Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CFO Sells $21,655.62 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 1,071 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $21,655.62. Following the completion of the sale, the chief financial officer now directly owns 200,127 shares in the company, valued at approximately $4,046,567.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, August 21st, Joseph Sanborn sold 4,800 shares of EverQuote stock. The shares were sold at an average price of $21.54, for a total value of $103,392.00.
• On Friday, August 16th, Joseph Sanborn sold 747 shares of EverQuote stock. The shares were sold at an average price of $22.62, for a total transaction of $16,897.14.

EverQuote Trading Up 2.2 %

EverQuote stock opened at $20.76 on Friday. The company has a fifty day simple moving average of $22.57 and a 200 day simple moving average of $21.73. EverQuote, Inc. has a 1-year low of $6.64 and a 1-year high of $28.09. The company has a market cap of $720.89 million, a P/E ratio of -14.72 and a beta of 1.04.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. The company had revenue of $117.14 million for the quarter, compared to analysts’ expectations of $102.81 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The business’s revenue was up 72.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.31) EPS. On average, equities research analysts forecast that EverQuote, Inc. will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EVER. Needham & Company LLC raised their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Craig Hallum lifted their price objective on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote has an average rating of “Buy” and an average target price of $29.58.

Hedge Funds Weigh In On EverQuote

Hedge funds and other institutional investors have recently bought and sold shares of the business. Driehaus Capital Management LLC lifted its holdings in EverQuote by 9.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock valued at $42,478,000 after purchasing an additional 169,333 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of EverQuote by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after purchasing an additional 30,577 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of EverQuote by 3.6% during the first quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock worth $9,876,000 after purchasing an additional 18,523 shares during the period. Acadian Asset Management LLC increased its stake in EverQuote by 62.6% in the second quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock valued at $10,786,000 after acquiring an additional 199,187 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in EverQuote by 18.2% in the second quarter. Marshall Wace LLP now owns 464,826 shares of the company’s stock valued at $9,696,000 after acquiring an additional 71,491 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

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.