EverQuote (NASDAQ:EVER) CAO Sells $111,355.65 in Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 4,611 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $24.15, for a total value of $111,355.65. Following the sale, the chief accounting officer owned 74,580 shares in the company, valued at $1,801,107. The trade was a 5.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, June 1st, Jon Ayotte sold 889 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $17,780.00.
• On Tuesday, May 26th, Jon Ayotte sold 888 shares of EverQuote stock. The shares were sold at an average price of $18.69, for a total transaction 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 transaction of $5,198.40.
• On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $7,260.00.
• On Monday, April 6th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $15.35, for a total transaction of $5,587.40.

EverQuote Stock Performance

EVER opened at $24.86 on Friday. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The stock has a market cap of $895.71 million, a price-to-earnings ratio of 8.46 and a beta of 0.61. The stock’s 50 day moving average price is $19.67 and its 200-day moving average price is $19.62.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.08. The company had revenue of $190.85 million during the quarter, compared to analysts’ expectations of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.EverQuote’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. As a group, analysts predict that EverQuote, Inc. will post 1.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

EVER has been the topic 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 report on Friday, May 15th. JPMorgan Chase & Co. lifted 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 cut shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 target price on shares of EverQuote in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, EverQuote has an average rating of “Moderate Buy” and a consensus target price of $24.17.

Institutional Investors Weigh In On EverQuote

Several hedge funds have recently made changes to their positions in EVER. Comerica Bank increased its stake in shares of EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after buying an additional 772 shares during the period. Signature Equity Partners LLC lifted its holdings in shares of EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after purchasing an additional 842 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in EverQuote in the third quarter worth about $52,000. Clearstead Advisors LLC boosted its stake in EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after purchasing an additional 826 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of 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 buying an additional 2,381 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.