Jon Ayotte Sells 888 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 888 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $18.69, for a total transaction of $16,596.72. Following the sale, the chief accounting officer owned 81,618 shares in the company, valued at approximately $1,525,440.42. This trade represents a 1.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The stock was sold at an average price of $18.24, for a total transaction of $5,198.40.
• On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $7,260.00.
• On Monday, April 6th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $15.35, for a total transaction of $5,587.40.

EverQuote Stock Up 1.9%

EVER opened at $19.24 on Friday. The firm has a market cap of $693.22 million, a price-to-earnings ratio of 6.54 and a beta of 0.56. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73. The company’s 50-day moving average price is $17.05 and its 200 day moving average price is $20.53.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.08. The firm had revenue of $190.85 million for the quarter, compared to analyst estimates of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. EverQuote’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 earnings per share. Research analysts anticipate that EverQuote, Inc. will post 2.06 earnings per share for the current year.

Institutional Trading of EverQuote

Large investors have recently added to or reduced their stakes in the business. Comerica Bank boosted its stake in EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after purchasing an additional 772 shares during the period. Signature Equity Partners LLC boosted its stake in EverQuote by 65.5% in the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after purchasing an additional 842 shares during the period. NewEdge Advisors LLC acquired a new position in EverQuote in the 3rd quarter worth approximately $52,000. Clearstead Advisors LLC boosted 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 purchasing an additional 826 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in EverQuote by 595.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after purchasing an additional 2,246 shares during the period. 91.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research lowered shares of EverQuote from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of EverQuote in a research note on Tuesday, May 5th. B. Riley Financial dropped their price target on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. Wall Street Zen lowered shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. 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 investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.17.

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.