Jayme Mendal Sells 65,117 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 65,117 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $28.07, for a total transaction of $1,827,834.19. Following the completion of the transaction, the chief executive officer now owns 619,156 shares of the company’s stock, valued at approximately $17,379,708.92. The trade was a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

EverQuote Stock Up 2.4 %

NASDAQ EVER opened at $28.71 on Friday. The firm has a market capitalization of $1.03 billion, a P/E ratio of 84.44 and a beta of 1.01. The company has a 50-day moving average price of $22.60 and a 200-day moving average price of $20.59. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $29.07.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.18. The business had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. As a group, equities research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EVER shares. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price objective on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group dropped their target price on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $32.33.

Institutional Trading of EverQuote

Several hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its position in shares of EverQuote by 11.8% during the 4th quarter. California State Teachers Retirement System now owns 24,781 shares of the company’s stock valued at $495,000 after buying an additional 2,624 shares in the last quarter. Mackenzie Financial Corp raised its stake in EverQuote by 65.3% during the 4th quarter. Mackenzie Financial Corp now owns 104,303 shares of the company’s stock worth $2,085,000 after acquiring an additional 41,222 shares during the period. Warm Springs Advisors Inc. purchased a new position in EverQuote during the fourth quarter valued at approximately $1,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of EverQuote by 34.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company’s stock worth $950,000 after purchasing an additional 12,118 shares during the period. Finally, Squarepoint Ops LLC increased its stake in shares of EverQuote by 47.2% in the fourth quarter. Squarepoint Ops LLC now owns 371,595 shares of the company’s stock worth $7,428,000 after purchasing an additional 119,189 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

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.