EverQuote (NASDAQ:EVER) Director Sells $10,659.70 in Stock

Key Points

• Director sale: EverQuote director George Neble sold 670 shares on April 10 for $15.91 each, totaling $10,659.70, leaving him with 51,491 shares (a 1.28% reduction, valued at ~ $819,222).
• Earnings beat and growth: EverQuote reported Q earnings of $1.54 EPS vs. $0.35 expected and revenue of $195.3M (up 32.3% YoY), signaling stronger-than-expected results and margins.
• Stock and analyst view: EVER trades near $15.53 with a $559.6M market cap and a P/E of 5.88, while analysts show a consensus "Moderate Buy" and an average target of $23.83, implying notable upside from current levels.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director George Neble sold 670 shares of the firm's stock in a transaction on Friday, April 10th. The shares were sold at an average price of $15.91, for a total value of $10,659.70. Following the completion of the sale, the director owned 51,491 shares in the company, valued at approximately $819,221.81. This represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

EverQuote Stock Performance

NASDAQ EVER traded up $0.44 during trading on Monday, reaching $15.53. 672,273 shares of the company's stock were exchanged, compared to its average volume of 871,059. The company has a 50 day moving average price of $16.01 and a two-hundred day moving average price of $21.42. The stock has a market cap of $559.55 million, a P/E ratio of 5.88 and a beta of 0.62. EverQuote, Inc. has a 1 year low of $13.93 and a 1 year high of $28.73.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its earnings results on Monday, February 23rd. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $0.35 by $1.19. The business had revenue of $195.32 million for the quarter, compared to analyst estimates of $176.82 million. EverQuote had a return on equity of 57.65% and a net margin of 14.34%.The business's quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter last year, the company earned $0.33 EPS. Research analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Trading of EverQuote

A number of large investors have recently bought and sold shares of EVER. Comerica Bank raised its holdings in shares of EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company's stock valued at $25,000 after buying an additional 772 shares during the last quarter. Versant Capital Management Inc increased its position in EverQuote by 108.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company's stock valued at $26,000 after acquiring an additional 601 shares during the period. NewEdge Advisors LLC purchased a new stake in EverQuote during the 3rd quarter valued at approximately $52,000. Clearstead Advisors LLC raised its stake in EverQuote by 70.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company's stock valued at $54,000 after acquiring an additional 826 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in EverQuote by 595.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company's stock worth $62,000 after acquiring an additional 2,246 shares during the period. Institutional investors and hedge funds own 91.54% of the company's stock.

Wall Street Analyst Weigh In

EVER has been the topic of a number of recent analyst reports. Craig Hallum reaffirmed a "buy" rating and issued a $20.00 target price on shares of EverQuote in a research report on Tuesday, February 24th. Raymond James Financial reissued an "outperform" rating and issued a $18.00 price target on shares of EverQuote in a research report on Tuesday, February 17th. Zacks Research downgraded shares of EverQuote from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 26th. JPMorgan Chase & Co. dropped their price objective on EverQuote from $32.00 to $22.00 and set an "overweight" rating on the stock in a report on Tuesday, February 24th. Finally, Canaccord Genuity Group cut their target price on EverQuote from $33.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, February 24th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.83.

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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