of EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday. JPMorgan Chase & Co. boosted their target price on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Needham & Company LLC upped their price target on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.67.

Hedge Funds Weigh In On EverQuote

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC increased its stake in EverQuote by 81.7% during the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock worth $24,333,000 after purchasing an additional 405,237 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of EverQuote by 110.7% in the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock valued at $15,720,000 after purchasing an additional 361,082 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of EverQuote by 95.1% in the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock valued at $15,853,000 after purchasing an additional 319,618 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in EverQuote by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after buying an additional 293,160 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in EverQuote by 615.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after buying an additional 292,172 shares during the period. 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.