EverQuote (NASDAQ:EVER) CFO Sells $414,000.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 20,000 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $20.70, for a total value of $414,000.00. Following the transaction, the chief financial officer directly owned 337,660 shares in the company, valued at $6,989,562. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, April 2nd, Joseph Sanborn sold 650 shares of EverQuote stock. The shares were sold at an average price of $14.42, for a total value of $9,373.00.

EverQuote Stock Performance

Shares of NASDAQ EVER traded down $0.10 during midday trading on Friday, hitting $20.50. 865,126 shares of the stock traded hands, compared to its average volume of 969,273. The firm has a 50-day moving average of $16.22 and a two-hundred day moving average of $20.83. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The firm has a market capitalization of $738.62 million, a P/E ratio of 6.97 and a beta of 0.56.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.08. The company had revenue of $190.85 million during 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 quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 earnings per share. Equities analysts forecast that EverQuote, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EVER. Zacks Research cut EverQuote from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 26th. Wall Street Zen cut shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. Weiss Ratings cut shares of EverQuote from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. B. Riley Financial decreased their target price on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Finally, Raymond James Financial restated an “outperform” rating and set a $18.00 target price on shares of EverQuote in a research note on Tuesday, February 17th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.17.

More EverQuote News

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote’s latest earnings beat expectations, with Q1 EPS of $0.51 versus $0.43 expected and revenue of $190.85 million versus $180.10 million estimated. The company also posted 14.6% year-over-year revenue growth, reinforcing the view that its insurance marketplace is still growing profitably. Article Title
• Positive Sentiment: Analysts have been adjusting higher after the report, including Needham reaffirming a Buy rating and JPMorgan raising its price target to $24. These updates suggest Wall Street sees the earnings strength as sustainable. Article Title
• Positive Sentiment: Management is also presenting at upcoming investor conferences, which may help keep attention on the stock and give the company another chance to highlight its growth and AI-driven efficiency gains. Article Title
• Neutral Sentiment: Insider sales by CTO David Brainard and CAO Jon Ayotte may have modestly weighed on sentiment, but the transactions were relatively small compared with their remaining holdings and do not appear to signal a major change in the company’s outlook. Article Title

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. raised its holdings in EverQuote by 406.3% during the first quarter. Meeder Asset Management Inc. now owns 128,116 shares of the company’s stock valued at $1,976,000 after acquiring an additional 102,813 shares during the period. Dimensional Fund Advisors LP raised its position in shares of EverQuote by 37.7% during the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock valued at $10,728,000 after buying an additional 190,438 shares during the last quarter. Watershed Asset Management L.L.C. raised its position in shares of EverQuote by 64.9% during the first quarter. Watershed Asset Management L.L.C. now owns 28,241 shares of the company’s stock valued at $435,000 after buying an additional 11,112 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of EverQuote by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after buying an additional 293,160 shares during the last quarter. Finally, Sigma Planning Corp raised its position in shares of EverQuote by 11.9% during the first quarter. Sigma Planning Corp now owns 10,560 shares of the company’s stock valued at $163,000 after buying an additional 1,125 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

About EverQuote

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.