Insider Selling: EverQuote (NASDAQ:EVER) Director Sells $238,165.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director Mira Wilczek sold 9,500 shares of EverQuote stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $25.07, for a total transaction of $238,165.00. Following the completion of the transaction, the director directly owned 110,353 shares in the company, valued at $2,766,549.71. This represents a 7.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EverQuote Stock Down 1.6%

Shares of EverQuote stock opened at $24.91 on Friday. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73. The firm has a market capitalization of $897.51 million, a PE ratio of 8.09 and a beta of 0.67. The stock’s fifty day moving average is $25.21 and its 200-day moving average is $20.14.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. Analysts expect that EverQuote, Inc. will post 1.72 EPS for the current year.

Analyst Ratings Changes

EVER has been the subject of several recent research reports. Needham & Company LLC boosted their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. assumed coverage on shares of EverQuote in a research note on Monday, August 24th. They issued an “overweight” rating and a $29.00 price objective for the company. Raymond James Financial reiterated an “outperform” rating and issued a $28.00 price objective on shares of EverQuote in a report on Thursday, August 13th. Weiss Ratings raised shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Finally, B. Riley Financial restated a “buy” rating and set a $34.00 target price (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EVER. Comerica Bank lifted its holdings in shares of EverQuote by 235.4% during the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after acquiring an additional 772 shares during the period. Signature Equity Partners LLC raised its position in EverQuote by 65.5% in the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after purchasing an additional 842 shares in the last quarter. NewEdge Advisors LLC acquired a new position in EverQuote in the third quarter worth about $52,000. Clearstead Advisors LLC lifted its stake in EverQuote by 70.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after purchasing an additional 826 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in EverQuote by 271.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $79,000 after purchasing an additional 2,381 shares during the period. 91.54% of the stock is owned by institutional investors.

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.