Key Points
- EverQuote CFO Joseph Sanborn sold 6,667 shares at an average price of $25.51, generating approximately $170,075. He retained 305,241 shares after the transaction.
- EverQuote reported quarterly earnings of $0.53 per share, slightly above estimates, while revenue rose 24.6% year over year to $195.09 million. The stock opened at $25.09, down 1.8%.
- Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $25.67 price target, although recent ratings ranged from “Buy” to “Strong Sell.” Institutional investors own 91.54% of the company.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CFO Joseph Sanborn sold 6,667 shares of EverQuote stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.51, for a total value of $170,075.17. Following the completion of the transaction, the chief financial officer owned 305,241 shares of the company's stock, valued at approximately $7,786,697.91. The trade was a 2.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Joseph Sanborn also recently made the following trade(s):
- On Wednesday, July 8th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The stock was sold at an average price of $24.63, for a total value of $164,208.21.
- On Monday, July 6th, Joseph Sanborn sold 642 shares of EverQuote stock. The stock was sold at an average price of $24.50, for a total value of $15,729.00.
- On Monday, June 8th, Joseph Sanborn sold 6,666 shares of EverQuote stock. The shares were sold at an average price of $19.28, for a total value of $128,520.48.
EverQuote Stock Down 1.8%
EverQuote stock opened at $25.09 on Wednesday. The stock has a market capitalization of $903.99 million, a price-to-earnings ratio of 8.15 and a beta of 0.62. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73. The stock has a 50-day simple moving average of $23.42 and a 200 day simple moving average of $19.45.
EverQuote (NASDAQ:EVER - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The company had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The company's revenue was up 24.6% on a year-over-year basis. As a group, sell-side analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on EVER shares. Wall Street Zen downgraded EverQuote from a "buy" rating to a "hold" rating in a report on Saturday. Needham & Company LLC lifted their target price on EverQuote from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Zacks Research downgraded EverQuote from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. JPMorgan Chase & Co. upped their price target on EverQuote from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings upgraded EverQuote from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.67.
Check Out Our Latest Research Report on EverQuote
Hedge Funds Weigh In On EverQuote
A number of hedge funds and other institutional investors have recently bought and sold shares of EVER. Lazard Asset Management LLC raised its position in shares of EverQuote by 81.7% in the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company's stock valued at $24,333,000 after acquiring an additional 405,237 shares during the period. Balyasny Asset Management L.P. grew its holdings in EverQuote by 110.7% during the third quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company's stock valued at $15,720,000 after purchasing an additional 361,082 shares during the period. AQR Capital Management LLC increased its stake in EverQuote by 95.1% in the second quarter. AQR Capital Management LLC now owns 655,615 shares of the company's stock valued at $15,853,000 after purchasing an additional 319,618 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in EverQuote by 47.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company's stock worth $13,412,000 after purchasing an additional 293,160 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 worth $8,896,000 after purchasing an additional 292,172 shares during the period. 91.54% of the stock is owned by 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.
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