George Neble Sells 2,456 Shares of EverQuote (NASDAQ:EVER) Stock

Key Points

• Director George Neble sold 2,456 EverQuote shares at an average price of $24.64, generating $60,515.84 and reducing his position by 4.05% to 58,140 shares.
• EverQuote reported quarterly EPS of $0.53, slightly above estimates, while revenue rose 24.6% year over year to $195.09 million. The stock recently traded at $25.24, with a market capitalization of approximately $909 million.
• Analyst sentiment remains a “Moderate Buy”, with a consensus price target of $27.33, although ratings range from “Buy” to “Strong Sell.” Institutional investors own 91.54% of the company.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director George Neble sold 2,456 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $24.64, for a total value of $60,515.84. Following the transaction, the director owned 58,140 shares in the company, valued at $1,432,569.60. This trade represents a 4.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EverQuote Stock Performance

EverQuote stock traded up $0.33 during trading on Friday, reaching $25.24. The company had a trading volume of 456,058 shares, compared to its average volume of 846,982. The firm's 50-day simple moving average is $24.16 and its 200 day simple moving average is $19.51. EverQuote, Inc. has a 1-year low of $13.88 and a 1-year high of $28.73. The firm has a market capitalization of $909.40 million, a PE ratio of 8.19 and a beta of 0.62.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business had revenue of $195.09 million for the quarter, compared to the consensus estimate of $191.06 million. During the same period last year, the firm posted $0.39 earnings per share. The company's revenue was up 24.6% compared to the same quarter last year. Analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EVER. JPMorgan Chase & Co. raised their target price on EverQuote from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Tuesday, May 5th. Needham & Company LLC boosted their price target on EverQuote from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Zacks Research downgraded EverQuote from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. Weiss Ratings restated a "hold (c)" rating on shares of EverQuote in a report on Wednesday, August 12th. Finally, Wall Street Zen cut shares of EverQuote from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $27.33.

Institutional Investors Weigh In On EverQuote

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Globeflex Capital L P acquired a new position in EverQuote during the second quarter worth $1,189,000. Great Lakes Advisors LLC purchased a new stake in EverQuote in the 2nd quarter valued at $2,511,000. Bank of New York Mellon Corp acquired a new stake in shares of EverQuote in the 2nd quarter worth $2,344,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of EverQuote by 3.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 37,732 shares of the company's stock worth $898,000 after acquiring an additional 1,278 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of EverQuote by 81.9% during the 1st quarter. Pacer Advisors Inc. now owns 214,947 shares of the company's stock valued at $3,314,000 after acquiring an additional 96,796 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

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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