Insider Selling: EverQuote (NASDAQ:EVER) CEO Sells 14,360 Shares of Stock

Key Points

• EverQuote CEO Jayme Mendal sold 14,360 shares of stock at an average price of $24.53, totaling approximately $352,250, reducing his ownership by 2.80%.
• The company's stock is currently trading at $23.63 and has shown a positive trend with revenue increasing by 33.7% year-over-year.
• Wall Street analysts maintain a "buy" rating for EverQuote, with a target price of $38.00 as per recent research from Needham & Company LLC.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) CEO Jayme Mendal sold 14,360 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $24.53, for a total value of $352,250.80. Following the completion of the sale, the chief executive officer owned 498,420 shares of the company's stock, valued at $12,226,242.60. This represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, August 20th, Jayme Mendal sold 14,360 shares of EverQuote stock. The shares were sold at an average price of $22.86, for a total value of $328,269.60.
• On Monday, July 21st, Jayme Mendal sold 14,360 shares of EverQuote stock. The stock was sold at an average price of $24.87, for a total value of $357,133.20.

EverQuote Trading Up 0.3%

Shares of EverQuote stock traded up $0.06 during trading on Wednesday, reaching $23.63. The stock had a trading volume of 295,697 shares, compared to its average volume of 536,369. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The company has a market capitalization of $862.73 million, a price-to-earnings ratio of 19.06 and a beta of 0.54. The stock has a fifty day moving average price of $24.12 and a two-hundred day moving average price of $24.25.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, August 4th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. The company had revenue of $156.63 million for the quarter, compared to the consensus estimate of $157.19 million. EverQuote had a return on equity of 36.90% and a net margin of 7.57%.The firm's revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. EverQuote has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On EverQuote

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming grew its holdings in EverQuote by 107.1% in the second quarter. State of Wyoming now owns 16,058 shares of the company's stock worth $388,000 after purchasing an additional 8,306 shares during the period. Tower Research Capital LLC TRC grew its stake in EverQuote by 271.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company's stock valued at $79,000 after acquiring an additional 2,381 shares in the last quarter. State of Tennessee Department of Treasury purchased a new position in shares of EverQuote in the 2nd quarter worth $153,000. Man Group plc purchased a new position in shares of EverQuote in the 2nd quarter worth $1,110,000. Finally, Lazard Asset Management LLC boosted its stake in shares of EverQuote by 31.8% during the 2nd quarter. Lazard Asset Management LLC now owns 208,214 shares of the company's stock worth $5,033,000 after purchasing an additional 50,190 shares during the period. Hedge funds and other institutional investors own 91.54% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC restated a "buy" rating and issued a $38.00 target price on shares of EverQuote in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $32.40.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.

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