Key Points
- CEO Jayme Mendal sold 20,981 EverQuote shares at an average price of $24.27, generating approximately $509,209. After the transaction, Mendal retained 591,160 shares.
- EverQuote’s latest quarterly results exceeded expectations, with EPS of $0.53 versus $0.52 expected and revenue of $195.09 million, up 24.6% year over year.
- Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $28.17 target price, while institutional investors own 91.54% of the company’s shares.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CEO Jayme Mendal sold 20,981 shares of EverQuote stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $24.27, for a total value of $509,208.87. Following the completion of the transaction, the chief executive officer owned 591,160 shares of the company's stock, valued at approximately $14,347,453.20. This trade represents a 3.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
EverQuote Stock Down 1.9%
EVER stock opened at $22.89 on Friday. The firm has a market capitalization of $824.73 million, a PE ratio of 7.43 and a beta of 0.67. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The stock has a 50-day simple moving average of $25.07 and a two-hundred day simple moving average of $20.72.
EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly 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 firm had revenue of $195.09 million for the quarter, compared to the consensus estimate of $191.06 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The company's revenue for the quarter was up 24.6% on a year-over-year basis. On average, equities research analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have issued reports on EVER. Raymond James Financial reiterated an "outperform" rating and issued a $28.00 target price on shares of EverQuote in a research note on Thursday, August 13th. Wall Street Zen raised shares of EverQuote from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. Zacks Research cut shares of EverQuote from a "hold" rating to a "strong sell" rating in a report on Friday, August 7th. Needham & Company LLC increased their price objective on EverQuote from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised EverQuote from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 26th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $28.17.
Get Our Latest Stock Report on EVER
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of EVER. Integrated Wealth Concepts LLC purchased a new stake in EverQuote in the second quarter valued at approximately $55,000. IFP Advisors Inc grew its stake in EverQuote by 100.1% in the 2nd quarter. IFP Advisors Inc now owns 3,219 shares of the company's stock worth $77,000 after buying an additional 1,610 shares in the last quarter. Squarepoint Ops LLC purchased a new position in EverQuote in the 2nd quarter worth approximately $2,889,000. Allworth Financial LP grew its stake in EverQuote by 63.7% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company's stock worth $61,000 after buying an additional 997 shares in the last quarter. Finally, Corient Private Wealth LP increased its holdings in shares of EverQuote by 85.4% in the 2nd quarter. Corient Private Wealth LP now owns 79,174 shares of the company's stock worth $1,884,000 after buying an additional 36,461 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.
EverQuote Company Profile
(
Get Free Report)
EverQuote, Inc (NASDAQ: EVER) operates an online insurance marketplace that connects consumers with insurance providers and agents. The company uses data, technology and digital marketing to help shoppers compare insurance options and connect with providers that may be able to meet their coverage needs.
EverQuote's marketplace has primarily focused on auto insurance and has also supported shopping for home, renters, life, health and commercial insurance products. Its platform provides insurance companies and agencies with consumer leads and customer-acquisition solutions designed to help them reach prospective policyholders.
Founded in 2011 and headquartered in Cambridge, Massachusetts, EverQuote serves consumers and insurance providers in the United States.
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