EverQuote, Inc. (NASDAQ:EVER) CAO Sells $196,680.84 in Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 7,647 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $25.72, for a total value of $196,680.84. Following the transaction, the chief accounting officer now directly owns 58,045 shares of the company’s stock, valued at $1,492,917.40. This represents a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, February 21st, Jon Ayotte sold 460 shares of EverQuote stock. The stock was sold at an average price of $21.21, for a total value of $9,756.60.
• On Wednesday, February 19th, Jon Ayotte sold 364 shares of EverQuote stock. The shares were sold at an average price of $22.21, for a total value of $8,084.44.

EverQuote Trading Up 4.3 %

NASDAQ:EVER traded up $1.10 on Friday, hitting $26.88. The company’s stock had a trading volume of 731,126 shares, compared to its average volume of 536,001. The stock has a fifty day moving average of $20.25 and a two-hundred day moving average of $20.17. The firm has a market capitalization of $950.23 million, a P/E ratio of 79.06 and a beta of 0.96. EverQuote, Inc. has a one year low of $14.28 and a one year high of $28.09.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. The company had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. As a group, sell-side analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Hedge Funds Weigh In On EverQuote

A number of large investors have recently made changes to their positions in EVER. Gladius Capital Management LP bought a new position in shares of EverQuote during the third quarter worth approximately $26,000. R Squared Ltd bought a new position in EverQuote during the 4th quarter worth $34,000. Quarry LP increased its stake in EverQuote by 100.7% during the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after acquiring an additional 1,452 shares during the period. Quantbot Technologies LP increased its stake in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after acquiring an additional 2,042 shares during the period. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

EVER has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research report on Thursday, December 26th. Canaccord Genuity Group reduced their price target on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday. Needham & Company LLC upped their price objective on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, B. Riley dropped their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $32.33.

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.