EverQuote (NASDAQ:EVER) Director George Neble Sells 2,456 Shares

EverQuote, Inc. (NASDAQ:EVER) Director George Neble sold 2,456 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $24.64, for a total transaction of $60,515.84. Following the completion of the sale, the director directly owned 58,140 shares of the company’s stock, valued at approximately $1,432,569.60. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

EverQuote Price Performance

Shares of EVER stock traded up $0.33 during trading on Friday, hitting $25.24. 456,058 shares of the stock traded hands, compared to its average volume of 846,982. The firm has a market capitalization of $909.40 million, a P/E ratio of 8.19 and a beta of 0.62. The firm’s fifty day moving average price is $24.16 and its 200-day moving average price is $19.51. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The company had revenue of $195.09 million during the quarter, compared to analyst estimates of $191.06 million. During the same period in the prior year, the business posted $0.39 earnings per share. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, equities research analysts expect that EverQuote, Inc. will post 1.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Needham & Company LLC lifted their target price on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. lifted 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. Wall Street Zen lowered EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. B. Riley Financial reaffirmed a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Finally, Zacks Research lowered shares of EverQuote from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, EverQuote has an average rating of “Moderate Buy” and an average target price of $27.33.

Hedge Funds Weigh In On EverQuote

Several institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in EverQuote by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after acquiring an additional 624 shares in the last quarter. Cetera Investment Advisers boosted its stake in EverQuote by 4.3% in the second quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock valued at $392,000 after acquiring an additional 675 shares in the last quarter. Comerica Bank lifted its holdings in shares of 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 purchasing an additional 772 shares during the last quarter. Legal & General Group Plc boosted its position in shares of EverQuote by 3.3% in the 3rd quarter. Legal & General Group Plc now owns 24,301 shares of the company’s stock valued at $556,000 after purchasing an additional 776 shares during the period. Finally, Zacks Investment Management grew its stake in EverQuote by 1.2% during the 4th quarter. Zacks Investment Management now owns 66,281 shares of the company’s stock worth $1,790,000 after buying an additional 782 shares during the last quarter. Institutional investors and hedge funds 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.