EverQuote (NASDAQ:EVER) Stock: Insider Jayme Mendal Sells 20,980 Shares

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 20,980 shares of EverQuote stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $19.69, for a total value of $413,096.20. Following the completion of the transaction, the chief executive officer owned 557,828 shares in the company, valued at approximately $10,983,633.32. The trade was a 3.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jayme Mendal also recently made the following trade(s):

• On Tuesday, September 15th, Jayme Mendal sold 20,981 shares of EverQuote stock. The stock was sold at an average price of $24.27, for a total value of $509,208.87.

EverQuote Price Performance

Shares of EVER stock traded down $0.09 on Monday, hitting $19.41. 992,258 shares of the company’s stock were exchanged, compared to its average volume of 847,898. The company has a 50 day moving average of $23.75 and a 200 day moving average of $20.98. The stock has a market cap of $699.34 million, a P/E ratio of 6.30 and a beta of 0.68. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $195.09 million for the quarter, compared to analysts’ expectations of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.39 earnings per share. Sell-side analysts predict that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Institutional Investors Weigh In On EverQuote

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in EverQuote by 37.7% during the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock valued at $10,728,000 after acquiring an additional 190,438 shares during the last quarter. Jacobs Asset Management LLC raised its position in shares of EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock worth $6,219,000 after acquiring an additional 268,819 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of EverQuote in the 2nd quarter valued at about $2,344,000. K.J. Harrison & Partners Inc boosted its position in shares of EverQuote by 539.0% during the 1st quarter. K.J. Harrison & Partners Inc now owns 63,900 shares of the company’s stock valued at $985,000 after purchasing an additional 53,900 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of EverQuote by 28.9% during the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after purchasing an additional 211,360 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Weiss Ratings upgraded shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. B. Riley Financial reiterated 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. Zacks Research downgraded EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Raymond James Financial restated an “outperform” rating and set a $28.00 price objective on shares of EverQuote in a research report on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $28.17.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.