EverQuote, Inc. (NASDAQ:EVER) CEO Sells $1,827,834.19 in Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 65,117 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $28.07, for a total value of $1,827,834.19. Following the completion of the sale, the chief executive officer now owns 619,156 shares of the company’s stock, valued at approximately $17,379,708.92. This trade represents a 9.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

EverQuote Stock Up 2.4 %

NASDAQ:EVER opened at $28.71 on Monday. The business’s 50 day moving average is $22.60 and its two-hundred day moving average is $20.58. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $29.07. The company has a market cap of $1.03 billion, a PE ratio of 84.44 and a beta of 1.01.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EVER. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Thursday, December 26th. Canaccord Genuity Group lowered their price objective on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. raised their price objective on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Needham & Company LLC raised their price objective on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, EverQuote has an average rating of “Buy” and a consensus price target of $32.33.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EVER. Victory Capital Management Inc. lifted its holdings in EverQuote by 97.3% during the 3rd quarter. Victory Capital Management Inc. now owns 29,019 shares of the company’s stock worth $612,000 after buying an additional 14,311 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of EverQuote by 636.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after purchasing an additional 90,500 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of EverQuote by 255.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after purchasing an additional 172,785 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of EverQuote by 29.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,570 shares of the company’s stock worth $413,000 after purchasing an additional 4,506 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

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.