Insider Selling: EverQuote (NASDAQ:EVER) CAO Sells 881 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 881 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $24.96, for a total transaction of $21,989.76. Following the sale, the chief accounting officer owned 73,699 shares in the company, valued at approximately $1,839,527.04. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, July 1st, Jon Ayotte sold 4,611 shares of EverQuote stock. The stock was sold at an average price of $24.15, for a total transaction of $111,355.65.
• On Monday, June 1st, Jon Ayotte sold 889 shares of EverQuote stock. The shares were sold at an average price of $20.00, for a total value of $17,780.00.
• On Tuesday, May 26th, Jon Ayotte sold 888 shares of EverQuote stock. The stock was 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 stock was 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.

EverQuote Stock Down 1.9%

Shares of NASDAQ EVER traded down $0.47 during trading hours on Wednesday, reaching $24.80. 774,046 shares of the stock traded hands, compared to its average volume of 892,690. The company’s 50-day simple moving average is $20.08 and its two-hundred day simple moving average is $19.55. The company has a market capitalization of $893.54 million, a P/E ratio of 8.44 and a beta of 0.61. 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 results on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. As a group, sell-side analysts forecast that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in shares of EverQuote by 81.7% in the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock worth $24,333,000 after buying an additional 405,237 shares during the period. Balyasny Asset Management L.P. boosted its position in EverQuote by 110.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock valued at $15,720,000 after buying an additional 361,082 shares during the period. AQR Capital Management LLC grew its holdings in EverQuote by 95.1% in the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after acquiring an additional 319,618 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after acquiring an additional 293,160 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of EverQuote by 615.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock valued at $8,896,000 after acquiring an additional 292,172 shares during the period. Institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of EverQuote in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. raised their price objective on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Wall Street Zen downgraded EverQuote from a “buy” rating to a “hold” rating in a report on Saturday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.