EverQuote (NASDAQ:EVER) CAO Jon Ayotte Sells 888 Shares

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 888 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $18.69, for a total transaction of $16,596.72. Following the completion of the sale, the chief accounting officer owned 81,618 shares in the company, valued at approximately $1,525,440.42. This trade represents a 1.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 transaction of $5,198.40.
• On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The shares were 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 value of $5,587.40.

EverQuote Stock Down 1.8%

NASDAQ:EVER opened at $18.89 on Friday. The business’s 50 day moving average is $16.98 and its two-hundred day moving average is $20.54. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73. The company has a market cap of $680.61 million, a PE ratio of 6.43 and a beta of 0.56.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, May 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The company had revenue of $190.85 million for the quarter, compared to the consensus estimate of $180.10 million. During the same quarter last year, the business posted $0.21 EPS. EverQuote’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, sell-side analysts expect that EverQuote, Inc. will post 2.06 EPS for the current fiscal year.

Institutional Trading of EverQuote

Several hedge funds have recently made changes to their positions in EVER. Royal Bank of Canada lifted its holdings in shares of EverQuote by 1,705.9% in the 1st quarter. Royal Bank of Canada now owns 65,428 shares of the company’s stock worth $1,713,000 after purchasing an additional 61,805 shares during the last quarter. Amundi bought a new stake in shares of EverQuote in the 1st quarter worth approximately $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of EverQuote by 4.3% in the 1st 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 worth $8,896,000 after purchasing an additional 292,172 shares during the last quarter. Finally, Creative Planning grew its position in EverQuote by 32.4% in the 2nd quarter. Creative Planning now owns 10,526 shares of the company’s stock worth $255,000 after purchasing an additional 2,576 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EVER. B. Riley Financial reduced their target price on EverQuote from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Wall Street Zen downgraded EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Canaccord Genuity Group reduced their target price on EverQuote from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Craig Hallum reaffirmed a “buy” rating and set a $20.00 target price on shares of EverQuote in a report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. increased their target price on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.17.

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.