EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn Sells 1,063 Shares

EverQuote, Inc. (NASDAQ:EVER) 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. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

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

EverQuote Stock Down 11.3 %

NASDAQ EVER opened at $21.66 on Friday. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03. The stock has a market cap of $773.78 million, a P/E ratio of 63.71 and a beta of 0.77. The company’s 50-day simple moving average is $24.29 and its 200 day simple moving average is $20.92.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data 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 company had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. Research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on EVER. JPMorgan Chase & Co. upped 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. Needham & Company LLC upped their price objective on shares of 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 decreased their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock 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 stock. According to data from MarketBeat.com, EverQuote presently has a consensus rating of “Buy” and a consensus target price of $32.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in EVER. R Squared Ltd bought a new stake in shares of EverQuote in the 4th quarter worth about $34,000. Quarry LP boosted its position in EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after buying an additional 1,452 shares in the last quarter. Quantbot Technologies LP grew its stake in EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of EverQuote by 80.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after buying an additional 2,042 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of EverQuote in the fourth quarter valued at approximately $90,000. 91.54% of the stock is owned by institutional investors.

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.