Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CFO Sells $23,887.68 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 1,192 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $20.04, for a total transaction of $23,887.68. Following the transaction, the chief financial officer now directly owns 193,129 shares of the company’s stock, valued at $3,870,305.16. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, November 18th, Joseph Sanborn sold 745 shares of EverQuote stock. The stock was sold at an average price of $18.34, for a total transaction of $13,663.30.

EverQuote Price Performance

EverQuote stock opened at $18.93 on Friday. EverQuote, Inc. has a fifty-two week low of $10.21 and a fifty-two week high of $28.09. The firm has a market capitalization of $669.18 million, a PE ratio of 55.68 and a beta of 0.96. The company’s 50-day moving average is $18.78 and its 200-day moving average is $20.77.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. During the same quarter in the previous year, the business earned ($0.40) earnings per share. The business’s revenue was up 162.7% compared to the same quarter last year. As a group, analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. B. Riley cut their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Thursday, December 26th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $32.17.

Institutional Investors Weigh In On EverQuote

Hedge funds have recently added to or reduced their stakes in the business. Driehaus Capital Management LLC raised its position in shares of EverQuote by 9.1% in the second quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock valued at $42,478,000 after purchasing an additional 169,333 shares during the period. Emerald Advisers LLC raised its holdings in EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after acquiring an additional 399,257 shares during the period. Geode Capital Management LLC lifted its position in EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after acquiring an additional 56,114 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of EverQuote by 62.6% during the second quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock worth $10,786,000 after acquiring an additional 199,187 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its position in shares of EverQuote by 572.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after purchasing an additional 429,084 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.