EverQuote, Inc. (NASDAQ:EVER) CEO Sells $1,827,834.19 in Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 65,117 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $28.07, for a total transaction of $1,827,834.19. Following the completion of the sale, the chief executive officer now owns 619,156 shares in the company, valued at $17,379,708.92. The trade was a 9.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

EverQuote Trading Up 2.4 %

Shares of EverQuote stock traded up $0.66 during trading on Friday, reaching $28.71. The stock had a trading volume of 1,098,265 shares, compared to its average volume of 514,139. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 84.44 and a beta of 1.01. The stock has a fifty day moving average price of $22.39 and a two-hundred day moving average price of $20.57. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $29.00.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research report on Thursday, December 26th. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group lowered their price target 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. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $32.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in shares of EverQuote by 11.8% during the 4th quarter. California State Teachers Retirement System now owns 24,781 shares of the company’s stock worth $495,000 after buying an additional 2,624 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of EverQuote by 65.3% during the 4th quarter. Mackenzie Financial Corp now owns 104,303 shares of the company’s stock worth $2,085,000 after acquiring an additional 41,222 shares during the period. Warm Springs Advisors Inc. bought a new stake in shares of EverQuote during the 4th quarter worth approximately $1,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of EverQuote by 34.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company’s stock worth $950,000 after acquiring an additional 12,118 shares during the period. Finally, Squarepoint Ops LLC increased its position in EverQuote by 47.2% during the 4th quarter. Squarepoint Ops LLC now owns 371,595 shares of the company’s stock worth $7,428,000 after purchasing an additional 119,189 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.