Key Points
- EverQuote CAO Jon Ayotte sold 889 shares on June 1 at an average price of $20.00, totaling $17,780. After the sale, he still held 80,729 shares valued at about $1.61 million.
- Ayotte has been actively trimming his stake, with several additional sales in late May and April, including 888 shares on May 26 and 364 shares on April 6.
- EverQuote reported strong quarterly results, posting EPS of $0.51 versus the $0.43 consensus and revenue of $190.85 million, up 14.6% year over year. Analysts currently maintain a Moderate Buy consensus with an average price target of $24.17.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CAO Jon Ayotte sold 889 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $20.00, for a total transaction of $17,780.00. Following the sale, the chief accounting officer directly owned 80,729 shares in the company, valued at $1,614,580. This trade represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Jon Ayotte also recently made the following trade(s):
- On Tuesday, May 26th, Jon Ayotte sold 888 shares of EverQuote stock. The stock was sold at an average price of $18.69, for a total transaction of $16,596.72.
- On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The stock was sold at an average price of $18.24, for a total transaction of $5,198.40.
- On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $7,260.00.
- On Monday, April 6th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $15.35, for a total transaction of $5,587.40.
EverQuote Stock Performance
Shares of NASDAQ EVER opened at $19.00 on Wednesday. The company's fifty day moving average price is $17.13 and its 200 day moving average price is $20.45. EverQuote, Inc. has a 1 year low of $13.88 and a 1 year high of $28.73. The company has a market capitalization of $684.57 million, a PE ratio of 6.46 and a beta of 0.65.
EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.08. EverQuote had a net margin of 15.35% and a return on equity of 53.39%. The firm had revenue of $190.85 million for the quarter, compared to the consensus estimate of $180.10 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The firm's quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities analysts expect that EverQuote, Inc. will post 2.06 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Canaccord Genuity Group lowered their price target on shares of EverQuote from $33.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Wall Street Zen raised shares of EverQuote from a "hold" rating to a "buy" rating in a report on Sunday. Raymond James Financial reaffirmed an "outperform" rating and set a $18.00 price objective on shares of EverQuote in a report on Tuesday, February 17th. B. Riley Financial decreased their price objective on shares of EverQuote from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $25.00 price objective on shares of EverQuote in a report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.17.
Check Out Our Latest Research Report on EverQuote
Hedge Funds Weigh In On EverQuote
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of EverQuote by 1,705.9% in the first quarter. Royal Bank of Canada now owns 65,428 shares of the company's stock worth $1,713,000 after buying an additional 61,805 shares in the last quarter. Amundi purchased a new position in shares of EverQuote in the first quarter worth about $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of EverQuote by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company's stock worth $393,000 after buying an additional 624 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of 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 worth $8,896,000 after buying an additional 292,172 shares in the last quarter. Finally, Creative Planning lifted its stake in shares of EverQuote by 32.4% in the second quarter. Creative Planning now owns 10,526 shares of the company's stock worth $255,000 after buying an additional 2,576 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.
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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