EverQuote (NASDAQ:EVER) CFO Joseph Sanborn Sells 642 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 642 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $24.50, for a total value of $15,729.00. Following the completion of the transaction, the chief financial officer owned 318,575 shares of the company’s stock, valued at $7,805,087.50. The trade was a 0.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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, June 8th, Joseph Sanborn sold 6,666 shares of EverQuote stock. The stock was sold at an average price of $19.28, for a total transaction of $128,520.48.
• On Thursday, May 7th, Joseph Sanborn sold 20,000 shares of EverQuote stock. The shares were sold at an average price of $20.70, for a total value of $414,000.00.

EverQuote Stock Performance

Shares of EverQuote stock opened at $24.80 on Thursday. The company’s 50 day moving average price is $20.26 and its 200-day moving average price is $19.53. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73. The stock has a market capitalization of $893.54 million, a price-to-earnings ratio of 8.44 and a beta of 0.61.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm had revenue of $190.85 million during the quarter, compared to the consensus estimate of $180.10 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. As a group, equities research analysts forecast that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on EVER shares. JPMorgan Chase & Co. increased their target price on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Wall Street Zen lowered EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of EverQuote in a report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $24.17.

Hedge Funds Weigh In On EverQuote

A number of institutional investors have recently bought and sold shares of EVER. Lazard Asset Management LLC raised its stake in shares of EverQuote by 81.7% in the fourth 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 during the period. Balyasny Asset Management L.P. grew its stake in 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 in the last quarter. AQR Capital Management LLC increased its holdings 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 worth $15,853,000 after purchasing an additional 319,618 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of EverQuote by 47.5% during the 1st 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in EverQuote by 615.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock valued at $8,896,000 after purchasing an additional 292,172 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.