Insider Selling: EverQuote (NASDAQ:EVER) Director Sells $51,460.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director John Shields sold 2,000 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $25.73, for a total transaction of $51,460.00. Following the completion of the sale, the director owned 25,219 shares in the company, valued at $648,884.87. This represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

EverQuote Stock Performance

EVER stock opened at $24.76 on Friday. EverQuote, Inc. has a one year low of $17.35 and a one year high of $30.03. The company has a 50 day moving average price of $26.23 and a two-hundred day moving average price of $24.33. The stock has a market capitalization of $890.37 million, a P/E ratio of 17.31 and a beta of 0.46.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in EverQuote by 37.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 475,691 shares of the company’s stock worth $10,546,000 after acquiring an additional 128,426 shares during the period. D.A. Davidson & CO. bought a new position in shares of EverQuote during the 3rd quarter worth about $1,100,000. Acadian Asset Management LLC raised its position in shares of EverQuote by 1.2% during the second quarter. Acadian Asset Management LLC now owns 866,481 shares of the company’s stock valued at $20,939,000 after buying an additional 10,233 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of EverQuote during the second quarter valued at about $715,000. Finally, Sigma Planning Corp lifted its stake in shares of EverQuote by 212.5% in the second quarter. Sigma Planning Corp now owns 34,517 shares of the company’s stock valued at $835,000 after buying an additional 23,472 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

EVER has been the topic of several analyst reports. Needham & Company LLC raised their price target on shares of EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of EverQuote in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on EverQuote from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Zacks Research upgraded EverQuote from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen cut shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $34.00.

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.