Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CFO Sells $13,663.30 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 745 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $18.34, for a total transaction of $13,663.30. Following the sale, the chief financial officer now owns 199,382 shares of the company’s stock, valued at approximately $3,656,665.88. This represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, October 2nd, Joseph Sanborn sold 1,071 shares of EverQuote stock. The stock was sold at an average price of $20.22, for a total transaction of $21,655.62.

EverQuote Stock Performance

EVER opened at $19.15 on Friday. EverQuote, Inc. has a one year low of $8.44 and a one year high of $28.09. The stock has a market cap of $676.95 million, a price-to-earnings ratio of 56.32 and a beta of 1.06. The stock’s 50 day moving average price is $19.64 and its 200-day moving average price is $21.69.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The firm had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business’s revenue for the quarter was up 162.7% on a year-over-year basis. During the same period in the prior year, the business posted ($0.40) earnings per share. As a group, analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EVER shares. JPMorgan Chase & Co. reduced their price target 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 decreased their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, Craig Hallum lifted their price target on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote currently has a consensus rating of “Buy” and an average target price of $28.50.

Institutional Investors Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently bought and sold shares of EVER. Vanguard Group Inc. boosted its holdings in EverQuote by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after acquiring an additional 30,577 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of EverQuote by 244,503.3% in the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after purchasing an additional 293,404 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in EverQuote in the 1st quarter worth approximately $2,167,000. Northwestern Mutual Wealth Management Co. purchased a new position in EverQuote during the 2nd quarter worth approximately $782,000. Finally, Inspire Investing LLC acquired a new stake in EverQuote during the 2nd quarter valued at approximately $842,000. Hedge funds and other institutional investors 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.