Insider Selling: EverQuote (NASDAQ:EVER) CAO Sells $17,780.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 889 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $20.00, for a total value of $17,780.00. Following the sale, the chief accounting officer owned 80,729 shares in the company, valued at approximately $1,614,580. The trade was a 1.09% decrease in their position. The transaction 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 Tuesday, May 26th, Jon Ayotte sold 888 shares of EverQuote stock. The shares were sold at an average price of $18.69, for a total value of $16,596.72.
• On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The shares were sold at an average price of $18.24, for a total value of $5,198.40.
• On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The shares were sold at an average price of $20.00, for a total value of $7,260.00.
• On Monday, April 6th, Jon Ayotte sold 364 shares of EverQuote stock. The shares were sold at an average price of $15.35, for a total value of $5,587.40.

EverQuote Stock Up 7.0%

Shares of EVER stock opened at $19.22 on Friday. The stock has a market cap of $692.50 million, a PE ratio of 6.54 and a beta of 0.65. The business has a 50-day simple moving average of $17.32 and a 200-day simple moving average of $20.31. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.08. The business had revenue of $190.85 million during the quarter, compared to analysts’ expectations of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. Sell-side analysts anticipate that EverQuote, Inc. will post 2.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverQuote

Several institutional investors and hedge funds have recently modified their holdings of the business. Segall Bryant & Hamill LLC increased its stake in shares of EverQuote by 76.5% in the 1st quarter. Segall Bryant & Hamill LLC now owns 69,803 shares of the company’s stock valued at $1,076,000 after purchasing an additional 30,250 shares in the last quarter. Amundi increased its stake in shares of EverQuote by 198.5% in the 1st quarter. Amundi now owns 119,848 shares of the company’s stock valued at $1,848,000 after purchasing an additional 79,700 shares in the last quarter. Royal Bank of Canada increased its stake in shares of EverQuote by 15.2% in the 1st quarter. Royal Bank of Canada now owns 60,404 shares of the company’s stock valued at $931,000 after purchasing an additional 7,959 shares in the last quarter. Quantinno Capital Management LP increased its stake in EverQuote by 254.6% during the 1st quarter. Quantinno Capital Management LP now owns 115,013 shares of the company’s stock worth $1,774,000 after buying an additional 82,579 shares in the last quarter. Finally, Jacobs Asset Management LLC increased its stake in EverQuote by 199.9% during the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock worth $6,219,000 after buying an additional 268,819 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Craig Hallum reissued a “buy” rating and issued a $20.00 price objective on shares of EverQuote in a report on Tuesday, February 24th. Raymond James Financial reissued an “outperform” rating and issued a $18.00 price objective on shares of EverQuote in a report on Tuesday, February 17th. Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Canaccord Genuity Group cut their price target on EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Finally, Zacks Research lowered EverQuote from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.17.

About EverQuote

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.