Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CAO Sells 7,647 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CAO Jon Ayotte sold 7,647 shares of EverQuote stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total transaction of $196,680.84. Following the completion of the transaction, the chief accounting officer now directly owns 58,045 shares in the company, valued at $1,492,917.40. The trade was a 11.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jon Ayotte also recently made the following trade(s):

• On Friday, February 21st, Jon Ayotte sold 460 shares of EverQuote stock. The stock was sold at an average price of $21.21, for a total transaction of $9,756.60.
• On Wednesday, February 19th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $22.21, for a total transaction of $8,084.44.

EverQuote Stock Performance

EverQuote stock traded up $0.84 during midday trading on Tuesday, reaching $26.29. The company's stock had a trading volume of 284,665 shares, compared to its average volume of 533,406. The firm has a market capitalization of $929.38 million, a PE ratio of 77.38 and a beta of 0.96. EverQuote, Inc. has a fifty-two week low of $14.28 and a fifty-two week high of $28.09. The stock's 50 day simple moving average is $20.59 and its 200 day simple moving average is $20.20.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The company reported $0.33 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 during the quarter, compared to analysts' expectations of $133.83 million. Equities analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

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Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently modified their holdings of the company. Divisadero Street Capital Management LP purchased a new stake in EverQuote during the fourth quarter worth $12,311,000. Freestone Grove Partners LP acquired a new position in shares of EverQuote during the 4th quarter worth $11,618,000. Point72 Asset Management L.P. boosted its position in shares of EverQuote by 2,301.4% in the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock worth $9,216,000 after buying an additional 441,815 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in EverQuote by 572.1% in the 3rd 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 during the last quarter. Finally, Emerald Advisers LLC increased its holdings in EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company's stock valued at $13,498,000 after acquiring an additional 399,257 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on EVER. JPMorgan Chase & Co. upped their price objective on EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Raymond James upgraded EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target for the company in a research note on Thursday, December 26th. B. Riley lowered their price objective on shares of EverQuote from $36.50 to $29.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Canaccord Genuity Group cut their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Finally, Needham & Company LLC lifted their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price 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.