Key Points
- EverQuote CFO Joseph Sanborn sold 20,000 shares on May 7 at an average price of $20.70, generating about $414,000 in proceeds. After the sale, he still held 337,660 shares, though the transaction reduced his position by 5.59%.
- The company just reported strong quarterly results, with EPS of $0.51 versus $0.43 expected and revenue of $190.85 million versus $180.10 million estimated. Revenue also rose 14.6% year over year, helping support a positive outlook.
- Wall Street remains constructive on EverQuote, with six Buy ratings and two Hold ratings and a consensus price target of $24.17. Recent analyst updates from Needham and JPMorgan were also favorable after the earnings beat.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CFO Joseph Sanborn sold 20,000 shares of the company's stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $20.70, for a total transaction of $414,000.00. Following the completion of the sale, the chief financial officer owned 337,660 shares in the company, valued at approximately $6,989,562. This trade represents a 5.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Joseph Sanborn also recently made the following trade(s):
- On Thursday, April 2nd, Joseph Sanborn sold 650 shares of EverQuote stock. The stock was sold at an average price of $14.42, for a total value of $9,373.00.
EverQuote Price Performance
EVER opened at $20.50 on Friday. The stock has a 50-day moving average price of $16.22 and a 200-day moving average price of $20.83. The firm has a market cap of $738.62 million, a PE ratio of 6.97 and a beta of 0.56. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73.
EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.08. The firm had revenue of $190.85 million during the quarter, compared to analyst estimates of $180.10 million. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.EverQuote's quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. As a group, sell-side analysts anticipate that EverQuote, Inc. will post 1.97 EPS for the current year.
Institutional Investors Weigh In On EverQuote
Large investors have recently bought and sold shares of the business. Comerica Bank increased its holdings in EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company's stock worth $25,000 after buying an additional 772 shares in the last quarter. Versant Capital Management Inc increased 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 worth $26,000 after buying an additional 601 shares in the last quarter. NewEdge Advisors LLC bought a new stake in EverQuote in the 3rd quarter worth about $52,000. Clearstead Advisors LLC increased its holdings in EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company's stock worth $54,000 after buying an additional 826 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in EverQuote by 595.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company's stock worth $62,000 after buying an additional 2,246 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 price target on shares of EverQuote in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on EverQuote from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Tuesday. Weiss Ratings lowered EverQuote from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, May 1st. Craig Hallum reaffirmed a "buy" rating and issued a $20.00 price target on shares of EverQuote in a research report on Tuesday, February 24th. Finally, Canaccord Genuity Group lowered their price target on EverQuote from $33.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, February 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.17.
View Our Latest Analysis on EverQuote
Key Stories Impacting EverQuote
Here are the key news stories impacting EverQuote this week:
- Positive Sentiment: EverQuote’s latest earnings beat expectations, with Q1 EPS of $0.51 versus $0.43 expected and revenue of $190.85 million versus $180.10 million estimated. The company also posted 14.6% year-over-year revenue growth, reinforcing the view that its insurance marketplace is still growing profitably. Article Title
- Positive Sentiment: Analysts have been adjusting higher after the report, including Needham reaffirming a Buy rating and JPMorgan raising its price target to $24. These updates suggest Wall Street sees the earnings strength as sustainable. Article Title
- Positive Sentiment: Management is also presenting at upcoming investor conferences, which may help keep attention on the stock and give the company another chance to highlight its growth and AI-driven efficiency gains. Article Title
- Neutral Sentiment: Insider sales by CTO David Brainard and CAO Jon Ayotte may have modestly weighed on sentiment, but the transactions were relatively small compared with their remaining holdings and do not appear to signal a major change in the company’s outlook. Article Title
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.
Read More
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].
