Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CEO Sells 14,360 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 14,360 shares of the company’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $23.54, for a total value of $338,034.40. Following the sale, the chief executive officer now owns 573,149 shares of the company’s stock, valued at approximately $13,491,927.46. The trade was a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, April 21st, Jayme Mendal sold 14,360 shares of EverQuote stock. The shares were sold at an average price of $21.36, for a total value of $306,729.60.
• On Thursday, March 20th, Jayme Mendal sold 65,117 shares of EverQuote stock. The stock was sold at an average price of $28.07, for a total transaction of $1,827,834.19.

EverQuote Trading Down 0.3%

EVER stock opened at $22.59 on Friday. The firm has a 50-day moving average price of $24.04 and a 200-day moving average price of $21.74. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The stock has a market capitalization of $807.01 million, a P/E ratio of 66.44 and a beta of 0.45.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. The business had revenue of $147.46 million during the quarter, compared to analysts’ expectations of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. As a group, equities analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

EVER has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $38.00 target price on shares of EverQuote in a research report on Tuesday, May 6th. Canaccord Genuity Group lowered their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. upped their target price on EverQuote from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $32.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVER. Acadian Asset Management LLC grew its holdings in shares of EverQuote by 13.2% during the first quarter. Acadian Asset Management LLC now owns 856,248 shares of the company’s stock worth $22,413,000 after purchasing an additional 99,743 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in EverQuote by 615.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after acquiring an additional 292,172 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in EverQuote by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after acquiring an additional 624 shares during the last quarter. Bosun Asset Management LLC acquired a new position in EverQuote in the 1st quarter valued at approximately $505,000. Finally, Amundi bought a new position in shares of EverQuote during the first quarter valued at $290,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.