Key Points
- Director George Neble sold 1,593 EverQuote shares at an average price of $20.83, generating $33,182.19 and reducing his direct ownership by 2.74% to 56,547 shares.
- EverQuote reported quarterly EPS of $0.53, slightly beating estimates, while revenue reached $195.09 million, up 24.6% year over year. The stock opened at $20.61 and has a market capitalization of approximately $742.6 million.
- Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $28.17; institutional investors own 91.54% of the company.
EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director John Shields sold 1,366 shares of the business's stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $20.83, for a total value of $28,453.78. Following the transaction, the director directly owned 29,832 shares of the company's stock, valued at $621,400.56. This represents a 4.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
EverQuote Stock Up 2.5%
Shares of NASDAQ:EVER opened at $20.61 on Wednesday. The business has a 50 day moving average price of $22.97 and a 200 day moving average price of $21.19. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The company has a market cap of $742.58 million, a price-to-earnings ratio of 6.69 and a beta of 0.68.
EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.01. The firm 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 revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. Analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms recently commented on EVER. Needham & Company LLC upped their target price on shares of EverQuote from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Zacks Research upgraded shares of EverQuote from a "strong sell" rating to a "hold" rating in a research report on Friday, October 2nd. Raymond James Financial restated an "outperform" rating and set a $28.00 price objective on shares of EverQuote in a report on Thursday, August 13th. JPMorgan Chase & Co. started coverage on shares of EverQuote in a research report on Monday, August 24th. They set an "overweight" rating and a $29.00 price objective for the company. Finally, B. Riley Financial reaffirmed a "buy" rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $28.17.
Read Our Latest Stock Analysis on EVER
Institutional Trading of EverQuote
Institutional investors have recently modified their holdings of the company. Jacobs Asset Management LLC raised its stake in shares of EverQuote by 199.9% in the first quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company's stock valued at $6,219,000 after purchasing an additional 268,819 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in EverQuote by 37.7% during the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company's stock worth $10,728,000 after buying an additional 190,438 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in EverQuote during the second quarter worth $2,344,000. Squarepoint Ops LLC acquired a new stake in EverQuote during the second quarter worth $2,889,000. Finally, Principal Financial Group Inc. increased its holdings in EverQuote by 219.1% in the 1st quarter. Principal Financial Group Inc. now owns 137,574 shares of the company's stock valued at $2,121,000 after buying an additional 94,467 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.
EverQuote Company Profile
(
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
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
