EverQuote, Inc. (NASDAQ:EVER) CFO Sells $13,663.30 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 745 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $18.34, for a total transaction of $13,663.30. Following the sale, the chief financial officer now owns 199,382 shares in the company, valued at $3,656,665.88. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, October 2nd, Joseph Sanborn sold 1,071 shares of EverQuote stock. The shares were sold at an average price of $20.22, for a total transaction of $21,655.62.

EverQuote Stock Up 0.3 %

NASDAQ:EVER traded up $0.06 during trading hours on Wednesday, hitting $18.85. 340,795 shares of the stock were exchanged, compared to its average volume of 474,060. The company has a market capitalization of $666.37 million, a P/E ratio of 55.26 and a beta of 1.06. EverQuote, Inc. has a twelve month low of $8.18 and a twelve month high of $28.09. The company’s 50 day moving average is $19.80 and its two-hundred day moving average is $21.74.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business’s quarterly revenue was up 162.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) earnings per share. On average, equities research analysts expect that EverQuote, Inc. will post 0.69 EPS for the current year.

Hedge Funds Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Russell Investments Group Ltd. boosted its stake in shares of EverQuote by 244,503.3% in the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after buying an additional 293,404 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in shares of EverQuote during the 1st quarter worth $211,000. Vanguard Group Inc. boosted its stake in EverQuote by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after buying an additional 30,577 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of 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 buying an additional 214,486 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in EverQuote during the 1st quarter worth approximately $2,167,000. 91.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EVER. Craig Hallum boosted their price objective on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. decreased their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Needham & Company LLC boosted their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, B. Riley decreased their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $28.50.

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.