Insider Selling: EverQuote (NASDAQ:EVER) CFO Sells 1,063 Shares of Stock

by · The Cerbat Gem

EverQuote, Inc. (NASDAQ:EVER – Get Free Report) CFO Joseph Sanborn sold 1,063 shares of EverQuote stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $23.21, for a total value of $24,672.23. Following the completion of the transaction, the chief financial officer owned 239,942 shares of the company’s stock, valued at $5,569,053.82. The trade was a 0.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Tuesday, November 18th, Joseph Sanborn sold 512 shares of EverQuote stock. The shares were sold at an average price of $24.54, for a total transaction of $12,564.48.

EverQuote Stock Down 1.3%

NASDAQ EVER traded down $0.33 on Tuesday, hitting $24.97. 473,245 shares of the stock were exchanged, compared to its average volume of 462,075. EverQuote, Inc. has a fifty-two week low of $17.20 and a fifty-two week high of $30.03. The company has a market cap of $897.82 million, a PE ratio of 17.46 and a beta of 0.46. The company has a 50-day moving average price of $25.72 and a 200-day moving average price of $24.25.

EverQuote (NASDAQ:EVER – Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.13. The business had revenue of $173.94 million during the quarter, compared to analysts’ expectations of $166.09 million. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. As a group, equities research analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On EverQuote

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new stake in EverQuote in the 3rd quarter valued at $52,000. PharVision Advisers LLC acquired a new position in EverQuote in the third quarter valued at $209,000. Virtus Advisers LLC raised its holdings in shares of EverQuote by 1,238.3% in the third quarter. Virtus Advisers LLC now owns 30,005 shares of the company’s stock valued at $686,000 after buying an additional 27,763 shares during the last quarter. Prelude Capital Management LLC acquired a new stake in shares of EverQuote during the third quarter worth about $215,000. Finally, Mariner LLC boosted its stake in shares of EverQuote by 56.2% during the third quarter. Mariner LLC now owns 14,829 shares of the company’s stock worth $339,000 after buying an additional 5,337 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen cut EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Zacks Research upgraded shares of EverQuote from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Needham & Company LLC lifted their price target on shares of EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of EverQuote from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $34.00.

View Our Latest Analysis on EVER

About EverQuote

(Get Free Report)

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.

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