Insider Selling: EverQuote (NASDAQ:EVER) CAO Sells $38,010.92 in Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 1,436 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $26.47, for a total transaction of $38,010.92. Following the transaction, the chief accounting officer directly owned 74,272 shares in the company, valued at $1,965,979.84. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Jon Ayotte also recently made the following trade(s):

• On Monday, July 6th, Jon Ayotte sold 881 shares of EverQuote stock. The shares were sold at an average price of $24.96, for a total transaction of $21,989.76.
• On Wednesday, July 1st, Jon Ayotte sold 4,611 shares of EverQuote stock. The stock was sold at an average price of $24.15, for a total transaction of $111,355.65.
• On Monday, June 1st, Jon Ayotte sold 889 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total value of $17,780.00.

EverQuote Trading Up 3.4%

EverQuote stock opened at $25.66 on Friday. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The stock has a 50 day moving average of $24.85 and a two-hundred day moving average of $19.80. The stock has a market capitalization of $924.53 million, a price-to-earnings ratio of 8.33 and a beta of 0.62.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. Equities analysts predict that EverQuote, Inc. will post 1.72 earnings per share for the current year.

Institutional Investors Weigh In On EverQuote

Several institutional investors have recently modified their holdings of EVER. Jacobs Asset Management LLC increased its holdings in EverQuote by 199.9% during the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after acquiring an additional 268,819 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of EverQuote by 37.7% in the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock valued at $10,728,000 after purchasing an additional 190,438 shares during the last quarter. Legato Capital Management LLC grew its position in shares of EverQuote by 179.9% in the fourth quarter. Legato Capital Management LLC now owns 86,717 shares of the company’s stock valued at $2,341,000 after purchasing an additional 55,741 shares during the last quarter. K.J. Harrison & Partners Inc increased its stake in shares of EverQuote by 539.0% during the 1st quarter. K.J. Harrison & Partners Inc now owns 63,900 shares of the company’s stock worth $985,000 after purchasing an additional 53,900 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of EverQuote by 219.1% during the 1st quarter. Principal Financial Group Inc. now owns 137,574 shares of the company’s stock worth $2,121,000 after purchasing an additional 94,467 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. B. Riley Financial reissued a “buy” rating and set a $34.00 price target (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Wall Street Zen downgraded EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Needham & Company LLC raised their price target on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Zacks Research lowered EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Six 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’s stock. According to MarketBeat, EverQuote currently has a consensus rating of “Moderate Buy” and an average target price of $28.17.

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.