EverQuote (NASDAQ:EVER) Director Sells 9,500 Shares

EverQuote, Inc. (NASDAQ:EVER) Director Mira Wilczek sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $25.07, for a total transaction of $238,165.00. Following the sale, the director directly owned 110,353 shares in the company, valued at $2,766,549.71. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

EverQuote Stock Down 0.7%

Shares of NASDAQ:EVER traded down $0.19 during trading on Thursday, reaching $25.31. The stock had a trading volume of 464,272 shares, compared to its average volume of 829,935. The stock has a market cap of $911.92 million, a P/E ratio of 8.22 and a beta of 0.67. The business has a fifty day moving average price of $25.11 and a 200-day moving average price of $20.03. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73.

EverQuote (NASDAQ:EVER) last announced its earnings results 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 for the quarter, compared to analyst estimates of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. EverQuote’s revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. As a group, equities analysts forecast that EverQuote, Inc. will post 1.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on EVER. JPMorgan Chase & Co. started coverage on EverQuote in a research note on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price for the company. Weiss Ratings upgraded EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Raymond James Financial reaffirmed an “outperform” rating and set a $28.00 price objective on shares of EverQuote in a research note on Thursday, August 13th. Wall Street Zen lowered shares of EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Zacks Research cut shares of EverQuote from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.17.

Institutional Trading of EverQuote

Institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System grew its position in EverQuote by 2,495.5% during the second quarter. California State Teachers Retirement System now owns 727,593 shares of the company’s stock valued at $17,309,000 after acquiring an additional 699,560 shares during the period. 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 acquiring an additional 405,237 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of EverQuote by 110.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock worth $15,720,000 after purchasing an additional 361,082 shares during the period. AQR Capital Management LLC raised its holdings in shares of EverQuote by 95.1% in the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after purchasing an additional 319,618 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after purchasing an additional 293,160 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.