EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn Sells 745 Shares

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 745 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $18.34, for a total value of $13,663.30. Following the completion of the transaction, the chief financial officer now owns 199,382 shares in the company, valued at $3,656,665.88. This represents a 0.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, October 2nd, Joseph Sanborn sold 1,071 shares of EverQuote stock. The stock was sold at an average price of $20.22, for a total value of $21,655.62.

EverQuote Stock Performance

Shares of NASDAQ EVER opened at $18.98 on Friday. The stock has a market cap of $670.94 million, a PE ratio of 56.94 and a beta of 1.06. The business has a fifty day moving average of $19.71 and a two-hundred day moving average of $21.70. EverQuote, Inc. has a 52-week low of $8.44 and a 52-week high of $28.09.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. During the same period in the previous year, the business posted ($0.40) earnings per share. The firm’s revenue for the quarter was up 162.7% compared to the same quarter last year. Analysts predict that EverQuote, Inc. will post 0.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on EVER. B. Riley dropped their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC raised their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, Craig Hallum raised their price objective on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $28.50.

Institutional Trading of EverQuote

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVER. Russell Investments Group Ltd. raised its holdings in EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after purchasing an additional 293,404 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in EverQuote during the 1st quarter worth about $211,000. Vanguard Group Inc. raised its holdings in EverQuote by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after purchasing an additional 30,577 shares during the last quarter. Acadian Asset Management LLC raised its holdings in EverQuote by 206.9% during the 1st quarter. Acadian Asset Management LLC now owns 318,144 shares of the company’s stock worth $5,903,000 after purchasing an additional 214,486 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of EverQuote during the 1st quarter worth about $2,167,000. 91.54% of the stock is owned by institutional investors.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.