Key Points
- EverQuote CEO Jayme Mendal sold 20,980 shares at an average price of $19.69, generating $413,096.20. The sale, which reduced Mendal’s holdings by 3.62%, was made to cover tax withholding tied to vested equity awards.
- EverQuote reported quarterly results slightly above expectations, with adjusted EPS of $0.53 versus the $0.52 consensus and revenue of $195.09 million, up 24.6% year over year.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $28.17, compared with the stock’s reported opening price of $19.41.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CFO Joseph Sanborn sold 639 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $19.87, for a total transaction of $12,696.93. Following the completion of the sale, the chief financial officer directly owned 292,826 shares of the company's stock, valued at $5,818,452.62. This trade represents a 0.22% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Joseph Sanborn also recently made the following trade(s):
- On Monday, August 10th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The stock was sold at an average price of $25.51, for a total transaction of $170,075.17.
- On Wednesday, July 8th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The shares were sold at an average price of $24.63, for a total transaction of $164,208.21.
EverQuote Trading Down 0.5%
Shares of NASDAQ:EVER opened at $19.41 on Tuesday. The stock's 50-day moving average price is $23.61 and its 200-day moving average price is $21.01. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73. The stock has a market capitalization of $699.34 million, a P/E ratio of 6.30 and a beta of 0.68.
EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The firm had revenue of $195.09 million for the quarter, compared to the consensus estimate of $191.06 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company's quarterly revenue was up 24.6% on a year-over-year basis. As a group, research analysts predict that EverQuote, Inc. will post 1.72 EPS for the current year.
Analysts Set New Price Targets
EVER has been the subject of several recent research reports. Wall Street Zen downgraded EverQuote from a "buy" rating to a "hold" rating in a research report on Sunday, September 20th. Zacks Research cut shares of EverQuote from a "hold" rating to a "strong sell" rating in a report on Friday, August 7th. JPMorgan Chase & Co. initiated coverage on shares of EverQuote in a research note on Monday, August 24th. They issued an "overweight" rating and a $29.00 target price on the stock. Raymond James Financial reiterated an "outperform" rating and set a $28.00 price target on shares of EverQuote in a report on Thursday, August 13th. Finally, Weiss Ratings raised shares of EverQuote from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $28.17.
Read Our Latest Report on EverQuote
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Signature Equity Partners LLC boosted its holdings in shares of EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company's stock valued at $33,000 after buying an additional 842 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in EverQuote in the 2nd quarter worth about $55,000. Allworth Financial LP boosted its holdings in EverQuote by 63.7% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company's stock worth $61,000 after purchasing an additional 997 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of 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 during the last quarter. Finally, Sigma Planning Corp boosted its position in EverQuote by 11.9% in the first quarter. Sigma Planning Corp now owns 10,560 shares of the company's stock worth $163,000 after purchasing an additional 1,125 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.
About EverQuote
(
Get Free Report)
EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.
The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.
Further Reading
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