Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CFO Sells $27,946.27 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 1,063 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $26.29, for a total transaction of $27,946.27. Following the sale, the chief financial officer now directly owns 270,865 shares in the company, valued at $7,121,040.85. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, February 19th, Joseph Sanborn sold 744 shares of EverQuote stock. The stock was sold at an average price of $22.21, for a total value of $16,524.24.
• On Monday, January 6th, Joseph Sanborn sold 1,192 shares of EverQuote stock. The shares were sold at an average price of $20.04, for a total value of $23,887.68.

EverQuote Stock Down 2.4 %

Shares of EVER stock opened at $21.15 on Tuesday. The company has a 50 day moving average price of $24.30 and a 200-day moving average price of $20.90. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The firm has a market capitalization of $755.56 million, a PE ratio of 62.21 and a beta of 0.77.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. The business had revenue of $147.46 million during the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. Analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Institutional Trading of EverQuote

A number of hedge funds have recently bought and sold shares of EVER. Vanguard Group Inc. grew its stake in shares of EverQuote by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock valued at $40,314,000 after purchasing an additional 24,347 shares during the period. Toronado Partners LLC boosted its holdings in shares of EverQuote by 59.7% in the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after buying an additional 268,670 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in EverQuote by 32.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock valued at $13,076,000 after buying an additional 161,426 shares during the period. Divisadero Street Capital Management LP purchased a new stake in EverQuote during the fourth quarter valued at approximately $12,311,000. Finally, Geode Capital Management LLC increased its holdings in EverQuote by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 600,365 shares of the company’s stock valued at $12,004,000 after buying an additional 5,210 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

EVER has been the topic of a number of recent research reports. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Thursday, December 26th. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group lowered their price objective on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $32.33.

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.