Jon Ayotte Sells 1,436 Shares of EverQuote (NASDAQ:EVER) Stock

Key Points

• Insider sale: EverQuote CAO Jon Ayotte sold 1,436 shares for approximately $38,011 at an average price of $26.47, reducing his holdings by 1.9% to 74,272 shares. He has also made several other sales since June.
• Stock performance and results: EverQuote shares fell 4.8% to $24.82, but the company recently reported quarterly EPS of $0.53 and revenue of $195.09 million, surpassing estimates and marking 24.6% year-over-year revenue growth.
• Analyst outlook: The stock has a consensus rating of “Moderate Buy” and an average price target of $28.17, although analyst views range from “Strong Sell” to “Buy.” Institutional investors own 91.54% of the company.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CAO Jon Ayotte sold 1,436 shares of the business's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $26.47, for a total value of $38,010.92. Following the completion of the transaction, the chief accounting officer owned 74,272 shares in the company, valued at $1,965,979.84. The trade was a 1.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jon Ayotte also recently made the following trade(s):

• On Monday, July 6th, Jon Ayotte sold 881 shares of EverQuote stock. The stock was sold at an average price of $24.96, for a total value of $21,989.76.
• On Wednesday, July 1st, Jon Ayotte sold 4,611 shares of EverQuote stock. The shares were sold at an average price of $24.15, for a total value of $111,355.65.
• On Monday, June 1st, Jon Ayotte sold 889 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total value of $17,780.00.

EverQuote Stock Down 4.8%

EVER stock traded down $1.26 during midday trading on Thursday, hitting $24.82. The company's stock had a trading volume of 702,475 shares, compared to its average volume of 844,271. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73. The firm has a market capitalization of $894.26 million, a price-to-earnings ratio of 8.06 and a beta of 0.62. The company has a 50 day moving average of $24.64 and a two-hundred day moving average of $19.71.

EverQuote (NASDAQ:EVER - Get Free Report) last released 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 firm had revenue of $195.09 million for the quarter, compared to analysts' expectations of $191.06 million. During the same quarter last year, the business posted $0.39 earnings per share. The company's revenue for the quarter was up 24.6% compared to the same quarter last year. On average, analysts anticipate that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. B. Riley Financial reissued a "buy" rating and set a $34.00 price objective (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Raymond James Financial reaffirmed an "outperform" rating and issued a $28.00 target price on shares of EverQuote in a report on Thursday, August 13th. Wall Street Zen downgraded EverQuote from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Zacks Research lowered EverQuote from a "hold" rating to a "strong sell" rating in a research note on Friday, August 7th. Finally, Needham & Company LLC raised their price target on EverQuote from $25.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, EverQuote presently has a consensus rating of "Moderate Buy" and an average price target of $28.17.

Institutional Trading of EverQuote

A number of large investors have recently made changes to their positions in EVER. Royal Bank of Canada grew its position in EverQuote by 1,705.9% in the first quarter. Royal Bank of Canada now owns 65,428 shares of the company's stock worth $1,713,000 after acquiring an additional 61,805 shares in the last quarter. Amundi purchased a new stake in EverQuote during the first quarter valued at approximately $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of EverQuote by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company's stock valued at $393,000 after purchasing an additional 624 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of EverQuote by 615.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company's stock worth $8,896,000 after purchasing an additional 292,172 shares during the period. Finally, Creative Planning boosted its holdings in shares of EverQuote by 32.4% in the 2nd quarter. Creative Planning now owns 10,526 shares of the company's stock worth $255,000 after purchasing an additional 2,576 shares during the period. 91.54% of the stock is currently owned by institutional investors.

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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