EverQuote (NASDAQ:EVER) Stock: Insider Jayme Mendal Sells 20,980 Shares

Key Points

• CEO Jayme Mendal sold 20,980 EverQuote shares at an average price of $19.69, generating $413,096.20. The sale covered tax withholding tied to vested equity awards and reduced his holdings by 3.62% to 557,828 shares.
• EverQuote reported strong quarterly results, with revenue rising 24.6% year over year to $195.09 million and adjusted earnings of $0.53 per share, slightly exceeding analyst expectations.
• Analyst sentiment remains broadly positive, with six Buy ratings, one Hold and one Sell, producing a “Moderate Buy” consensus and an average price target of $28.17 versus the stock’s recent price of $19.41.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CEO Jayme Mendal sold 20,980 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $19.69, for a total transaction of $413,096.20. Following the sale, the chief executive officer owned 557,828 shares of the company's stock, valued at approximately $10,983,633.32. This represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jayme Mendal also recently made the following trade(s):

• On Tuesday, September 15th, Jayme Mendal sold 20,981 shares of EverQuote stock. The stock was sold at an average price of $24.27, for a total transaction of $509,208.87.

EverQuote Stock Performance

EVER traded down $0.09 on Monday, reaching $19.41. The company had a trading volume of 992,258 shares, compared to its average volume of 847,898. The stock has a market cap of $699.34 million, a P/E ratio of 6.30 and a beta of 0.68. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73. The company's fifty day moving average is $23.75 and its 200 day moving average is $20.98.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. During the same period last year, the business posted $0.39 earnings per share. The business's revenue for the quarter was up 24.6% compared to the same quarter last year. On average, sell-side analysts expect that EverQuote, Inc. will post 1.72 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EVER. Weiss Ratings raised EverQuote from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 26th. B. Riley Financial reissued a "buy" rating and issued a $34.00 target price (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Wall Street Zen downgraded shares of EverQuote from a "buy" rating to a "hold" rating in a research note on Sunday, September 20th. Zacks Research lowered shares of EverQuote from a "hold" rating to a "strong sell" rating in a research report on Friday, August 7th. Finally, Needham & Company LLC lifted their price objective 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. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $28.17.

Hedge Funds Weigh In On EverQuote

A number of hedge funds have recently added to or reduced their stakes in EVER. Jacobs Asset Management LLC raised its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of EverQuote by 37.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company's stock worth $10,728,000 after acquiring an additional 190,438 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of EverQuote during the 2nd quarter worth approximately $2,344,000. Renaissance Technologies LLC boosted its position in shares of EverQuote by 28.9% during the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company's stock worth $14,517,000 after acquiring an additional 211,360 shares in the last quarter. Finally, K.J. Harrison & Partners Inc increased its stake in EverQuote by 539.0% in the first quarter. K.J. Harrison & Partners Inc now owns 63,900 shares of the company's stock valued at $985,000 after acquiring an additional 53,900 shares during the last quarter. Institutional investors 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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