EverQuote (NASDAQ:EVER) Director George Neble Sells 671 Shares

EverQuote, Inc. (NASDAQ:EVER) Director George Neble sold 671 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $25.73, for a total value of $17,264.83. Following the completion of the sale, the director directly owned 52,161 shares of the company’s stock, valued at $1,342,102.53. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

EverQuote Stock Performance

Shares of EVER opened at $25.12 on Thursday. EverQuote, Inc. has a one year low of $17.35 and a one year high of $30.03. The stock has a market cap of $903.32 million, a P/E ratio of 17.57 and a beta of 0.46. The stock has a 50-day moving average of $26.24 and a two-hundred day moving average of $24.32.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. The firm had revenue of $173.94 million during the quarter, compared to analysts’ expectations of $166.09 million. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The firm’s revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share. Analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. raised its stake in EverQuote by 9.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 30,311 shares of the company’s stock valued at $818,000 after acquiring an additional 2,598 shares during the last quarter. SG Americas Securities LLC increased its stake in EverQuote by 1,100.6% in the 4th quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock valued at $6,613,000 after buying an additional 224,535 shares during the period. NewEdge Advisors LLC purchased a new position in EverQuote during the third quarter worth about $52,000. PharVision Advisers LLC purchased a new position in shares of EverQuote during the 3rd quarter worth approximately $209,000. Finally, Virtus Advisers LLC lifted its holdings in EverQuote by 1,238.3% in the third quarter. Virtus Advisers LLC now owns 30,005 shares of the company’s stock valued at $686,000 after acquiring an additional 27,763 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Needham & Company LLC increased their target price on EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of EverQuote in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of EverQuote from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Finally, Wall Street Zen downgraded EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, EverQuote currently has an average rating of “Buy” and an average target price of $34.00.

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.