EverQuote (NASDAQ:EVER) CFO Sells $12,696.93 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 639 shares of the company’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $19.87, for a total transaction of $12,696.93. Following the sale, the chief financial officer directly owned 292,826 shares in the company, valued at $5,818,452.62. This represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, August 10th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The stock was sold at an average price of $25.51, for a total transaction of $170,075.17.
• On Wednesday, July 8th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The shares were sold at an average price of $24.63, for a total transaction of $164,208.21.

EverQuote Price Performance

Shares of EVER opened at $19.39 on Thursday. The company has a market capitalization of $698.62 million, a P/E ratio of 6.30 and a beta of 0.68. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The business’s 50 day simple moving average is $23.31 and its 200-day simple moving average is $21.06.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The business had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. During the same period in the prior year, the company earned $0.39 EPS. EverQuote’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, sell-side analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Needham & Company LLC raised their target price on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Raymond James Financial reiterated an “outperform” rating and set a $28.00 price target on shares of EverQuote in a research report on Thursday, August 13th. Wall Street Zen lowered shares of EverQuote from a “buy” rating to a “hold” rating in a report on Sunday, September 20th. Zacks Research upgraded shares of EverQuote from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, 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 note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

Institutional Investors Weigh In On EverQuote

Several hedge funds and other institutional investors have recently made changes to their positions in EVER. Signature Equity Partners LLC raised its holdings in EverQuote by 65.5% in the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after purchasing an additional 842 shares during the period. Allworth Financial LP grew its holdings in shares of EverQuote by 63.7% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after buying an additional 997 shares during the period. Sigma Planning Corp increased its position in shares of EverQuote by 11.9% in the 1st quarter. Sigma Planning Corp now owns 10,560 shares of the company’s stock valued at $163,000 after buying an additional 1,125 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of EverQuote by 4.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 28,299 shares of the company’s stock valued at $673,000 after buying an additional 1,187 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of EverQuote by 3.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 37,732 shares of the company’s stock valued at $898,000 after buying an additional 1,278 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

About EverQuote

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.