Key Points
- Director George Neble sold 670 shares of EverQuote at an average price of $15.91 on April 10, trimming his stake by 1.28% to 51,491 shares (valued at about $819,222), as disclosed in an SEC filing.
- EverQuote reported a strong quarter on Feb. 23, beating estimates with $1.54 EPS vs. $0.35 expected and $195.3M revenue (up 32.3% year-over-year), alongside a high return on equity (57.65%) and a 14.34% net margin.
- Institutional investors have been adding positions (notably RBC and UBS), with 91.54% of shares held by institutions, while analysts retain a consensus rating of "Moderate Buy" and a $23.83 average target despite recent price-target cuts.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director George Neble sold 670 shares of the business's stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $15.91, for a total value of $10,659.70. Following the sale, the director owned 51,491 shares in the company, valued at approximately $819,221.81. This trade represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
EverQuote Trading Up 2.9%
NASDAQ:EVER opened at $15.53 on Tuesday. The stock has a market cap of $559.55 million, a P/E ratio of 5.88 and a beta of 0.62. The stock's 50-day moving average is $15.87 and its 200-day moving average is $21.36. EverQuote, Inc. has a 1-year low of $13.93 and a 1-year high of $28.73.
EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $0.35 by $1.19. The company had revenue of $195.32 million for the quarter, compared to analysts' expectations of $176.82 million. EverQuote had a return on equity of 57.65% and a net margin of 14.34%.The business's quarterly revenue was up 32.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 earnings per share. As a group, equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current year.
Hedge Funds Weigh In On EverQuote
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in EverQuote by 1,705.9% in the first quarter. Royal Bank of Canada now owns 65,428 shares of the company's stock valued at $1,713,000 after buying an additional 61,805 shares during the period. Amundi acquired a new position in EverQuote in the first quarter valued at approximately $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in EverQuote by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company's stock valued at $393,000 after buying an additional 624 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in EverQuote by 615.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company's stock valued at $8,896,000 after buying an additional 292,172 shares during the period. Finally, Creative Planning lifted its stake in EverQuote by 32.4% in the second quarter. Creative Planning now owns 10,526 shares of the company's stock valued at $255,000 after buying an additional 2,576 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
EVER has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price objective on EverQuote from $33.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, February 24th. Needham & Company LLC cut their price objective on EverQuote from $40.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, February 24th. JPMorgan Chase & Co. cut their price objective on EverQuote from $32.00 to $22.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of EverQuote in a research note on Thursday, January 22nd. Finally, Craig Hallum reaffirmed a "buy" rating and issued a $20.00 price objective on shares of EverQuote in a research note on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, EverQuote currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.83.
Check Out 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.
Further Reading
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