EverQuote (NASDAQ:EVER) CAO Sells $16,596.72 in Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 888 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $18.69, for a total transaction of $16,596.72. Following the transaction, the chief accounting officer directly owned 81,618 shares in the company, valued at $1,525,440.42. The trade was a 1.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Jon Ayotte also recently made the following trade(s):

• On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The stock was sold at an average price of $18.24, for a total transaction of $5,198.40.
• On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $7,260.00.
• On Monday, April 6th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $15.35, for a total transaction of $5,587.40.

EverQuote Stock Up 1.9%

Shares of NASDAQ EVER opened at $19.24 on Friday. The firm’s 50-day moving average price is $17.05 and its two-hundred day moving average price is $20.53. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73. The stock has a market capitalization of $693.22 million, a P/E ratio of 6.54 and a beta of 0.56.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm had revenue of $190.85 million for the quarter, compared to analysts’ expectations of $180.10 million. During the same quarter last year, the company posted $0.21 earnings per share. EverQuote’s revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts expect that EverQuote, Inc. will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On EverQuote

Large investors have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd increased its stake in shares of EverQuote by 75.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 114,451 shares of the company’s stock valued at $2,617,000 after purchasing an additional 49,205 shares during the period. Intrinsic Edge Capital Management LLC acquired a new stake in shares of EverQuote in the third quarter valued at approximately $1,830,000. SG Americas Securities LLC increased its stake in shares of EverQuote by 1,100.6% in the fourth quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock valued at $6,613,000 after purchasing an additional 224,535 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of EverQuote by 29.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 616,717 shares of the company’s stock valued at $15,683,000 after purchasing an additional 141,026 shares during the period. Finally, Legato Capital Management LLC increased its stake in shares of EverQuote by 179.9% in the fourth quarter. Legato Capital Management LLC now owns 86,717 shares of the company’s stock valued at $2,341,000 after purchasing an additional 55,741 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on EVER shares. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of EverQuote in a report on Tuesday, May 5th. Raymond James Financial reissued an “outperform” rating and issued a $18.00 target price on shares of EverQuote in a report on Tuesday, February 17th. Zacks Research cut shares of EverQuote from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Finally, Wall Street Zen raised shares of EverQuote from a “hold” rating to a “buy” rating in a report on Sunday. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently 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.