Insider Selling: EverQuote (NASDAQ:EVER) Director Sells $33,182.19 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director George Neble sold 1,593 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $20.83, for a total transaction of $33,182.19. Following the completion of the transaction, the director directly owned 56,547 shares in the company, valued at $1,177,874.01. This represents a 2.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EverQuote Price Performance

Shares of EVER opened at $21.58 on Friday. The firm has a market capitalization of $777.53 million, a price-to-earnings ratio of 7.01 and a beta of 0.68. EverQuote, Inc. has a 1-year low of $13.88 and a 1-year high of $28.73. The company has a 50-day moving average of $22.86 and a 200 day moving average of $21.27.

EverQuote (NASDAQ:EVER) last released 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. The company had revenue of $195.09 million during the quarter, compared to analysts’ expectations of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 EPS. On average, equities analysts anticipate that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on EVER shares. Weiss Ratings upgraded EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Zacks Research raised EverQuote from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. JPMorgan Chase & Co. started coverage on EverQuote in a report on Monday, August 24th. They set an “overweight” rating and a $29.00 price objective on the stock. Wall Street Zen downgraded EverQuote from a “buy” rating to a “hold” rating in a report on Sunday, September 20th. Finally, Needham & Company LLC lifted their target price on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.17.

Institutional Trading of EverQuote

Institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in EverQuote by 28.9% in the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock worth $14,517,000 after acquiring an additional 211,360 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in EverQuote by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after acquiring an additional 293,160 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in EverQuote by 1.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company’s stock worth $11,470,000 after acquiring an additional 13,276 shares in the last quarter. Dimensional Fund Advisors LP increased its position in EverQuote by 37.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock valued at $10,728,000 after purchasing an additional 190,438 shares during the period. Finally, Jacobs Asset Management LLC increased its position in EverQuote by 199.9% during the 1st 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 during the period. 91.54% of the stock is currently owned by institutional investors.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.