Key Points
- CEO Jayme Mendal sold 14,360 shares on December 22 at an average price of $27.25 for proceeds of $391,310, leaving him with 438,052 shares (a 3.17% reduction in his stake).
- The December sale is part of a pattern of identical insider disposals on October 20 and November 20 (each 14,360 shares sold at $19.46 and $23.55, respectively), indicating systematic selling over recent months.
- EverQuote recently beat quarterly estimates (Q3 EPS $0.50 vs. $0.37 expected; revenue $173.94M vs. $166.09M, up 20.3% YoY) and holds a consensus analyst rating of "Buy" with a $34.25 price target.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CEO Jayme Mendal sold 14,360 shares of the firm's stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $27.25, for a total transaction of $391,310.00. Following the sale, the chief executive officer directly owned 438,052 shares of the company's stock, valued at approximately $11,936,917. The trade was a 3.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Jayme Mendal also recently made the following trade(s):
- On Thursday, November 20th, Jayme Mendal sold 14,360 shares of EverQuote stock. The shares were sold at an average price of $23.55, for a total value of $338,178.00.
- On Monday, October 20th, Jayme Mendal sold 14,360 shares of EverQuote stock. The shares were sold at an average price of $19.46, for a total value of $279,445.60.
EverQuote Stock Performance
EverQuote stock opened at $26.73 on Wednesday. The business's fifty day moving average is $24.54 and its two-hundred day moving average is $24.16. The firm has a market cap of $961.21 million, a P/E ratio of 18.69 and a beta of 0.46. EverQuote, Inc. has a 52 week low of $17.20 and a 52 week high of $30.03.
EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.13. The business had revenue of $173.94 million during the quarter, compared to analysts' expectations of $166.09 million. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The firm's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. On average, equities research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Wall Street Zen cut shares of EverQuote from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 1st. Zacks Research raised EverQuote from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 4th. Weiss Ratings reissued a "hold (c)" rating on shares of EverQuote in a research note on Wednesday, October 8th. Needham & Company LLC boosted 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. Finally, JPMorgan Chase & Co. upped their price target on EverQuote from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, EverQuote has a consensus rating of "Buy" and a consensus price target of $34.25.
Check Out Our Latest Research Report on EverQuote
Institutional Trading of EverQuote
A number of institutional investors have recently bought and sold shares of the business. Comerica Bank lifted its stake in shares of EverQuote by 235.4% in the 3rd 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. Versant Capital Management Inc increased its holdings in EverQuote by 108.9% in the third quarter. Versant Capital Management Inc now owns 1,153 shares of the company's stock valued at $26,000 after purchasing an additional 601 shares during the last quarter. NewEdge Advisors LLC acquired a new position in EverQuote in the third quarter valued at about $52,000. Jones Financial Companies Lllp lifted its stake in EverQuote by 595.8% in the third quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company's stock valued at $62,000 after buying an additional 2,246 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in EverQuote by 25.8% during the second quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company's stock worth $68,000 after buying an additional 573 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.
About EverQuote
(
Get Free Report)
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.
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