EverQuote (NASDAQ:EVER) Director George Neble Sells 2,456 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) Director George Neble sold 2,456 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $24.64, for a total value of $60,515.84. Following the sale, the director owned 58,140 shares of the company’s stock, valued at $1,432,569.60. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

EverQuote Price Performance

NASDAQ:EVER opened at $25.24 on Friday. The firm’s fifty day moving average price is $24.26 and its 200 day moving average price is $19.55. EverQuote, Inc. has a 1-year low of $13.88 and a 1-year high of $28.73. The firm has a market cap of $909.40 million, a price-to-earnings ratio of 8.19 and a beta of 0.62.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of EverQuote in a research report on Wednesday, August 12th. Zacks Research cut EverQuote from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and set a $28.00 target price on shares of EverQuote in a research note on Thursday, August 13th. B. Riley Financial reissued 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, Wall Street Zen downgraded EverQuote from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, EverQuote currently has an average rating of “Moderate Buy” and an average price target of $27.33.

Institutional Investors Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 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. Signature Equity Partners LLC increased its stake in EverQuote by 65.5% in the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after purchasing an additional 842 shares in the last quarter. NewEdge Advisors LLC purchased a new position in EverQuote in the 3rd quarter valued at approximately $52,000. Clearstead Advisors LLC raised its holdings in EverQuote by 70.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after purchasing an additional 826 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in EverQuote by 271.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $79,000 after purchasing an additional 2,381 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.