EverQuote (NASDAQ:EVER) Director Sells $17,264.83 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director George Neble sold 671 shares of EverQuote stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $25.73, for a total transaction of $17,264.83. Following the completion of the transaction, the director directly owned 52,161 shares in the company, valued at approximately $1,342,102.53. The trade was a 1.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

EverQuote Stock Down 1.5%

Shares of EVER stock opened at $24.76 on Friday. EverQuote, Inc. has a 12-month low of $17.35 and a 12-month high of $30.03. The firm has a fifty day moving average of $26.23 and a 200-day moving average of $24.33. The company has a market capitalization of $890.37 million, a price-to-earnings ratio of 17.31 and a beta of 0.46.

EverQuote (NASDAQ:EVER) last announced its 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 firm had revenue of $173.94 million during the quarter, compared to analyst estimates of $166.09 million. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The company’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 earned $0.31 EPS. On average, equities analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

Hedge Funds Weigh In On EverQuote

Several hedge funds and other institutional investors have recently made changes to their positions in EVER. Hennessy Advisors Inc. acquired a new position in EverQuote during the second quarter worth $10,170,000. Balyasny Asset Management L.P. grew its position in shares of EverQuote by 110.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock valued at $15,720,000 after acquiring an additional 361,082 shares during the period. AQR Capital Management LLC increased its stake in shares of EverQuote by 95.1% during the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock worth $15,853,000 after purchasing an additional 319,618 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of EverQuote by 615.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock valued at $8,896,000 after purchasing an additional 292,172 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in EverQuote by 138.2% in the 3rd quarter. Lazard Asset Management LLC now owns 495,970 shares of the company’s stock valued at $11,343,000 after purchasing an additional 287,756 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EVER has been the topic of several research reports. Zacks Research upgraded EverQuote from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Wall Street Zen downgraded shares of 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. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Finally, Needham & Company LLC boosted their price target 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 analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, EverQuote presently has an average rating of “Buy” and a consensus 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.