Key Points
- Jon Ayotte, EverQuote's chief accounting officer, sold 3,639 shares on Dec. 1 at an average price of $26.76 for about $97,379.64, cutting his stake by 6.88% to 49,233 shares (valued ≈ $1.32M).
- EverQuote beat quarterly estimates, reporting $0.50 EPS versus $0.37 expected and revenue of $173.94M (up 20.3% year-over-year).
- Analysts are broadly positive with a consensus “Buy” rating and a $33.75 target; the company has a market cap of about $976M and a P/E of ~18.99.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CTO David Brainard sold 1,291 shares of the company's stock in a transaction on Friday, November 28th. The stock was sold at an average price of $26.40, for a total transaction of $34,082.40. Following the sale, the chief technology officer directly owned 112,661 shares of the company's stock, valued at approximately $2,974,250.40. This represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
David Brainard also recently made the following trade(s):
- On Tuesday, October 7th, David Brainard sold 5,710 shares of EverQuote stock. The stock was sold at an average price of $22.20, for a total transaction of $126,762.00.
EverQuote Price Performance
EverQuote stock opened at $27.15 on Wednesday. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm has a fifty day moving average price of $23.01 and a two-hundred day moving average price of $23.76. The firm has a market cap of $976.31 million, a price-to-earnings ratio of 18.99 and a beta of 0.46.
EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.13. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The business had revenue of $173.94 million for the quarter, compared to analyst estimates of $166.09 million. During the same period in the previous year, the company posted $0.31 earnings per share. The firm's revenue for the quarter was up 20.3% on a year-over-year basis. As a group, sell-side analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.
Hedge Funds Weigh In On EverQuote
Hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of EverQuote during the 1st quarter valued at about $441,000. Cetera Investment Advisers acquired a new position in EverQuote in the first quarter worth about $407,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in EverQuote by 42.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 219,188 shares of the company's stock worth $5,741,000 after purchasing an additional 64,816 shares during the period. Sierra Summit Advisors LLC grew its stake in shares of EverQuote by 24.4% in the 1st quarter. Sierra Summit Advisors LLC now owns 36,379 shares of the company's stock valued at $953,000 after purchasing an additional 7,124 shares during the period. Finally, Invesco Ltd. acquired a new position in shares of EverQuote in the 1st quarter worth approximately $558,000. Institutional investors and hedge funds own 91.54% of the company's stock.
Wall Street Analyst Weigh In
EVER has been the subject of several research reports. Wall Street Zen cut EverQuote from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $29.00 to $30.00 and gave the company an "overweight" rating in a report on Tuesday, November 4th. Zacks Research upgraded shares of EverQuote from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a "hold (c)" rating on shares of EverQuote in a research note on Wednesday, October 8th. Finally, Needham & Company LLC lifted their target price on EverQuote from $38.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $33.75.
View Our Latest Report on EverQuote
About EverQuote
(
Get Free Report)
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.
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