Jayme Mendal Sells 5,750 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 5,750 shares of EverQuote stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $18.01, for a total value of $103,557.50. Following the sale, the chief executive officer now owns 463,957 shares of the company’s stock, valued at approximately $8,355,865.57. The transaction was disclosed in a document filed with the SEC, which is available at this link.

EverQuote Price Performance

NASDAQ EVER opened at $18.75 on Thursday. The firm has a market capitalization of $641.81 million, a P/E ratio of -12.18 and a beta of 0.88. EverQuote, Inc. has a 1-year low of $5.36 and a 1-year high of $20.34. The business’s 50-day simple moving average is $15.43 and its 200-day simple moving average is $11.25.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, February 26th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.12. The business had revenue of $55.71 million for the quarter, compared to analyst estimates of $49.89 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. On average, equities research analysts expect that EverQuote, Inc. will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On EverQuote

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in EverQuote during the 4th quarter worth approximately $42,000. Advisor Group Holdings Inc. increased its holdings in shares of EverQuote by 398.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock valued at $48,000 after acquiring an additional 2,392 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of EverQuote in the 4th quarter valued at approximately $40,000. Quarry LP bought a new stake in shares of EverQuote in the 1st quarter valued at approximately $53,000. Finally, Ensign Peak Advisors Inc bought a new stake in shares of EverQuote in the 1st quarter valued at approximately $80,000. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on EVER. Needham & Company LLC lifted their price objective on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Craig Hallum assumed coverage on EverQuote in a research note on Tuesday, December 5th. They issued a “buy” rating and a $16.00 price target on the stock. Raymond James raised EverQuote from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research note on Tuesday, December 12th. JPMorgan Chase & Co. raised their price target on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Finally, B. Riley raised their price target on EverQuote from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.80.

About EverQuote

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.