EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte Sells 7,647 Shares

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 7,647 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $25.72, for a total transaction of $196,680.84. Following the sale, the chief accounting officer now owns 58,045 shares of the company’s stock, valued at $1,492,917.40. This trade represents a 11.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jon Ayotte also recently made the following trade(s):

• On Friday, February 21st, Jon Ayotte sold 460 shares of EverQuote stock. The stock was sold at an average price of $21.21, for a total value of $9,756.60.
• On Wednesday, February 19th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $22.21, for a total value of $8,084.44.

EverQuote Stock Performance

Shares of EVER stock opened at $26.88 on Friday. EverQuote, Inc. has a fifty-two week low of $14.28 and a fifty-two week high of $28.09. The stock has a 50 day simple moving average of $20.44 and a two-hundred day simple moving average of $20.21. The company has a market cap of $950.23 million, a P/E ratio of 79.06 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. On average, research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Hedge Funds Weigh In On EverQuote

Hedge funds have recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new position in shares of EverQuote in the third quarter valued at approximately $26,000. R Squared Ltd bought a new position in EverQuote during the 4th quarter valued at $34,000. Quarry LP boosted its holdings in EverQuote by 100.7% during the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after acquiring an additional 1,452 shares during the last quarter. Quantbot Technologies LP raised its holdings 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 purchasing an additional 1,874 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after purchasing an additional 2,042 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analysts Set New Price Targets

EVER has been the topic of a number of analyst reports. Needham & Company LLC increased their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley decreased their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday. Canaccord Genuity Group lowered their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a 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 objective on the stock in a research report on Thursday, December 26th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $32.33.

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.