EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte Sells 7,647 Shares

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 7,647 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $25.72, for a total transaction of $196,680.84. Following the sale, the chief accounting officer now directly owns 58,045 shares of the company’s stock, valued at approximately $1,492,917.40. This trade represents a 11.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Jon Ayotte also recently made the following trade(s):

• On Friday, February 21st, Jon Ayotte sold 460 shares of EverQuote stock. The stock was sold at an average price of $21.21, for a total transaction of $9,756.60.
• On Wednesday, February 19th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $22.21, for a total value of $8,084.44.

EverQuote Stock Up 4.3 %

NASDAQ EVER traded up $1.10 during trading on Friday, hitting $26.88. The company’s stock had a trading volume of 731,126 shares, compared to its average volume of 536,001. The firm has a 50 day moving average price of $20.25 and a 200 day moving average price of $20.17. The firm has a market cap of $950.23 million, a P/E ratio of 79.06 and a beta of 0.96. EverQuote, Inc. has a 52 week low of $14.28 and a 52 week high of $28.09.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. On average, equities analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Institutional Trading of EverQuote

Several institutional investors have recently modified their holdings of EVER. Gladius Capital Management LP acquired a new stake in shares of EverQuote during the 3rd quarter worth approximately $26,000. R Squared Ltd acquired a new stake in shares of EverQuote during the 4th quarter worth approximately $34,000. Quarry LP grew its holdings in shares of EverQuote by 100.7% during the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after purchasing an additional 1,452 shares in the last quarter. Quantbot Technologies LP grew its holdings in shares of EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after purchasing an additional 2,042 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EVER. Canaccord Genuity Group decreased their price target on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday. JPMorgan Chase & Co. raised their price objective on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Thursday, December 26th. Needham & Company LLC raised their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday. Finally, B. Riley decreased their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $32.33.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.