John Shields Sells 3,126 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director John Shields sold 3,126 shares of EverQuote stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $26.39, for a total value of $82,495.14. Following the completion of the transaction, the director owned 31,198 shares of the company’s stock, valued at approximately $823,315.22. This trade represents a 9.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

EverQuote Stock Down 4.8%

Shares of NASDAQ:EVER traded down $1.26 during midday trading on Thursday, reaching $24.82. 702,475 shares of the company traded hands, compared to its average volume of 844,271. The firm’s fifty day moving average price is $24.64 and its two-hundred day moving average price is $19.71. The firm has a market capitalization of $894.26 million, a price-to-earnings ratio of 8.06 and a beta of 0.62. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. 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 research report on Tuesday, August 4th. Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Zacks Research downgraded shares of EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of EverQuote in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. initiated coverage on shares of EverQuote in a report on Monday. They issued an “overweight” rating and a $29.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.17.

Institutional Trading of EverQuote

A number of large investors have recently modified their holdings of the business. Jacobs Asset Management LLC raised its position in EverQuote by 199.9% during the first quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after purchasing an additional 268,819 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in EverQuote by 37.7% during the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock worth $10,728,000 after purchasing an additional 190,438 shares during the last quarter. Legato Capital Management LLC boosted its holdings in shares of EverQuote by 179.9% in the 4th quarter. Legato Capital Management LLC now owns 86,717 shares of the company’s stock worth $2,341,000 after purchasing an additional 55,741 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of EverQuote by 219.1% in the 1st quarter. Principal Financial Group Inc. now owns 137,574 shares of the company’s stock worth $2,121,000 after purchasing an additional 94,467 shares in the last quarter. Finally, OP Asset Management Ltd bought a new position in shares of EverQuote during the 1st quarter valued at about $2,410,000. 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.