Joseph Sanborn Sells 1,192 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 1,192 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $20.04, for a total transaction of $23,887.68. Following the sale, the chief financial officer now directly owns 193,129 shares of the company’s stock, valued at approximately $3,870,305.16. This represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Joseph Sanborn also recently made the following trade(s):

• On Monday, November 18th, Joseph Sanborn sold 745 shares of EverQuote stock. The shares were sold at an average price of $18.34, for a total value of $13,663.30.

EverQuote Stock Down 1.3 %

Shares of NASDAQ EVER opened at $18.93 on Thursday. The stock has a market cap of $669.18 million, a P/E ratio of 55.68 and a beta of 0.96. The firm’s 50-day simple moving average is $18.76 and its 200 day simple moving average is $20.79. EverQuote, Inc. has a fifty-two week low of $10.21 and a fifty-two week high of $28.09.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. During the same period in the prior year, the business posted ($0.40) EPS. The business’s revenue for the quarter was up 162.7% compared to the same quarter last year. On average, sell-side analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverQuote

Several hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after buying an additional 172,785 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in EverQuote by 636.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after acquiring an additional 90,500 shares during the last quarter. Geode Capital Management LLC lifted its holdings in EverQuote by 10.4% in the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after acquiring an additional 56,114 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of EverQuote during the 2nd quarter valued at about $782,000. Finally, Barclays PLC grew its stake in shares of EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock worth $1,076,000 after purchasing an additional 39,160 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research report on Thursday, December 26th. Finally, B. Riley cut their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $32.17.

EverQuote Company Profile

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.