Insider Selling: EverQuote (NASDAQ:EVER) CFO Sells 639 Shares of Company Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 639 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $19.87, for a total value of $12,696.93. Following the completion of the sale, the chief financial officer owned 292,826 shares of the company’s stock, valued at $5,818,452.62. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, August 10th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The stock was sold at an average price of $25.51, for a total value of $170,075.17.
• On Wednesday, July 8th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The shares were sold at an average price of $24.63, for a total value of $164,208.21.

EverQuote Stock Down 0.5%

Shares of EVER traded down $0.09 on Monday, hitting $19.41. The company’s stock had a trading volume of 992,258 shares, compared to its average volume of 847,898. The firm’s fifty day moving average price is $23.75 and its 200-day moving average price is $20.98. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73. The firm has a market capitalization of $699.34 million, a price-to-earnings ratio of 6.30 and a beta of 0.68.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. The firm had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. As a group, equities analysts predict that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EVER. Weiss Ratings upgraded EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Zacks Research downgraded shares of EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Needham & Company LLC increased their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. 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, Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a report on Sunday, September 20th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its stake in EverQuote by 28.9% during the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock worth $14,517,000 after purchasing an additional 211,360 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in 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 purchasing an additional 293,160 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in EverQuote by 1.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company’s stock valued at $11,470,000 after buying an additional 13,276 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of EverQuote by 37.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock worth $10,728,000 after buying an additional 190,438 shares in the last quarter. Finally, Jacobs Asset Management LLC boosted its holdings in shares of EverQuote by 199.9% during the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock worth $6,219,000 after buying an additional 268,819 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

About EverQuote

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.