EverQuote (NASDAQ:EVER) CAO Jon Ayotte Sells 1,436 Shares

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 1,436 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $26.47, for a total transaction of $38,010.92. Following the completion of the sale, the chief accounting officer owned 74,272 shares in the company, valued at approximately $1,965,979.84. This trade represents a 1.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, July 6th, Jon Ayotte sold 881 shares of EverQuote stock. The stock was sold at an average price of $24.96, for a total transaction of $21,989.76.
• On Wednesday, July 1st, Jon Ayotte sold 4,611 shares of EverQuote stock. The shares were sold at an average price of $24.15, for a total transaction of $111,355.65.
• On Monday, June 1st, Jon Ayotte sold 889 shares of EverQuote stock. The shares were sold at an average price of $20.00, for a total transaction of $17,780.00.

EverQuote Stock Performance

EverQuote stock opened at $24.82 on Friday. The company’s 50 day simple moving average is $24.74 and its 200-day simple moving average is $19.76. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73. The company has a market capitalization of $894.26 million, a price-to-earnings ratio of 8.06 and a beta of 0.62.

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

Institutional Trading of EverQuote

A number of large investors have recently made changes to their positions in the company. Comerica Bank raised its holdings in EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after acquiring an additional 772 shares in the last quarter. Clearstead Advisors LLC grew its holdings in EverQuote by 70.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after acquiring an additional 826 shares in the last quarter. Signature Equity Partners LLC grew its holdings in EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after acquiring an additional 842 shares in the last quarter. NewEdge Advisors LLC acquired a new position in EverQuote during the 3rd quarter worth approximately $52,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of EverQuote in the 4th quarter valued at approximately $84,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EVER has been the topic of several research analyst reports. Needham & Company LLC boosted their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Raymond James Financial reissued an “outperform” rating and set a $28.00 price target on shares of EverQuote in a research report on Thursday, August 13th. Zacks Research downgraded shares of EverQuote from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.17.

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.