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 on Monday, August 10th. The stock was sold at an average price of $25.51, for a total value of $170,075.17. Following the completion of the sale, the chief financial officer owned 305,241 shares of the company’s stock, valued at approximately $7,786,697.91. This represents a 2.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 transaction 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 transaction of $15,729.00.
• On Monday, June 8th, Joseph Sanborn sold 6,666 shares of EverQuote stock. The stock was sold at an average price of $19.28, for a total transaction of $128,520.48.

EverQuote Trading Down 2.0%

Shares of NASDAQ:EVER opened at $24.60 on Thursday. The company has a market capitalization of $886.34 million, a price-to-earnings ratio of 7.99 and a beta of 0.62. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73. The firm’s 50-day moving average is $23.56 and its 200 day moving average is $19.46.

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

Institutional Investors Weigh In On EverQuote

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in EverQuote by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company’s stock worth $59,980,000 after acquiring an additional 20,156 shares during the period. Renaissance Technologies LLC increased its holdings in shares of EverQuote by 28.9% in the first 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 during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of EverQuote by 47.5% in the first 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 during the period. Lazard Asset Management LLC raised its stake in shares of EverQuote by 81.7% in 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 last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of EverQuote by 27.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company’s stock worth $23,644,000 after purchasing an additional 188,335 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research downgraded shares of EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, B. Riley Financial reiterated a “buy” rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.67.

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.