EverQuote (NASDAQ:EVER) CAO Jon Ayotte Sells 4,611 Shares

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 4,611 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $24.15, for a total value of $111,355.65. Following the sale, the chief accounting officer owned 74,580 shares in the company, valued at approximately $1,801,107. The trade was a 5.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, June 1st, Jon Ayotte sold 889 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total value of $17,780.00.
• On Tuesday, May 26th, Jon Ayotte sold 888 shares of EverQuote stock. The stock was sold at an average price of $18.69, for a total value of $16,596.72.
• On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The shares were 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 shares were 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 shares were sold at an average price of $15.35, for a total transaction of $5,587.40.

EverQuote Stock Up 0.5%

Shares of NASDAQ EVER traded up $0.13 during trading on Thursday, reaching $24.86. 465,103 shares of the stock were exchanged, compared to its average volume of 896,128. The business’s 50-day moving average price is $19.34 and its 200 day moving average price is $19.61. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The company has a market capitalization of $895.71 million, a price-to-earnings ratio of 8.46 and a beta of 0.61.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, May 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.08. The business had revenue of $190.85 million during the quarter, compared to the consensus estimate of $180.10 million. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. As a group, sell-side analysts expect that EverQuote, Inc. will post 1.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of EverQuote by 1,705.9% in the 1st quarter. Royal Bank of Canada now owns 65,428 shares of the company’s stock valued at $1,713,000 after purchasing an additional 61,805 shares in the last quarter. Amundi bought a new position in EverQuote during the first quarter worth $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in EverQuote by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after purchasing an additional 624 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in EverQuote by 615.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after purchasing an additional 292,172 shares during the period. Finally, Creative Planning increased its stake in EverQuote by 32.4% during the second quarter. Creative Planning now owns 10,526 shares of the company’s stock valued at $255,000 after purchasing an additional 2,576 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EVER shares. Wall Street Zen upgraded EverQuote from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of EverQuote in a research note on Tuesday, May 5th. Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. raised their price objective on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, EverQuote presently has a consensus rating of “Moderate Buy” and a consensus price target 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.