EverQuote (NASDAQ:EVER) Director Sells $60,515.84 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director George Neble sold 2,456 shares of the business’s stock in a transaction 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website.

EverQuote Stock Performance

EverQuote stock opened at $25.24 on Monday. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The company has a 50-day simple moving average of $24.26 and a 200-day simple moving average of $19.53. The firm has a market capitalization of $909.40 million, a P/E ratio of 8.19 and a beta of 0.62.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $195.09 million during the quarter, compared to analysts’ expectations of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. EverQuote’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. As a group, sell-side analysts forecast that EverQuote, Inc. will post 1.72 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a report on Wednesday, August 12th. Zacks Research cut shares of EverQuote from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $28.00 price target on shares of EverQuote in a research note on Thursday, August 13th. Needham & Company LLC increased their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen lowered shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.33.

Hedge Funds Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Lazard Asset Management LLC raised 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 worth $24,333,000 after purchasing an additional 405,237 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of EverQuote by 110.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company’s stock valued at $15,720,000 after buying an additional 361,082 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of EverQuote by 95.1% in the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company’s stock valued at $15,853,000 after buying an additional 319,618 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in EverQuote by 47.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after buying an additional 293,160 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 buying an additional 292,172 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 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.