Jon Ayotte Sells 881 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 881 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $24.96, for a total transaction of $21,989.76. Following the completion of the transaction, the chief accounting officer directly owned 73,699 shares in the company, valued at $1,839,527.04. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Wednesday, July 1st, Jon Ayotte sold 4,611 shares of EverQuote stock. The stock was sold at an average price of $24.15, for a total value of $111,355.65.
• On Monday, June 1st, Jon Ayotte sold 889 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $17,780.00.
• 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 shares were sold at an average price of $18.24, for a total value of $5,198.40.
• On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The shares were sold at an average price of $20.00, for a total transaction of $7,260.00.

EverQuote Price Performance

EverQuote stock opened at $24.76 on Friday. The firm has a market cap of $892.10 million, a price-to-earnings ratio of 8.42 and a beta of 0.61. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73. The firm has a fifty day moving average price of $20.43 and a two-hundred day moving average price of $19.52.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business had revenue of $190.85 million for the quarter, compared to the consensus estimate of $180.10 million. During the same quarter last year, the company posted $0.21 earnings per share. EverQuote’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 1.72 earnings per share for the current year.

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its stake in EverQuote by 1,100.6% in the fourth quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock valued at $6,613,000 after acquiring an additional 224,535 shares during the period. Legato Capital Management LLC increased its holdings in shares of EverQuote by 179.9% in the fourth quarter. Legato Capital Management LLC now owns 86,717 shares of the company’s stock worth $2,341,000 after acquiring an additional 55,741 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of EverQuote by 29.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 616,717 shares of the company’s stock worth $15,683,000 after purchasing an additional 141,026 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of EverQuote during the fourth quarter worth about $3,853,000. Finally, K.J. Harrison & Partners Inc raised its position in shares of EverQuote by 539.0% during the first quarter. K.J. Harrison & Partners Inc now owns 63,900 shares of the company’s stock worth $985,000 after purchasing an additional 53,900 shares during the period. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

EVER has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Wall Street Zen lowered shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of EverQuote in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating 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 company’s stock. According to data from MarketBeat.com, EverQuote presently has a consensus rating of “Moderate Buy” and an average target price of $24.17.

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.