Joseph Sanborn Sells 6,667 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 6,667 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $24.63, for a total transaction of $164,208.21. Following the completion of the sale, the chief financial officer directly owned 311,908 shares of the company’s stock, valued at $7,682,294.04. The trade was a 2.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, July 6th, Joseph Sanborn sold 642 shares of EverQuote stock. The stock was sold at an average price of $24.50, for a total transaction of $15,729.00.
• 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 Trading Up 0.3%

Shares of NASDAQ:EVER traded up $0.07 on Friday, hitting $24.83. 317,718 shares of the company were exchanged, compared to its average volume of 677,437. The stock’s 50 day moving average price is $20.62 and its 200 day moving average price is $19.56. EverQuote, Inc. has a 1-year low of $13.88 and a 1-year high of $28.73. The firm has a market capitalization of $894.62 million, a P/E ratio of 8.45 and a beta of 0.61.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.43 by $0.08. The company had revenue of $190.85 million for the quarter, compared to analyst estimates of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 earnings per share. On average, equities analysts predict that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Institutional Trading of EverQuote

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of EverQuote by 1,100.6% during the 4th quarter. SG Americas Securities LLC now owns 244,937 shares of the company’s stock worth $6,613,000 after acquiring an additional 224,535 shares in the last quarter. Legato Capital Management LLC lifted its position in EverQuote by 179.9% in the fourth quarter. Legato Capital Management LLC now owns 86,717 shares of the company’s stock valued at $2,341,000 after acquiring an additional 55,741 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of EverQuote by 29.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 616,717 shares of the company’s stock worth $15,683,000 after purchasing an additional 141,026 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in EverQuote in the fourth quarter valued at approximately $3,853,000. Finally, K.J. Harrison & Partners Inc raised its position in EverQuote by 539.0% in the 1st quarter. K.J. Harrison & Partners Inc now owns 63,900 shares of the company’s stock valued at $985,000 after purchasing an additional 53,900 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

EVER has been the subject of a number of research analyst reports. 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. increased their price objective on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Wall Street Zen lowered EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of EverQuote in a report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.17.

EverQuote Company Profile

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.