Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CFO Sells 1,063 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CFO Joseph Sanborn sold 1,063 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $26.29, for a total value of $27,946.27. Following the completion of the sale, the chief financial officer now directly owns 270,865 shares in the company, valued at approximately $7,121,040.85. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, February 19th, Joseph Sanborn sold 744 shares of EverQuote stock. The stock was 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 shares were sold at an average price of $20.04, for a total transaction of $23,887.68.

EverQuote Stock Up 5.6 %

Shares of NASDAQ EVER traded up $1.15 during midday trading on Wednesday, reaching $21.66. The company had a trading volume of 878,678 shares, compared to its average volume of 541,251. The stock has a market cap of $773.78 million, a PE ratio of 63.71 and a beta of 0.77. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The firm's fifty day moving average price is $24.35 and its 200-day moving average price is $20.90.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. The business 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%. As a group, equities research analysts expect that EverQuote, Inc. will post 0.72 EPS for the current year.

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Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Needham & Company LLC raised their price target on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Canaccord Genuity Group dropped their price target on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Finally, Raymond James upgraded EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective on the stock in a research report on Thursday, December 26th. Five 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, the company currently has an average rating of "Buy" and an average price target of $32.33.

Institutional Inflows and Outflows

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

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.