Joseph Sanborn Sells 20,000 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $20.70, for a total transaction of $414,000.00. Following the completion of the sale, the chief financial officer directly owned 337,660 shares of the company’s stock, valued at $6,989,562. The trade was a 5.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Joseph Sanborn also recently made the following trade(s):

• On Thursday, April 2nd, Joseph Sanborn sold 650 shares of EverQuote stock. The shares were sold at an average price of $14.42, for a total transaction of $9,373.00.

EverQuote Stock Down 0.5%

EVER opened at $20.50 on Friday. The stock has a market cap of $738.62 million, a P/E ratio of 6.97 and a beta of 0.56. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73. The company has a fifty day simple moving average of $16.22 and a 200 day simple moving average of $20.83.

EverQuote (NASDAQ:EVER) last posted its earnings results 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. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The firm had revenue of $190.85 million for the quarter, compared to analyst estimates of $180.10 million. During the same period in the previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. On average, equities research analysts expect that EverQuote, Inc. will post 2.02 earnings per share for the current fiscal year.

Key Stories Impacting EverQuote

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote’s latest earnings beat expectations, with Q1 EPS of $0.51 versus $0.43 expected and revenue of $190.85 million versus $180.10 million estimated. The company also posted 14.6% year-over-year revenue growth, reinforcing the view that its insurance marketplace is still growing profitably. Article Title
• Positive Sentiment: Analysts have been adjusting higher after the report, including Needham reaffirming a Buy rating and JPMorgan raising its price target to $24. These updates suggest Wall Street sees the earnings strength as sustainable. Article Title
• Positive Sentiment: Management is also presenting at upcoming investor conferences, which may help keep attention on the stock and give the company another chance to highlight its growth and AI-driven efficiency gains. Article Title
• Neutral Sentiment: Insider sales by CTO David Brainard and CAO Jon Ayotte may have modestly weighed on sentiment, but the transactions were relatively small compared with their remaining holdings and do not appear to signal a major change in the company’s outlook. Article Title

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank raised its position in EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after buying an additional 772 shares during the last quarter. Versant Capital Management Inc boosted its position in EverQuote by 108.9% during the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after acquiring an additional 601 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of EverQuote during the 3rd quarter worth approximately $52,000. Clearstead Advisors LLC grew its stake in shares of 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. Finally, Jones Financial Companies Lllp raised its holdings in shares of EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock valued at $62,000 after purchasing an additional 2,246 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EVER shares. Craig Hallum reiterated a “buy” rating and issued a $20.00 price objective on shares of EverQuote in a research report on Tuesday, February 24th. Zacks Research lowered shares of EverQuote from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. upped their price target on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Wall Street Zen downgraded shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings lowered shares of EverQuote from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $24.17.

EverQuote Company Profile

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.