Key Points
- EverQuote director Mira Wilczek sold 9,500 shares at an average price of $25.07, generating $238,165 and reducing her ownership by 7.93%.
- EverQuote recently beat quarterly expectations, reporting $0.53 in EPS and $195.09 million in revenue, with revenue up 24.6% year over year.
- Wall Street maintains a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $28.17; institutional investors own 91.54% of the company.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director Mira Wilczek sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $25.07, for a total value of $238,165.00. Following the completion of the transaction, the director owned 110,353 shares of the company's stock, valued at $2,766,549.71. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
EverQuote Stock Down 0.7%
EVER stock opened at $25.31 on Friday. The business has a fifty day moving average of $25.18 and a two-hundred day moving average of $20.10. The stock has a market cap of $911.92 million, a price-to-earnings ratio of 8.22 and a beta of 0.67. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73.
EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The company's quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS. As a group, sell-side analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current year.
Institutional Trading of EverQuote
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of EverQuote by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company's stock valued at $59,980,000 after purchasing an additional 20,156 shares in the last quarter. Renaissance Technologies LLC boosted its position in EverQuote by 28.9% in the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company's stock valued at $14,517,000 after buying an additional 211,360 shares during the period. Allspring Global Investments Holdings LLC boosted its position in EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company's stock valued at $13,412,000 after buying an additional 293,160 shares during the period. Lazard Asset Management LLC grew its stake in shares of EverQuote by 81.7% in the fourth quarter. Lazard Asset Management LLC now owns 901,207 shares of the company's stock worth $24,333,000 after acquiring an additional 405,237 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of EverQuote by 27.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company's stock worth $23,644,000 after acquiring an additional 188,335 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on EVER shares. Raymond James Financial reaffirmed an "outperform" rating and set a $28.00 target price on shares of EverQuote in a research note on Thursday, August 13th. Wall Street Zen downgraded shares of EverQuote from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. assumed coverage on shares of EverQuote in a report on Monday, August 24th. They issued an "overweight" rating and a $29.00 price objective on the stock. Zacks Research cut shares of EverQuote from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. Finally, B. Riley Financial reiterated a "buy" rating and issued a $34.00 target price (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.17.
Read Our Latest Report on EverQuote
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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