Mira Wilczek Sells 9,500 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director Mira Wilczek sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $25.07, for a total transaction of $238,165.00. Following the sale, the director owned 110,353 shares in the company, valued at approximately $2,766,549.71. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

EverQuote Stock Down 1.6%

NASDAQ:EVER opened at $24.91 on Friday. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73. The company has a fifty day simple moving average of $25.21 and a two-hundred day simple moving average of $20.14. The company has a market cap of $897.51 million, a price-to-earnings ratio of 8.09 and a beta of 0.67.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The business had revenue of $195.09 million for the quarter, compared to analysts’ expectations of $191.06 million. During the same period last year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, analysts expect that EverQuote, Inc. will post 1.72 EPS for the current year.

Analysts Set New Price Targets

EVER has been the topic of several analyst reports. Raymond James Financial reaffirmed an “outperform” rating and issued a $28.00 target price on shares of EverQuote in a report on Thursday, August 13th. Zacks Research downgraded shares of EverQuote from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Needham & Company LLC raised their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company 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 research report on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.17.

Hedge Funds Weigh In On EverQuote

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in EverQuote by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company’s stock valued at $59,980,000 after purchasing an additional 20,156 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of EverQuote by 28.9% during the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock worth $14,517,000 after buying an additional 211,360 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after buying an additional 293,160 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of EverQuote by 81.7% in the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock valued at $24,333,000 after buying an additional 405,237 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its holdings in shares of EverQuote by 27.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company’s stock valued at $23,644,000 after buying an additional 188,335 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

EverQuote Company Profile

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.