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

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 1,063 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $26.29, for a total transaction of $27,946.27. Following the completion of the transaction, the chief financial officer now directly owns 270,865 shares of the company’s stock, valued at approximately $7,121,040.85. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were 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 transaction of $23,887.68.

EverQuote Price Performance

EVER opened at $21.66 on Friday. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The business has a 50-day moving average of $24.29 and a two-hundred day moving average of $20.93. The stock has a market capitalization of $773.78 million, a price-to-earnings ratio of 63.71 and a beta of 0.77.

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

Hedge Funds Weigh In On EverQuote

Several hedge funds and other institutional investors have recently bought and sold shares of EVER. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in EverQuote by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company’s stock worth $288,000 after buying an additional 608 shares during the period. Corton Capital Inc. increased its position in shares of EverQuote by 3.4% during the fourth quarter. Corton Capital Inc. now owns 21,592 shares of the company’s stock worth $432,000 after acquiring an additional 714 shares during the last quarter. Legal & General Group Plc increased its position in shares of EverQuote by 4.8% during the fourth quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock worth $439,000 after acquiring an additional 1,012 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of EverQuote by 4.0% in the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock worth $698,000 after acquiring an additional 1,332 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in EverQuote by 19.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after purchasing an additional 1,363 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on EVER. Needham & Company LLC raised their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. Canaccord Genuity Group reduced their target price on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, EverQuote presently has a consensus 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.