Key Points
- Joseph Sanborn, EverQuote's CFO, sold 1,063 shares on Jan. 5 at an average price of $23.21 for $24,672, reducing his holding by 0.44% to 239,942 shares (≈$5.57M); he previously sold 512 shares on Nov. 18 at $24.54.
- Company fundamentals and analyst view: EverQuote reported $0.50 EPS (vs. $0.37 est.) and revenue of $173.94M (+20.3% YoY), has a market cap of about $898M and a PE of 17.46, and carries a consensus "Buy" rating with an average price target of $34.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CFO Joseph Sanborn sold 1,063 shares of the firm's stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $23.21, for a total value of $24,672.23. Following the completion of the sale, the chief financial officer directly owned 239,942 shares in the company, valued at approximately $5,569,053.82. This trade represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Joseph Sanborn also recently made the following trade(s):
- On Tuesday, November 18th, Joseph Sanborn sold 512 shares of EverQuote stock. The stock was sold at an average price of $24.54, for a total value of $12,564.48.
EverQuote Price Performance
Shares of NASDAQ EVER opened at $24.97 on Wednesday. The firm has a market capitalization of $897.92 million, a PE ratio of 17.46 and a beta of 0.46. EverQuote, Inc. has a 1-year low of $17.20 and a 1-year high of $30.03. The business's fifty day moving average price is $25.82 and its two-hundred day moving average price is $24.25.
EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.37 by $0.13. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The business had revenue of $173.94 million during the quarter, compared to analyst estimates of $166.09 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The company's quarterly revenue was up 20.3% on a year-over-year basis. Equities research analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.
Institutional Trading of EverQuote
Institutional investors have recently modified their holdings of the company. Comerica Bank boosted its stake in EverQuote by 235.4% during the third quarter. Comerica Bank now owns 1,100 shares of the company's stock valued at $25,000 after buying an additional 772 shares in the last quarter. Versant Capital Management Inc lifted its holdings in EverQuote by 108.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company's stock valued at $26,000 after acquiring an additional 601 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of EverQuote during the 3rd quarter valued at about $52,000. Jones Financial Companies Lllp boosted its position in shares of EverQuote by 595.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company's stock valued at $62,000 after purchasing an additional 2,246 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of EverQuote by 25.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,796 shares of the company's stock worth $68,000 after purchasing an additional 573 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut EverQuote from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 1st. Needham & Company LLC lifted their target price on EverQuote from $38.00 to $40.00 and gave the company a "buy" rating in a research note on Tuesday, November 4th. Zacks Research raised EverQuote from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a "hold (c)" rating on shares of EverQuote in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of EverQuote from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, EverQuote presently has a consensus rating of "Buy" and an average price target of $34.00.
Read Our Latest Research Report on EVER
EverQuote Company Profile
(
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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