Insider Selling: EverQuote (NASDAQ:EVER) Director Sells $82,495.14 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director John Shields sold 3,126 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $26.39, for a total transaction of $82,495.14. Following the completion of the sale, the director directly owned 31,198 shares in the company, valued at approximately $823,315.22. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

EverQuote Trading Up 3.4%

Shares of NASDAQ:EVER opened at $25.66 on Friday. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73. The company has a market capitalization of $924.53 million, a PE ratio of 8.33 and a beta of 0.62. The business has a 50 day moving average of $24.85 and a two-hundred day moving average of $19.80.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities research analysts predict that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of EverQuote by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after purchasing an additional 624 shares during the period. Cetera Investment Advisers grew its position in shares of EverQuote by 4.3% in the second quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock valued at $392,000 after purchasing an additional 675 shares during the period. Comerica Bank grew its position 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 purchasing an additional 772 shares during the period. Legal & General Group Plc increased its stake in EverQuote by 3.3% in the third quarter. Legal & General Group Plc now owns 24,301 shares of the company’s stock valued at $556,000 after purchasing an additional 776 shares during the last quarter. Finally, Zacks Investment Management increased its stake in EverQuote by 1.2% in the fourth quarter. Zacks Investment Management now owns 66,281 shares of the company’s stock valued at $1,790,000 after purchasing an additional 782 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EVER has been the subject of a number of recent research reports. Zacks Research downgraded shares of EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. JPMorgan Chase & Co. assumed coverage on EverQuote in a report on Monday, August 24th. They set an “overweight” rating and a $29.00 target price on the stock. Needham & Company LLC upped their price target on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. B. Riley Financial reaffirmed a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $28.00 price objective on shares of EverQuote in a research report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

About EverQuote

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.