EverQuote (NASDAQ:EVER) CFO Joseph Sanborn Sells 642 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 642 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $24.50, for a total value of $15,729.00. Following the completion of the sale, the chief financial officer owned 318,575 shares in the company, valued at $7,805,087.50. This represents a 0.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Joseph Sanborn also recently made the following trade(s):

• On Monday, June 8th, Joseph Sanborn sold 6,666 shares of EverQuote stock. The stock was sold at an average price of $19.28, for a total value of $128,520.48.
• On Thursday, May 7th, Joseph Sanborn sold 20,000 shares of EverQuote stock. The stock was sold at an average price of $20.70, for a total value of $414,000.00.

EverQuote Stock Performance

EVER traded down $0.47 during trading hours on Wednesday, reaching $24.80. The company’s stock had a trading volume of 774,046 shares, compared to its average volume of 892,690. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73. The company’s 50-day moving average is $20.08 and its 200-day moving average is $19.55. The firm has a market cap of $893.54 million, a PE ratio of 8.44 and a beta of 0.61.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, May 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm had revenue of $190.85 million during the quarter, compared to analysts’ expectations of $180.10 million. During the same period in the previous year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities analysts anticipate that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. boosted their price objective on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of EverQuote in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.17.

Institutional Investors Weigh In On EverQuote

A number of institutional investors have recently modified their holdings of EVER. Comerica Bank grew its stake in shares of EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after acquiring an additional 772 shares in the last quarter. Signature Equity Partners LLC increased its position in EverQuote by 65.5% during the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after acquiring an additional 842 shares during the period. NewEdge Advisors LLC acquired a new stake in EverQuote in the 3rd quarter worth about $52,000. Clearstead Advisors LLC raised its stake in EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after purchasing an additional 826 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in EverQuote by 271.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after purchasing an additional 2,381 shares during the period. 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.