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

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

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 transaction of $13,663.30.

EverQuote Trading Down 1.3 %

EVER opened at $18.93 on Thursday. EverQuote, Inc. has a twelve month low of $10.21 and a twelve month high of $28.09. The firm has a market cap of $669.18 million, a price-to-earnings ratio of 55.68 and a beta of 0.96. The company has a fifty day simple moving average of $18.76 and a 200 day simple moving average of $20.79.

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

Hedge Funds Weigh In On EverQuote

Institutional investors have recently made changes to their positions in the business. Emerald Mutual Fund Advisers Trust raised its holdings in EverQuote by 572.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after acquiring an additional 429,084 shares in the last quarter. Emerald Advisers LLC raised its stake in shares of EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after purchasing an additional 399,257 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of EverQuote by 3,022.8% during the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after purchasing an additional 373,280 shares during the last quarter. Renaissance Technologies LLC grew its stake in EverQuote by 331.9% in the second quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after purchasing an additional 225,700 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in EverQuote by 335.2% in the second quarter. Cubist Systematic Strategies LLC now owns 265,944 shares of the company’s stock valued at $5,548,000 after buying an additional 204,835 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EVER. JPMorgan Chase & Co. dropped their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. B. Riley lowered their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EverQuote currently has an average 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.