EverQuote (NASDAQ:EVER) Director Sells 1,593 Shares of Stock

Key Points

• Director George Neble sold 1,593 EverQuote shares at an average price of $20.83, generating $33,182.19 and reducing his position by 2.74% to 56,547 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 $20.61, with a 52-week range of $13.88 to $28.73.
• Analysts maintain a generally positive view, with six Buy and two Hold ratings, an average “Moderate Buy” consensus, and an average price target of $28.17; institutional investors own 91.54% of the company.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director George Neble sold 1,593 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $20.83, for a total transaction of $33,182.19. Following the transaction, the director owned 56,547 shares in the company, valued at approximately $1,177,874.01. The trade was a 2.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EverQuote Price Performance

EVER traded up $0.50 during trading on Tuesday, hitting $20.61. 578,736 shares of the stock traded hands, compared to its average volume of 838,347. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73. The company has a market cap of $742.58 million, a price-to-earnings ratio of 6.69 and a beta of 0.68. The business has a 50 day moving average price of $23.03 and a 200 day moving average price of $21.16.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. During the same period in the previous year, the firm posted $0.39 EPS. The firm's revenue was up 24.6% on a year-over-year basis. On average, equities research analysts predict that EverQuote, Inc. will post 1.72 earnings per share for the current year.

Analyst Ratings Changes

EVER has been the subject of several recent analyst reports. Weiss Ratings raised EverQuote from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 26th. Raymond James Financial reiterated an "outperform" rating and issued a $28.00 target price on shares of EverQuote in a report on Thursday, August 13th. Zacks Research raised EverQuote from a "strong sell" rating to a "hold" rating in a research note on Friday, October 2nd. Needham & Company LLC increased their price target on EverQuote from $25.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. Finally, Wall Street Zen cut EverQuote from a "buy" rating to a "hold" rating in a report on Sunday, September 20th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, EverQuote currently has an average rating of "Moderate Buy" and an average target price of $28.17.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EVER. Renaissance Technologies LLC lifted its holdings in shares of EverQuote by 28.9% in the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company's stock valued at $14,517,000 after purchasing an additional 211,360 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in EverQuote by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company's stock worth $13,412,000 after buying an additional 293,160 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in EverQuote by 1.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company's stock valued at $11,470,000 after buying an additional 13,276 shares during the last quarter. Dimensional Fund Advisors LP raised its position in EverQuote by 37.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company's stock valued at $10,728,000 after buying an additional 190,438 shares during the last quarter. Finally, Jacobs Asset Management LLC raised its position in EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company's stock valued at $6,219,000 after buying an additional 268,819 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 marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.

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