Key Points
- Jayme Mendal sold 14,360 EverQuote shares on Jan. 20 at an average price of $24.15 for $346,794, reducing their position by 3.41% to 406,404 shares, according to an SEC filing.
- EverQuote beat Q results (EPS $0.50 vs. $0.37; revenue $173.94M, +20.3% YoY), trades near $24 with a market cap of ~$866M, and carries an average analyst Buy rating with a $34 consensus target.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CEO Jayme Mendal sold 14,360 shares of EverQuote stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $24.15, for a total transaction of $346,794.00. Following the sale, the chief executive officer owned 406,404 shares in the company, valued at approximately $9,814,656.60. The trade was a 3.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Jayme Mendal also recently made the following trade(s):
- On Monday, December 22nd, Jayme Mendal sold 14,360 shares of EverQuote stock. The stock was sold at an average price of $27.25, for a total transaction of $391,310.00.
- 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 transaction of $338,178.00.
EverQuote Stock Up 1.2%
Shares of EVER stock opened at $24.09 on Thursday. The company's fifty day simple moving average is $26.12 and its two-hundred day simple moving average is $24.34. EverQuote, Inc. has a 52 week low of $17.35 and a 52 week high of $30.03. The stock has a market cap of $866.28 million, a P/E ratio of 16.85 and a beta of 0.46.
EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, beating 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 firm had revenue of $173.94 million during the quarter, compared to analyst estimates of $166.09 million. During the same quarter last year, the business posted $0.31 earnings per share. The business's quarterly revenue was up 20.3% compared to the same quarter last year. On average, analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have recently issued reports on EVER shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of EverQuote in a report on Wednesday, October 8th. Zacks Research upgraded shares of EverQuote from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. increased their price objective on shares of EverQuote from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Friday, December 12th. Needham & Company LLC lifted their price objective on shares of EverQuote from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen cut shares of EverQuote from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 1st. One research analyst has 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 MarketBeat, EverQuote currently has an average rating of "Buy" and a consensus target price of $34.00.
Get Our Latest Report on EverQuote
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of EVER. Vanguard Group Inc. lifted its holdings in shares of EverQuote by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,201,338 shares of the company's stock worth $50,345,000 after acquiring an additional 123,728 shares during the last quarter. Acadian Asset Management LLC raised its position in EverQuote by 1.2% in the 2nd quarter. Acadian Asset Management LLC now owns 866,481 shares of the company's stock worth $20,939,000 after purchasing an additional 10,233 shares during the period. Qube Research & Technologies Ltd lifted its stake in EverQuote by 27.3% in the second quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company's stock worth $19,347,000 after purchasing an additional 171,787 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in EverQuote by 3.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 727,956 shares of the company's stock worth $16,648,000 after purchasing an additional 26,980 shares during the last quarter. Finally, Emerald Advisers LLC boosted its position in shares of EverQuote by 11.2% during the third quarter. Emerald Advisers LLC now owns 689,253 shares of the company's stock valued at $15,763,000 after buying an additional 69,668 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.
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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