EverQuote (NASDAQ:EVER) CFO Joseph Sanborn Sells 20,000 Shares

Key Points

• EverQuote CFO Joseph Sanborn sold 20,000 shares on May 7 at an average price of $20.70, generating about $414,000 and reducing his ownership by 5.59%. He still holds 337,660 shares, worth roughly $7.0 million.
• The company recently posted strong Q1 results, with EPS of $0.51 versus $0.43 expected and revenue of $190.85 million versus $180.10 million forecast. Revenue rose 14.6% year over year, showing continued growth.
• Analysts remain broadly positive on EverQuote, with six Buy ratings and two Hold ratings and a consensus price target of $24.17. Recent reports included reaffirmed Buy views and a higher target from JPMorgan to $24.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CFO Joseph Sanborn sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $20.70, for a total transaction of $414,000.00. Following the completion of the transaction, the chief financial officer owned 337,660 shares in the company, valued at approximately $6,989,562. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, April 2nd, Joseph Sanborn sold 650 shares of EverQuote stock. The shares were sold at an average price of $14.42, for a total value of $9,373.00.

EverQuote Stock Performance

EVER traded down $0.10 during trading on Friday, reaching $20.50. The stock had a trading volume of 865,126 shares, compared to its average volume of 969,273. The stock has a market cap of $738.62 million, a PE ratio of 6.97 and a beta of 0.56. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The business has a 50-day moving average of $16.22 and a 200-day moving average of $20.83.

EverQuote (NASDAQ:EVER - Get Free Report) last released its earnings results on Monday, May 4th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.08. EverQuote had a return on equity of 53.39% and a net margin of 15.35%.The business had revenue of $190.85 million for the quarter, compared to analysts' expectations of $180.10 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The firm's revenue was up 14.6% on a year-over-year basis. Equities research analysts forecast that EverQuote, Inc. will post 1.97 EPS for the current fiscal year.

EverQuote News Roundup

Here are the key news stories impacting EverQuote this week:

• Positive Sentiment: EverQuote’s latest earnings beat expectations, with Q1 EPS of $0.51 versus $0.43 expected and revenue of $190.85 million versus $180.10 million estimated. The company also posted 14.6% year-over-year revenue growth, reinforcing the view that its insurance marketplace is still growing profitably. Article Title
• Positive Sentiment: Analysts have been adjusting higher after the report, including Needham reaffirming a Buy rating and JPMorgan raising its price target to $24. These updates suggest Wall Street sees the earnings strength as sustainable. Article Title
• Positive Sentiment: Management is also presenting at upcoming investor conferences, which may help keep attention on the stock and give the company another chance to highlight its growth and AI-driven efficiency gains. Article Title
• Neutral Sentiment: Insider sales by CTO David Brainard and CAO Jon Ayotte may have modestly weighed on sentiment, but the transactions were relatively small compared with their remaining holdings and do not appear to signal a major change in the company’s outlook. Article Title

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Raymond James Financial reaffirmed an "outperform" rating and set a $18.00 price objective on shares of EverQuote in a research note on Tuesday, February 17th. Wall Street Zen cut EverQuote from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 4th. Weiss Ratings cut EverQuote from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, May 1st. Canaccord Genuity Group cut their target price on shares of EverQuote from $33.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, February 24th. Finally, Craig Hallum restated a "buy" rating and issued a $20.00 target price on shares of EverQuote in a report on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.17.

Institutional Trading of EverQuote

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in EverQuote by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 2,221,494 shares of the company's stock valued at $59,980,000 after acquiring an additional 20,156 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company's stock worth $13,412,000 after purchasing an additional 293,160 shares in the last quarter. Lazard Asset Management LLC boosted its stake in EverQuote by 81.7% in the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company's stock worth $24,333,000 after purchasing an additional 405,237 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in EverQuote by 27.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 875,702 shares of the company's stock valued at $23,644,000 after acquiring an additional 188,335 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in EverQuote by 27.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company's stock valued at $19,347,000 after acquiring an additional 171,787 shares during the period. Institutional investors own 91.54% of the company's stock.

About EverQuote

EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.

The company's core business centers on a quote-comparison engine for personal auto, home, and health insurance products.

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