EverQuote, Inc. (NASDAQ:EVER) CEO Sells $103,557.50 in Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 5,750 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $18.01, for a total value of $103,557.50. Following the completion of the transaction, the chief executive officer now directly owns 463,957 shares in the company, valued at approximately $8,355,865.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

EverQuote Stock Performance

Shares of EVER stock opened at $18.75 on Thursday. The stock’s fifty day moving average price is $15.43 and its two-hundred day moving average price is $11.25. The company has a market cap of $641.81 million, a PE ratio of -12.18 and a beta of 0.88. EverQuote, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $20.34.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 26th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.12. The firm had revenue of $55.71 million for the quarter, compared to the consensus estimate of $49.89 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. On average, equities analysts predict that EverQuote, Inc. will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

EVER has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Raymond James raised EverQuote from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research report on Tuesday, December 12th. B. Riley increased their price target on EverQuote from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Craig Hallum initiated coverage on EverQuote in a research report on Tuesday, December 5th. They set a “buy” rating and a $16.00 price target on the stock. Finally, Needham & Company LLC increased their price target on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.80.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of EverQuote by 51.3% in the 4th quarter. Bank of America Corp DE now owns 2,055,600 shares of the company’s stock valued at $30,300,000 after acquiring an additional 696,994 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of EverQuote by 44.2% in the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after acquiring an additional 592,262 shares during the last quarter. BlackRock Inc. lifted its stake in shares of EverQuote by 6.5% in the 2nd quarter. BlackRock Inc. now owns 1,647,061 shares of the company’s stock valued at $10,706,000 after acquiring an additional 100,133 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of EverQuote by 2.4% in the 4th quarter. Baillie Gifford & Co. now owns 1,362,022 shares of the company’s stock valued at $20,076,000 after acquiring an additional 31,957 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of EverQuote by 7.3% in the 4th quarter. Vanguard Group Inc. now owns 1,127,137 shares of the company’s stock valued at $13,796,000 after acquiring an additional 76,856 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.