Key Points
- Director George Neble sold 2,456 EverQuote shares at an average price of $24.64, generating $60,515.84 and reducing his ownership by 4.05% to 58,140 shares.
- EverQuote recently exceeded quarterly expectations, reporting $0.53 EPS versus $0.52 expected and revenue of $195.09 million, up 24.6% year over year.
- Institutional investors own 91.54% of the stock, while analysts maintain a “Moderate Buy” consensus with a $27.33 average price target; shares opened at $25.24.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director George Neble sold 2,456 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $24.64, for a total transaction of $60,515.84. Following the completion of the sale, the director owned 58,140 shares in the company, valued at $1,432,569.60. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
EverQuote Trading Up 1.3%
Shares of NASDAQ EVER opened at $25.24 on Friday. The company's 50-day moving average price is $24.26 and its 200 day moving average price is $19.55. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73. The stock has a market cap of $909.40 million, a price-to-earnings ratio of 8.19 and a beta of 0.62.
EverQuote (NASDAQ:EVER - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) 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 analysts' expectations of $191.06 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. The firm's quarterly revenue was up 24.6% compared to the same quarter last year. As a group, research analysts expect that EverQuote, Inc. will post 1.72 earnings per share for the current year.
Hedge Funds Weigh In On EverQuote
A number of institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of EverQuote by 4.3% during 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. Cetera Investment Advisers raised its holdings in EverQuote by 4.3% in the 2nd quarter. Cetera Investment Advisers now owns 16,204 shares of the company's stock valued at $392,000 after acquiring an additional 675 shares during the last quarter. Comerica Bank raised its holdings in EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company's stock valued at $25,000 after acquiring an additional 772 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of EverQuote by 3.3% during the 3rd quarter. Legal & General Group Plc now owns 24,301 shares of the company's stock worth $556,000 after purchasing an additional 776 shares during the period. Finally, Zacks Investment Management lifted its stake in shares of EverQuote by 1.2% during the 4th quarter. Zacks Investment Management now owns 66,281 shares of the company's stock worth $1,790,000 after purchasing an additional 782 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on EVER. JPMorgan Chase & Co. lifted their price objective on EverQuote from $22.00 to $24.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 5th. B. Riley Financial reiterated a "buy" rating and set a $34.00 target price (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Weiss Ratings reissued a "hold (c)" rating on shares of EverQuote in a research report on Wednesday, August 12th. Zacks Research cut EverQuote from a "hold" rating to a "strong sell" rating in a report on Friday, August 7th. Finally, Wall Street Zen downgraded EverQuote from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.33.
View Our Latest Research Report on EVER
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.
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