John Shields Sells 2,000 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director John Shields sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $25.73, for a total transaction of $51,460.00. Following the sale, the director owned 25,219 shares of the company’s stock, valued at approximately $648,884.87. This represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

EverQuote Stock Up 0.1%

EVER stock opened at $25.14 on Friday. The company has a 50 day moving average of $26.24 and a two-hundred day moving average of $24.33. The company has a market cap of $904.03 million, a price-to-earnings ratio of 17.58 and a beta of 0.46. EverQuote, Inc. has a 12-month low of $17.35 and a 12-month high of $30.03.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.13. The business had revenue of $173.94 million for the quarter, compared to the consensus estimate of $166.09 million. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. EverQuote’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. On average, research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Institutional Trading of EverQuote

Several large investors have recently modified their holdings of the company. Linden Thomas Advisory Services LLC raised its holdings in EverQuote by 5.5% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 8,684 shares of the company’s stock worth $210,000 after acquiring an additional 453 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in EverQuote by 25.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after acquiring an additional 573 shares during the period. Versant Capital Management Inc grew its position in shares of EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after purchasing an additional 601 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of EverQuote by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after purchasing an additional 624 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of EverQuote by 4.3% during the 2nd quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock worth $392,000 after purchasing an additional 675 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on EVER. Wall Street Zen downgraded EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research report on Wednesday, October 8th. Zacks Research upgraded shares of EverQuote from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of EverQuote from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Finally, Needham & Company LLC increased their target price on shares of EverQuote from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, EverQuote currently has a consensus rating of “Buy” and an average price target of $34.00.

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.