Key Points
- Jon Ayotte sold 1,730 shares of EverQuote on Feb. 25 at an average price of $15.56, reducing his stake by 1.97% to 86,202 shares valued at about $1.34M.
- EverQuote reported a strong quarter, delivering EPS of $1.54 versus $0.35 expected and revenue of $195.32M (up 32.3% year-over-year), boosting profitability metrics.
- Analysts trimmed targets but the consensus is still a Buy: several firms cut price objectives (e.g., Needham to $25, JPMorgan to $22) while MarketBeat’s consensus rating remains "Buy" with a $23.83 target.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CAO Jon Ayotte sold 1,730 shares of the firm's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $15.56, for a total value of $26,918.80. Following the completion of the sale, the chief accounting officer directly owned 86,202 shares of the company's stock, valued at approximately $1,341,303.12. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Jon Ayotte also recently made the following trade(s):
- On Monday, February 23rd, Jon Ayotte sold 321 shares of EverQuote stock. The shares were sold at an average price of $15.07, for a total transaction of $4,837.47.
- On Monday, January 5th, Jon Ayotte sold 675 shares of EverQuote stock. The stock was sold at an average price of $25.16, for a total transaction of $16,983.00.
- On Monday, December 1st, Jon Ayotte sold 3,639 shares of EverQuote stock. The shares were sold at an average price of $26.76, for a total transaction of $97,379.64.
EverQuote Trading Down 2.5%
Shares of NASDAQ:EVER traded down $0.41 during trading on Friday, hitting $16.08. 49,437 shares of the stock were exchanged, compared to its average volume of 936,159. The company has a fifty day moving average price of $21.87 and a two-hundred day moving average price of $23.14. The company has a market cap of $578.20 million, a PE ratio of 6.05 and a beta of 0.50. EverQuote, Inc. has a 12-month low of $13.93 and a 12-month high of $30.03.
EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings data on Monday, February 23rd. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $0.35 by $1.19. The firm had revenue of $195.32 million during the quarter, compared to the consensus estimate of $176.82 million. EverQuote had a return on equity of 57.65% and a net margin of 14.34%.EverQuote's quarterly revenue was up 32.3% on a year-over-year basis. During the same period last year, the business posted $0.33 EPS. Equities research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.
Institutional Investors Weigh In On EverQuote
Hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. lifted its stake in shares of EverQuote by 31.6% during the fourth quarter. Invesco Ltd. now owns 49,143 shares of the company's stock valued at $1,327,000 after buying an additional 11,808 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in shares of EverQuote by 40.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,343 shares of the company's stock worth $360,000 after purchasing an additional 3,813 shares during the last quarter. NewEdge Advisors LLC increased its stake in EverQuote by 484.3% in the fourth quarter. NewEdge Advisors LLC now owns 13,223 shares of the company's stock valued at $357,000 after purchasing an additional 10,960 shares during the last quarter. Zacks Investment Management lifted its position in EverQuote by 1.2% during the fourth quarter. Zacks Investment Management now owns 66,281 shares of the company's stock worth $1,790,000 after buying an additional 782 shares during the period. Finally, nVerses Capital LLC acquired a new stake in EverQuote in the 4th quarter worth about $265,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on EVER shares. Needham & Company LLC decreased their price objective on shares of EverQuote from $40.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday. Weiss Ratings restated a "hold (c)" rating on shares of EverQuote in a research report on Thursday, January 22nd. Raymond James Financial reiterated an "outperform" rating and issued a $18.00 price target on shares of EverQuote in a research report on Tuesday, February 17th. JPMorgan Chase & Co. cut their price objective on EverQuote from $32.00 to $22.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, B. Riley Financial reduced their target price on EverQuote from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $23.83.
View Our Latest Stock Analysis 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.
See Also
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].
