EverQuote (NASDAQ:EVER) CEO Jayme Mendal Sells 20,981 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 20,981 shares of EverQuote stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $24.27, for a total value of $509,208.87. Following the sale, the chief executive officer owned 591,160 shares in the company, valued at $14,347,453.20. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $22.89 on Friday. The company has a market capitalization of $824.73 million, a PE ratio of 7.43 and a beta of 0.67. The business has a fifty day moving average price of $25.07 and a two-hundred day moving average price of $20.72. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $195.09 million for the quarter, compared to analysts’ expectations of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. Sell-side analysts anticipate that EverQuote, Inc. will post 1.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EVER. Wall Street Zen raised shares of EverQuote from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Zacks Research cut shares of EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Needham & Company LLC upped their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. initiated coverage on EverQuote in a report on Monday, August 24th. They set an “overweight” rating and a $29.00 price objective for the company. Finally, Weiss Ratings raised EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.17.

Institutional Investors Weigh In On EverQuote

Institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in shares of EverQuote in the second quarter worth about $55,000. IFP Advisors Inc lifted its stake in shares of EverQuote by 100.1% during the 2nd quarter. IFP Advisors Inc now owns 3,219 shares of the company’s stock valued at $77,000 after buying an additional 1,610 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of EverQuote during the 2nd quarter valued at approximately $2,889,000. Allworth Financial LP lifted its stake in shares of EverQuote by 63.7% during the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after buying an additional 997 shares in the last quarter. Finally, Corient Private Wealth LP boosted its holdings in EverQuote by 85.4% in the 2nd quarter. Corient Private Wealth LP now owns 79,174 shares of the company’s stock worth $1,884,000 after buying an additional 36,461 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

About EverQuote

EverQuote, Inc (NASDAQ: EVER) operates an online insurance marketplace that connects consumers with insurance providers and agents. The company uses data, technology and digital marketing to help shoppers compare insurance options and connect with providers that may be able to meet their coverage needs.

EverQuote’s marketplace has primarily focused on auto insurance and has also supported shopping for home, renters, life, health and commercial insurance products. Its platform provides insurance companies and agencies with consumer leads and customer-acquisition solutions designed to help them reach prospective policyholders.

Founded in 2011 and headquartered in Cambridge, Massachusetts, EverQuote serves consumers and insurance providers in the United States.