EverQuote (NASDAQ:EVER) Director Mira Wilczek Sells 9,500 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) Director Mira Wilczek sold 9,500 shares of EverQuote stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $25.07, for a total transaction of $238,165.00. Following the transaction, the director directly owned 110,353 shares in the company, valued at approximately $2,766,549.71. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

EverQuote Trading Down 0.7%

EVER traded down $0.19 during trading on Thursday, hitting $25.31. 464,272 shares of the company’s stock were exchanged, compared to its average volume of 829,935. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73. The stock has a 50 day moving average price of $25.11 and a 200 day moving average price of $20.03. The firm has a market cap of $911.92 million, a P/E ratio of 8.22 and a beta of 0.67.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The business had revenue of $195.09 million for 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 business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Analysts forecast that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Comerica Bank grew its stake in EverQuote by 235.4% during the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after purchasing an additional 772 shares in the last quarter. Clearstead Advisors LLC raised its position in shares of EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after purchasing an additional 826 shares in the last quarter. Signature Equity Partners LLC boosted its stake in shares of EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after buying an additional 842 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of EverQuote during the 3rd quarter valued at approximately $52,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of EverQuote during the fourth quarter worth approximately $84,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

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

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.