EverQuote (NASDAQ:EVER) CFO Joseph Sanborn Sells 6,667 Shares of Stock

Key Points

• EverQuote CFO Joseph Sanborn sold 6,667 shares at an average price of $25.51, generating approximately $170,075. After the transaction, he retained 305,241 shares.
• EverQuote shares fell 1.8% to $25.09, though the company recently exceeded quarterly earnings and revenue expectations, reporting $0.53 EPS and $195.09 million in revenue.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and a $25.67 price target, while institutional investors own 91.54% of the stock.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CFO Joseph Sanborn sold 6,667 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $25.51, for a total transaction of $170,075.17. Following the sale, the chief financial officer directly owned 305,241 shares in the company, valued at approximately $7,786,697.91. The trade was a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, July 8th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The shares were sold at an average price of $24.63, for a total value of $164,208.21.
• On Monday, July 6th, Joseph Sanborn sold 642 shares of EverQuote stock. The stock was sold at an average price of $24.50, for a total value of $15,729.00.
• On Monday, June 8th, Joseph Sanborn sold 6,666 shares of EverQuote stock. The shares were sold at an average price of $19.28, for a total value of $128,520.48.

EverQuote Stock Down 1.8%

Shares of EVER stock traded down $0.46 during trading hours on Tuesday, hitting $25.09. 367,967 shares of the company's stock were exchanged, compared to its average volume of 866,507. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73. The firm has a market cap of $903.99 million, a P/E ratio of 8.15 and a beta of 0.62. The firm has a 50 day moving average of $23.30 and a two-hundred day moving average of $19.45.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The company had revenue of $195.09 million during the quarter, compared to analyst estimates of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The firm's revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, equities analysts forecast that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverQuote

A number of large investors have recently made changes to their positions in EVER. Royal Bank of Canada boosted its stake in EverQuote by 1,705.9% during the first quarter. Royal Bank of Canada now owns 65,428 shares of the company's stock worth $1,713,000 after buying an additional 61,805 shares during the last quarter. Amundi acquired a new stake in shares of EverQuote in the 1st quarter worth $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of EverQuote by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company's stock worth $393,000 after acquiring an additional 624 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of EverQuote by 615.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company's stock valued at $8,896,000 after acquiring an additional 292,172 shares during the last quarter. Finally, Creative Planning boosted its position in shares of EverQuote by 32.4% during the 2nd quarter. Creative Planning now owns 10,526 shares of the company's stock valued at $255,000 after acquiring an additional 2,576 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EVER has been the topic of several research analyst reports. Zacks Research cut EverQuote from a "hold" rating to a "strong sell" rating in a report on Friday. Weiss Ratings raised EverQuote from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, May 15th. B. Riley Financial restated a "buy" rating and issued a $34.00 price objective (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Needham & Company LLC lifted their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Finally, Wall Street Zen lowered shares of EverQuote from a "buy" rating to a "hold" rating in a report on Saturday. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, EverQuote currently has an average rating of "Moderate Buy" and a consensus price target of $25.67.

EverQuote Company Profile

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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