Jayme Mendal Sells 14,360 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $27.25, for a total transaction of $391,310.00. Following the completion of the sale, the chief executive officer owned 438,052 shares in the company, valued at approximately $11,936,917. This trade represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jayme Mendal also recently made the following trade(s):

• On Thursday, November 20th, Jayme Mendal sold 14,360 shares of EverQuote stock. The stock was sold at an average price of $23.55, for a total transaction of $338,178.00.
• On Monday, October 20th, Jayme Mendal sold 14,360 shares of EverQuote stock. The shares were sold at an average price of $19.46, for a total transaction of $279,445.60.

EverQuote Trading Up 0.2%

EVER stock opened at $26.79 on Thursday. EverQuote, Inc. has a 12-month low of $17.20 and a 12-month high of $30.03. The business’s 50-day moving average is $24.66 and its 200 day moving average is $24.18. The stock has a market cap of $963.19 million, a price-to-earnings ratio of 18.73 and a beta of 0.46.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.13. The business had revenue of $173.94 million for the quarter, compared to the consensus estimate of $166.09 million. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The business’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share. As a group, equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On EverQuote

A number of institutional investors have recently bought and sold shares of the company. Comerica Bank grew its stake in shares of EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after buying an additional 772 shares during the period. Versant Capital Management Inc lifted its holdings in EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock valued at $26,000 after acquiring an additional 601 shares during the last quarter. NewEdge Advisors LLC purchased a new position in EverQuote in the third quarter worth approximately $52,000. Jones Financial Companies Lllp grew its position in EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after acquiring an additional 2,246 shares during the period. Finally, Ameritas Investment Partners Inc. increased its stake in EverQuote by 25.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock worth $68,000 after acquiring an additional 573 shares during the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EVER shares. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Needham & Company LLC increased their price objective on shares of EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Wall Street Zen lowered shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Zacks Research upgraded EverQuote from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $34.25.

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.