EverQuote (NASDAQ:EVER) CEO Sells 20,981 Shares of Stock

Key Points

• CEO Jayme Mendal sold 20,981 EverQuote shares at an average price of $24.27, generating approximately $509,209. Following the transaction, Mendal retained 591,160 shares, a 3.43% reduction in their position.
• EverQuote shares fell 1.9% to $22.89, while the company reported quarterly revenue of $195.09 million and earnings of $0.53 per share, exceeding analyst expectations. Revenue increased 24.6% year over year.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a $28.17 price target; institutional investors own 91.54% of the company’s stock.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CEO Jayme Mendal sold 20,981 shares of the company's stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $24.27, for a total value of $509,208.87. Following the completion of the sale, the chief executive officer owned 591,160 shares of the company's stock, valued at $14,347,453.20. This represents a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

EverQuote Trading Down 1.9%

Shares of EVER stock traded down $0.45 on Thursday, reaching $22.89. The company had a trading volume of 834,360 shares, compared to its average volume of 820,477. The stock has a market cap of $824.73 million, a PE ratio of 7.43 and a beta of 0.67. The company has a 50-day moving average of $25.10 and a 200-day moving average of $20.67. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73.

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

Institutional Investors Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Signature Equity Partners LLC boosted its position in EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company's stock worth $33,000 after acquiring an additional 842 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of EverQuote by 70.5% in the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company's stock valued at $54,000 after purchasing an additional 826 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of EverQuote in the second quarter worth $55,000. Allworth Financial LP lifted its position in shares of EverQuote by 63.7% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company's stock worth $61,000 after purchasing an additional 997 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in EverQuote by 100.1% during the second quarter. IFP Advisors Inc now owns 3,219 shares of the company's stock worth $77,000 after purchasing an additional 1,610 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EVER shares. Needham & Company LLC upped their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. started coverage on EverQuote in a research note on Monday, August 24th. They issued an "overweight" rating and a $29.00 target price for the company. Weiss Ratings raised EverQuote from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, August 26th. Wall Street Zen upgraded EverQuote from a "hold" rating to a "buy" rating in a research report on Saturday, September 12th. Finally, Raymond James Financial reissued an "outperform" rating and set a $28.00 target price on shares of EverQuote in a research note on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, EverQuote presently has an average rating of "Moderate Buy" and an average price target of $28.17.

EverQuote Company Profile

EverQuote, Inc NASDAQ: EVER operates an online insurance marketplace that connects consumers with insurance providers and agents. The company uses data, technology and digital marketing to help shoppers compare insurance options and connect with providers that may be able to meet their coverage needs.

EverQuote's marketplace has primarily focused on auto insurance and has also supported shopping for home, renters, life, health and commercial insurance products. Its platform provides insurance companies and agencies with consumer leads and customer-acquisition solutions designed to help them reach prospective policyholders.

Founded in 2011 and headquartered in Cambridge, Massachusetts, EverQuote serves consumers and insurance providers in the United States.

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