Joseph Sanborn Sells 1,063 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 1,063 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $26.29, for a total transaction of $27,946.27. Following the transaction, the chief financial officer now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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 stock was sold at an average price of $20.04, for a total transaction of $23,887.68.

EverQuote Stock Performance

NASDAQ:EVER opened at $21.66 on Friday. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The stock has a market cap of $773.78 million, a P/E ratio of 63.71 and a beta of 0.77. The stock has a 50-day simple moving average of $24.29 and a 200-day simple moving average of $20.93.

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

Hedge Funds Weigh In On EverQuote

Several institutional investors have recently added to or reduced their stakes in EVER. Vanguard Group Inc. lifted its holdings in shares of EverQuote by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock worth $40,314,000 after purchasing an additional 24,347 shares during the period. Toronado Partners LLC raised its position in EverQuote by 59.7% during the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after buying an additional 268,670 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of EverQuote by 32.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock worth $13,076,000 after acquiring an additional 161,426 shares during the period. Divisadero Street Capital Management LP purchased a new stake in shares of EverQuote in the fourth quarter valued at about $12,311,000. Finally, Geode Capital Management LLC boosted its holdings in shares of EverQuote by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 600,365 shares of the company’s stock valued at $12,004,000 after acquiring an additional 5,210 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on EVER shares. Needham & Company LLC lifted their price objective on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. 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 research report on Monday, February 24th. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a report on Thursday, December 26th. Finally, JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note 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. According to data from MarketBeat, the stock 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.