EverQuote (NASDAQ:EVER) CFO Sells $164,208.21 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 6,667 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $24.63, for a total value of $164,208.21. Following the sale, the chief financial officer directly owned 311,908 shares of the company’s stock, valued at approximately $7,682,294.04. The trade was a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Joseph Sanborn also recently made the following trade(s):

• On Monday, July 6th, Joseph Sanborn sold 642 shares of EverQuote stock. The shares were 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 shares were sold at an average price of $19.28, for a total transaction of $128,520.48.
• On Thursday, May 7th, Joseph Sanborn sold 20,000 shares of EverQuote stock. The stock was sold at an average price of $20.70, for a total transaction of $414,000.00.

EverQuote Price Performance

Shares of EVER stock opened at $24.83 on Monday. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73. The firm has a fifty day moving average of $20.62 and a 200-day moving average of $19.50. The company has a market capitalization of $894.62 million, a price-to-earnings ratio of 8.45 and a beta of 0.61.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.43 by $0.08. The business had revenue of $190.85 million for the quarter, compared to analysts’ expectations of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. On average, equities analysts expect that EverQuote, Inc. will post 1.72 EPS for the current year.

Hedge Funds Weigh In On EverQuote

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of EverQuote by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company’s stock valued at $59,980,000 after acquiring an additional 20,156 shares during the last quarter. Renaissance Technologies LLC grew its stake in 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 in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of EverQuote by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after purchasing an additional 293,160 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of EverQuote by 81.7% during the 4th 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% during the 4th 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 in the last quarter. Institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of EverQuote in a research note on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average 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.