Insider Selling: EverQuote (NASDAQ:EVER) CEO Sells 20,981 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 20,981 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $24.27, for a total value of $509,208.87. Following the sale, the chief executive officer owned 591,160 shares in the company, valued at $14,347,453.20. The trade was a 3.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

EverQuote Price Performance

EVER stock traded down $0.45 during mid-day trading on Thursday, reaching $22.89. The company had a trading volume of 834,360 shares, compared to its average volume of 820,477. The stock has a 50 day simple moving average of $25.10 and a two-hundred day simple moving average of $20.67. The company has a market capitalization of $824.73 million, a price-to-earnings ratio of 7.43 and a beta of 0.67. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in shares of EverQuote by 28.9% during the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock worth $14,517,000 after buying an additional 211,360 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of EverQuote by 47.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after acquiring an additional 293,160 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of EverQuote by 1.8% in the first quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company’s stock valued at $11,470,000 after acquiring an additional 13,276 shares in the last quarter. Dimensional Fund Advisors LP increased its position in EverQuote by 37.7% during the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock worth $10,728,000 after acquiring an additional 190,438 shares during the period. Finally, UBS Group AG increased its position in EverQuote by 7.0% during the fourth quarter. UBS Group AG now owns 251,054 shares of the company’s stock worth $6,778,000 after acquiring an additional 16,360 shares during the period. Institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. B. Riley Financial reissued a “buy” rating and issued a $34.00 price objective (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Needham & Company LLC raised their target price on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Zacks Research downgraded EverQuote from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. started coverage on shares of EverQuote in a research note on Monday, August 24th. They set an “overweight” rating and a $29.00 target price for the company. Six investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.17.

About EverQuote

EverQuote, Inc (NASDAQ: EVER) operates an online insurance marketplace that connects consumers with insurance providers and agents. The company uses data, technology and digital marketing to help shoppers compare insurance options and connect with providers that may be able to meet their coverage needs.

EverQuote’s marketplace has primarily focused on auto insurance and has also supported shopping for home, renters, life, health and commercial insurance products. Its platform provides insurance companies and agencies with consumer leads and customer-acquisition solutions designed to help them reach prospective policyholders.

Founded in 2011 and headquartered in Cambridge, Massachusetts, EverQuote serves consumers and insurance providers in the United States.