Jon Ayotte Sells 888 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 888 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $18.69, for a total value of $16,596.72. Following the completion of the sale, the chief accounting officer owned 81,618 shares of the company’s stock, valued at approximately $1,525,440.42. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The stock was 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 stock was sold at an average price of $20.00, for a total value of $7,260.00.
• On Monday, April 6th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $15.35, for a total value of $5,587.40.

EverQuote Stock Down 1.8%

Shares of NASDAQ:EVER traded down $0.35 during trading on Thursday, hitting $18.89. The stock had a trading volume of 589,429 shares, compared to its average volume of 928,291. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73. The company has a market capitalization of $680.61 million, a PE ratio of 6.43 and a beta of 0.56. The firm’s fifty day moving average is $16.93 and its 200 day moving average is $20.59.

EverQuote (NASDAQ:EVER) last announced its earnings results 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 return on equity of 53.39% and a net margin of 15.35%.The firm had revenue of $190.85 million during the quarter, compared to analyst estimates of $180.10 million. During the same quarter in the prior year, the company earned $0.21 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. Equities research analysts expect that EverQuote, Inc. will post 2.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of EverQuote by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after buying an additional 624 shares during the period. Cetera Investment Advisers boosted its position in shares of EverQuote by 4.3% during the second quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock valued at $392,000 after buying an additional 675 shares during the period. Comerica Bank boosted its position in shares of EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after buying an additional 772 shares during the period. Legal & General Group Plc boosted its position in shares of EverQuote by 3.3% during the third quarter. Legal & General Group Plc now owns 24,301 shares of the company’s stock valued at $556,000 after buying an additional 776 shares during the period. Finally, Zacks Investment Management boosted its position in shares of EverQuote by 1.2% during the fourth quarter. Zacks Investment Management now owns 66,281 shares of the company’s stock valued at $1,790,000 after buying an additional 782 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on EVER. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of EverQuote in a research report on Tuesday, May 5th. Craig Hallum reissued a “buy” rating and set a $20.00 price target on shares of EverQuote in a report on Tuesday, February 24th. Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. B. Riley Financial decreased their price target on EverQuote from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Finally, Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.