Joseph Sanborn Sells 644 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 644 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $20.90, for a total value of $13,459.60. Following the transaction, the chief financial officer now directly owns 216,411 shares of the company’s stock, valued at approximately $4,522,989.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, April 4th, Joseph Sanborn sold 8,051 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total value of $161,020.00.

EverQuote Stock Down 0.6 %

EverQuote stock opened at $21.47 on Friday. The business has a 50 day moving average of $22.00 and a 200-day moving average of $17.62. EverQuote, Inc. has a 1 year low of $5.36 and a 1 year high of $25.69.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The business had revenue of $91.07 million during the quarter, compared to the consensus estimate of $80.36 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. On average, sell-side analysts anticipate that EverQuote, Inc. will post 0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EVER. Canaccord Genuity Group boosted their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC upped their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. B. Riley upped their price objective on EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, Craig Hallum upped their price objective on EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $26.25.

Institutional Trading of EverQuote

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVER. FNY Investment Advisers LLC acquired a new stake in EverQuote during the 4th quarter valued at approximately $40,000. Tower Research Capital LLC TRC increased its position in EverQuote by 446.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after purchasing an additional 4,215 shares during the period. Asset Management One Co. Ltd. acquired a new stake in EverQuote during the 4th quarter valued at approximately $66,000. State Board of Administration of Florida Retirement System acquired a new stake in EverQuote during the 1st quarter valued at approximately $211,000. Finally, NewEdge Wealth LLC acquired a new stake in EverQuote during the 4th quarter valued at approximately $264,000. Institutional investors and hedge funds 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.