Key Points
- Director sale: EverQuote Director John Shields sold 2,000 shares on January 12 at an average price of $25.73 for $51,460, trimming his stake by 7.35% to 25,219 shares valued at about $648,885.
- Recent results: EverQuote reported last-quarter EPS of $0.50 (vs. $0.37 consensus) and revenue of $173.94M, up 20.3% year-over-year; the stock trades near $25 with a market cap of roughly $903M and a PE of 17.6.
- Analyst outlook: The consensus rating is “Buy” with a $34 price target, and several firms (including JPMorgan and Needham) have recently raised price targets or maintained positive ratings.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director George Neble sold 671 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $25.73, for a total transaction of $17,264.83. Following the completion of the sale, the director owned 52,161 shares in the company, valued at $1,342,102.53. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
EverQuote Stock Performance
Shares of EVER opened at $25.12 on Thursday. The company has a market capitalization of $903.32 million, a price-to-earnings ratio of 17.57 and a beta of 0.46. EverQuote, Inc. has a 1 year low of $17.35 and a 1 year high of $30.03. The company's 50 day simple moving average is $26.24 and its 200 day simple moving average is $24.32.
EverQuote (NASDAQ:EVER - Get Free Report) last released its 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. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The firm had revenue of $173.94 million during the quarter, compared to the consensus estimate of $166.09 million. During the same period in the previous year, the firm earned $0.31 earnings per share. EverQuote's revenue was up 20.3% compared to the same quarter last year. Equities analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.
Institutional Investors Weigh In On EverQuote
Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in EverQuote by 37.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 475,691 shares of the company's stock worth $10,546,000 after purchasing an additional 128,426 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in EverQuote in the third quarter valued at about $1,100,000. Acadian Asset Management LLC grew its holdings in shares of EverQuote by 1.2% during the 2nd quarter. Acadian Asset Management LLC now owns 866,481 shares of the company's stock valued at $20,939,000 after purchasing an additional 10,233 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of EverQuote during the second quarter worth $715,000. Finally, Sigma Planning Corp increased its holdings in EverQuote by 212.5% in the 2nd quarter. Sigma Planning Corp now owns 34,517 shares of the company's stock worth $835,000 after purchasing an additional 23,472 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on EVER shares. Zacks Research raised shares of EverQuote from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of EverQuote in a research report on Wednesday, October 8th. Wall Street Zen cut EverQuote from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Friday, December 12th. Finally, Needham & Company LLC upped their price objective on EverQuote from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $34.00.
Read Our Latest Report on EverQuote
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
