Insider Selling: EverQuote (NASDAQ:EVER) CFO Sells $164,208.21 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 6,667 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $24.63, for a total transaction of $164,208.21. Following the sale, the chief financial officer owned 311,908 shares in the company, valued at $7,682,294.04. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, July 6th, Joseph Sanborn sold 642 shares of EverQuote stock. The shares were sold at an average price of $24.50, for a total transaction of $15,729.00.
• On Monday, June 8th, Joseph Sanborn sold 6,666 shares of EverQuote stock. The shares were 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 stock was sold at an average price of $20.70, for a total value of $414,000.00.

EverQuote Price Performance

Shares of EverQuote stock traded up $0.07 during trading hours on Friday, reaching $24.83. The company had a trading volume of 317,718 shares, compared to its average volume of 885,779. The firm has a market cap of $894.62 million, a PE ratio of 8.45 and a beta of 0.61. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The business has a fifty day simple moving average of $20.43 and a 200 day simple moving average of $19.52.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. JPMorgan Chase & Co. boosted their price objective on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Weiss Ratings raised shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of EverQuote in a research note on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $24.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank increased its position in shares of EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after purchasing an additional 772 shares during the last quarter. Signature Equity Partners LLC lifted its position in EverQuote by 65.5% during the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after purchasing an additional 842 shares during the last quarter. NewEdge Advisors LLC purchased a new position in EverQuote in the 3rd quarter worth approximately $52,000. Clearstead Advisors LLC grew its stake in EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after buying an additional 826 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of EverQuote by 271.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $79,000 after buying an additional 2,381 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.