EverQuote (NASDAQ:EVER) CAO Sells $21,989.76 in Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 881 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $24.96, for a total value of $21,989.76. Following the sale, the chief accounting officer owned 73,699 shares in the company, valued at $1,839,527.04. The trade was a 1.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, July 1st, Jon Ayotte sold 4,611 shares of EverQuote stock. The shares were sold at an average price of $24.15, for a total transaction of $111,355.65.
• On Monday, June 1st, Jon Ayotte sold 889 shares of EverQuote stock. The shares were sold at an average price of $20.00, for a total value of $17,780.00.
• On Tuesday, May 26th, Jon Ayotte sold 888 shares of EverQuote stock. The stock was sold at an average price of $18.69, for a total value of $16,596.72.
• On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The shares were sold at an average price of $18.24, for a total value 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.

EverQuote Trading Up 0.3%

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

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, May 4th. The company reported $0.51 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%.The firm’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. As a group, research analysts forecast that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EVER. Wall Street Zen cut shares of 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 target price on shares of EverQuote in a research note on Tuesday, May 5th. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.17.

Institutional Trading of EverQuote

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in EverQuote by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company’s stock valued at $59,980,000 after buying an additional 20,156 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of EverQuote by 28.9% in the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock worth $14,517,000 after buying an additional 211,360 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of EverQuote by 47.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after buying an additional 293,160 shares during the period. Lazard Asset Management LLC lifted its position in shares of EverQuote by 81.7% during the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock valued at $24,333,000 after buying an additional 405,237 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of EverQuote by 27.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company’s stock valued at $23,644,000 after acquiring an additional 188,335 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.