EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn Sells 644 Shares

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 644 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $20.90, for a total transaction of $13,459.60. Following the completion of the transaction, the chief financial officer now owns 216,411 shares in the company, valued at approximately $4,522,989.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, April 4th, Joseph Sanborn sold 8,051 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $161,020.00.

EverQuote Trading Down 0.6 %

EverQuote stock opened at $21.47 on Thursday. EverQuote, Inc. has a 52 week low of $5.36 and a 52 week high of $25.69. The stock has a market cap of $745.44 million, a P/E ratio of -15.23 and a beta of 0.96. The stock has a 50 day moving average of $21.94 and a 200-day moving average of $17.60.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $91.07 million for the quarter, compared to the consensus estimate of $80.36 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The firm’s revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.08) EPS. As a group, equities analysts predict that EverQuote, Inc. will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverQuote

Hedge funds have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. acquired a new position in shares of EverQuote in the 1st quarter worth approximately $2,167,000. Acadian Asset Management LLC lifted its stake in EverQuote by 206.9% during the first quarter. Acadian Asset Management LLC now owns 318,144 shares of the company’s stock worth $5,903,000 after purchasing an additional 214,486 shares during the last quarter. Vanguard Group Inc. increased its stake in EverQuote by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after purchasing an additional 30,577 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of EverQuote by 3.6% during the first quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock worth $9,876,000 after purchasing an additional 18,523 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of EverQuote in the 1st quarter worth about $211,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EVER shares. Craig Hallum upped their target price on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. B. Riley boosted their target price on shares of EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Needham & Company LLC raised their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Finally, Canaccord Genuity Group boosted their price objective on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $26.25.

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.