John Shields Sells 3,126 Shares of EverQuote (NASDAQ:EVER) Stock

Key Points

• EverQuote Director John Shields sold 3,126 shares at an average price of $26.39, totaling $82,495.14 and reducing his direct ownership by 9.11%.
• EverQuote shares fell 4.8% to $24.82, despite the company reporting quarterly EPS of $0.53 and revenue of $195.09 million, up 24.6% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $28.17, while institutional investors own 91.54% of the company’s stock.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director John Shields sold 3,126 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $26.39, for a total transaction of $82,495.14. Following the transaction, the director directly owned 31,198 shares in the company, valued at $823,315.22. The trade was a 9.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EverQuote Stock Down 4.8%

EverQuote stock traded down $1.26 during midday trading on Thursday, hitting $24.82. 702,475 shares of the stock were exchanged, compared to its average volume of 844,271. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73. The stock has a market capitalization of $894.26 million, a price-to-earnings ratio of 8.06 and a beta of 0.62. The business's 50-day moving average price is $24.64 and its 200-day moving average price is $19.71.

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

Hedge Funds Weigh In On EverQuote

Several institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its position in shares of EverQuote by 2,495.5% in the second quarter. California State Teachers Retirement System now owns 727,593 shares of the company's stock valued at $17,309,000 after purchasing an additional 699,560 shares during the period. Lazard Asset Management LLC boosted its holdings in EverQuote by 81.7% in the 4th quarter. Lazard Asset Management LLC now owns 901,207 shares of the company's stock worth $24,333,000 after buying an additional 405,237 shares during the period. Balyasny Asset Management L.P. boosted its holdings in EverQuote by 110.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 687,367 shares of the company's stock worth $15,720,000 after buying an additional 361,082 shares during the period. AQR Capital Management LLC grew its stake in EverQuote by 95.1% in the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company's stock valued at $15,853,000 after buying an additional 319,618 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company's stock valued at $13,412,000 after buying an additional 293,160 shares in the last quarter. 91.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

EVER has been the topic of a number of recent analyst reports. Wall Street Zen lowered EverQuote from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. began coverage on EverQuote in a research report on Monday. They set an "overweight" rating and a $29.00 target price for the company. Needham & Company LLC lifted their target price on EverQuote from $25.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Weiss Ratings reissued a "hold (c)" rating on shares of EverQuote in a report on Wednesday, August 12th. Finally, Raymond James Financial restated an "outperform" rating and set a $28.00 price target on shares of EverQuote in a research report on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, EverQuote presently has a consensus rating of "Moderate Buy" and an average target price of $28.17.

About EverQuote

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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