EverQuote (NASDAQ:EVER) CAO Sells 1,436 Shares

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 1,436 shares of the stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $26.47, for a total transaction of $38,010.92. Following the completion of the sale, the chief accounting officer directly owned 74,272 shares in the company, valued at approximately $1,965,979.84. This represents a 1.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, July 6th, Jon Ayotte sold 881 shares of EverQuote stock. The stock was sold at an average price of $24.96, for a total transaction of $21,989.76.
• On Wednesday, July 1st, Jon Ayotte sold 4,611 shares of EverQuote stock. The stock was 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 transaction of $17,780.00.

EverQuote Stock Down 4.8%

EverQuote stock traded down $1.26 during midday trading on Thursday, reaching $24.82. The stock had a trading volume of 702,475 shares, compared to its average volume of 844,271. The company has a fifty day moving average of $24.64 and a 200 day moving average of $19.71. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73. The firm has a market cap of $894.26 million, a price-to-earnings ratio of 8.06 and a beta of 0.62.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $195.09 million during the quarter, compared to analyst estimates of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.EverQuote’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. Equities research analysts predict that EverQuote, Inc. will post 1.72 EPS for the current year.

Hedge Funds Weigh In On EverQuote

Several institutional investors and hedge funds have recently modified their holdings of EVER. California State Teachers Retirement System increased its holdings in EverQuote by 2,495.5% in the second quarter. California State Teachers Retirement System now owns 727,593 shares of the company’s stock valued at $17,309,000 after buying an additional 699,560 shares in the last quarter. Lazard Asset Management LLC increased its stake in EverQuote by 81.7% during the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock worth $24,333,000 after buying an additional 405,237 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of EverQuote by 110.7% during the third 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 last quarter. AQR Capital Management LLC lifted its position in shares of EverQuote by 95.1% in the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock valued at $15,853,000 after acquiring an additional 319,618 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted 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 acquiring an additional 293,160 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on EverQuote in a report on Monday. They issued an “overweight” rating and a $29.00 price target for the company. Needham & Company LLC boosted their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Raymond James Financial reissued an “outperform” rating and issued a $28.00 price objective on shares of EverQuote in a research report on Thursday, August 13th. Finally, Zacks Research lowered EverQuote from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.17.

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.