Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CEO Sells 65,117 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CEO Jayme Mendal sold 65,117 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $28.07, for a total transaction of $1,827,834.19. Following the transaction, the chief executive officer now owns 619,156 shares in the company, valued at $17,379,708.92. This represents a 9.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

EverQuote Price Performance

Shares of EverQuote stock traded up $0.63 during trading on Tuesday, reaching $29.71. 578,768 shares of the stock traded hands, compared to its average volume of 516,655. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $29.97. The business has a fifty day simple moving average of $22.82 and a two-hundred day simple moving average of $20.62. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 87.38 and a beta of 1.01.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.18. The business had revenue of $147.46 million during the quarter, compared to analysts' expectations of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. On average, research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

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Analyst Ratings Changes

A number of equities research analysts have weighed in on EVER shares. JPMorgan Chase & Co. boosted 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. Canaccord Genuity Group reduced their price objective on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, February 24th. Needham & Company LLC increased their target price on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, 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. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, EverQuote currently has an average rating of "Buy" and an average price target of $32.33.

Hedge Funds Weigh In On EverQuote

Several institutional investors have recently bought and sold shares of EVER. Victory Capital Management Inc. raised its position in EverQuote by 97.3% during the third quarter. Victory Capital Management Inc. now owns 29,019 shares of the company's stock valued at $612,000 after purchasing an additional 14,311 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in EverQuote by 636.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company's stock worth $2,209,000 after buying an additional 90,500 shares during the period. Charles Schwab Investment Management Inc. increased its position in EverQuote by 255.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company's stock valued at $5,072,000 after acquiring an additional 172,785 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock valued at $74,000 after acquiring an additional 1,874 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of EverQuote by 29.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,570 shares of the company's stock worth $413,000 after acquiring an additional 4,506 shares during the last quarter. Institutional investors own 91.54% of the company's stock.

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.