EverQuote, Inc. (NASDAQ:EVER) CFO Sells $23,887.68 in Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 1,192 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $20.04, for a total transaction of $23,887.68. Following the completion of the transaction, the chief financial officer now owns 193,129 shares in the company, valued at approximately $3,870,305.16. This represents a 0.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, November 18th, Joseph Sanborn sold 745 shares of EverQuote stock. The shares were sold at an average price of $18.34, for a total value of $13,663.30.

EverQuote Price Performance

Shares of EVER traded down $0.26 on Tuesday, reaching $19.18. The company’s stock had a trading volume of 342,655 shares, compared to its average volume of 357,612. The stock’s 50 day simple moving average is $18.74 and its two-hundred day simple moving average is $20.80. The stock has a market capitalization of $678.03 million, a P/E ratio of 56.41 and a beta of 0.96. EverQuote, Inc. has a 12-month low of $10.21 and a 12-month high of $28.09.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. The business 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 company’s revenue was up 162.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.40) EPS. Analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its stake in shares of EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after acquiring an additional 172,785 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of EverQuote by 636.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after buying an additional 90,500 shares in the last quarter. Geode Capital Management LLC boosted its holdings in EverQuote by 10.4% in the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after buying an additional 56,114 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in EverQuote in the 2nd quarter worth $782,000. Finally, Barclays PLC raised its holdings in EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after acquiring an additional 39,160 shares during the period. Institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. B. Riley lowered their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Thursday, December 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, EverQuote presently has an average rating of “Buy” and an average target price of $32.17.

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.