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

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 14,360 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $24.15, for a total value of $346,794.00. Following the completion of the sale, the chief executive officer directly owned 406,404 shares of the company’s stock, valued at $9,814,656.60. The trade was a 3.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, December 22nd, Jayme Mendal sold 14,360 shares of EverQuote stock. The shares were sold at an average price of $27.25, for a total transaction of $391,310.00.
• 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 value of $338,178.00.

EverQuote Price Performance

EVER traded up $0.28 on Wednesday, reaching $24.09. 569,552 shares of the stock were exchanged, compared to its average volume of 456,050. The company’s 50-day moving average price is $26.15 and its 200 day moving average price is $24.34. The firm has a market capitalization of $866.28 million, a PE ratio of 16.85 and a beta of 0.46. EverQuote, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $30.03.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data 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. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The business had revenue of $173.94 million for the quarter, compared to analyst estimates of $166.09 million. During the same period in the prior year, the company earned $0.31 earnings per share. The company’s revenue was up 20.3% on a year-over-year basis. As a group, equities analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVER. Comerica Bank boosted its stake in shares of EverQuote by 235.4% during the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after acquiring an additional 772 shares in the last quarter. Versant Capital Management Inc raised its holdings in EverQuote by 108.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after purchasing an additional 601 shares during the period. NewEdge Advisors LLC acquired a new position in EverQuote in the 3rd quarter worth about $52,000. Jones Financial Companies Lllp boosted its position in EverQuote by 595.8% during the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after purchasing an additional 2,246 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its holdings in EverQuote by 25.8% in the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company’s stock valued at $68,000 after purchasing an additional 573 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.