EverQuote (NASDAQ:EVER) CFO Sells $15,729.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 642 shares of EverQuote stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $24.50, for a total value of $15,729.00. Following the sale, the chief financial officer directly owned 318,575 shares in the company, valued at $7,805,087.50. The trade was a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Wednesday, July 8th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The stock was sold at an average price of $24.63, for a total value of $164,208.21.
• On Monday, June 8th, Joseph Sanborn sold 6,666 shares of EverQuote stock. The shares were sold at an average price of $19.28, for a total value of $128,520.48.
• On Thursday, May 7th, Joseph Sanborn sold 20,000 shares of EverQuote stock. The shares were sold at an average price of $20.70, for a total transaction of $414,000.00.

EverQuote Stock Up 0.3%

EverQuote stock opened at $24.83 on Friday. The stock has a 50-day simple moving average of $20.62 and a 200 day simple moving average of $19.56. The stock has a market capitalization of $894.62 million, a price-to-earnings ratio of 8.45 and a beta of 0.61. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $180.10 million. During the same quarter last year, the company posted $0.21 EPS. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. increased their price objective on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Wall Street Zen lowered EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of EverQuote in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, EverQuote presently has a consensus rating of “Moderate Buy” and an average price target of $24.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. increased its holdings in EverQuote by 3.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 37,732 shares of the company’s stock valued at $898,000 after purchasing an additional 1,278 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of EverQuote by 81.9% in the 1st quarter. Pacer Advisors Inc. now owns 214,947 shares of the company’s stock valued at $3,314,000 after acquiring an additional 96,796 shares during the last quarter. Segall Bryant & Hamill LLC raised its position 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 acquiring an additional 30,250 shares during the period. Amundi boosted its stake in EverQuote by 198.5% during the 1st quarter. Amundi now owns 119,848 shares of the company’s stock worth $1,848,000 after acquiring an additional 79,700 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in EverQuote by 15.2% during the 1st quarter. Royal Bank of Canada now owns 60,404 shares of the company’s stock worth $931,000 after acquiring an additional 7,959 shares during the last quarter. 91.54% of the stock is currently 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.