EverQuote (NASDAQ:EVER) CFO Joseph Sanborn Sells 6,666 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 6,666 shares of EverQuote stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.28, for a total value of $128,520.48. Following the transaction, the chief financial officer directly owned 327,820 shares of the company’s stock, valued at $6,320,369.60. This trade represents a 1.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, May 7th, Joseph Sanborn sold 20,000 shares of EverQuote stock. The stock was sold at an average price of $20.70, for a total value of $414,000.00.
• On Thursday, April 2nd, Joseph Sanborn sold 650 shares of EverQuote stock. The stock was sold at an average price of $14.42, for a total value of $9,373.00.

EverQuote Stock Up 2.2%

NASDAQ:EVER opened at $19.82 on Thursday. The company has a market capitalization of $714.11 million, a PE ratio of 6.74 and a beta of 0.65. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73. The stock has a fifty day simple moving average of $17.62 and a 200-day simple moving average of $20.18.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping 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 return on equity of 53.39% and a net margin of 15.35%.The business’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. As a group, equities analysts anticipate that EverQuote, Inc. will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of EverQuote by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company’s stock valued at $59,980,000 after acquiring an additional 20,156 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of EverQuote by 28.9% during the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after acquiring an additional 211,360 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of EverQuote by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after acquiring an additional 293,160 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of EverQuote by 81.7% during the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company’s stock valued at $24,333,000 after acquiring an additional 405,237 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in shares of EverQuote by 27.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company’s stock valued at $23,644,000 after acquiring an additional 188,335 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

EVER has been the subject of several analyst reports. Canaccord Genuity Group cut their target price on shares of EverQuote from $33.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Wall Street Zen raised shares of EverQuote from a “hold” rating to a “buy” rating in a research note on Sunday, May 31st. Craig Hallum reissued a “buy” rating and issued a $20.00 target price on shares of EverQuote in a research note on Tuesday, February 24th. Raymond James Financial reissued an “outperform” rating and issued a $18.00 target price on shares of EverQuote in a research note on Tuesday, February 17th. Finally, B. Riley Financial cut their target price on shares of EverQuote from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, February 24th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $24.17.

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.