Insider Selling: EverQuote (NASDAQ:EVER) CEO Sells $391,310.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 14,360 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $27.25, for a total value of $391,310.00. Following the completion of the sale, the chief executive officer owned 438,052 shares of the company’s stock, valued at $11,936,917. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, November 20th, Jayme Mendal sold 14,360 shares of EverQuote stock. The stock was sold at an average price of $23.55, for a total value of $338,178.00.
• On Monday, October 20th, Jayme Mendal sold 14,360 shares of EverQuote stock. The stock was sold at an average price of $19.46, for a total value of $279,445.60.

EverQuote Stock Up 0.2%

Shares of EVER opened at $26.79 on Friday. EverQuote, Inc. has a 52-week low of $17.20 and a 52-week high of $30.03. The company has a market capitalization of $963.19 million, a PE ratio of 18.73 and a beta of 0.46. The stock has a fifty day simple moving average of $24.81 and a two-hundred day simple moving average of $24.20.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.13. EverQuote had a net margin of 8.36% and a return on equity of 38.19%. The firm had revenue of $173.94 million for the quarter, compared to analysts’ expectations of $166.09 million. During the same quarter in the previous year, the company posted $0.31 EPS. The company’s revenue was up 20.3% compared to the same quarter last year. As a group, equities analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Needham & Company LLC upped their price objective on EverQuote from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. lifted their target price on EverQuote from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of EverQuote in a research note on Wednesday, October 8th. Zacks Research raised EverQuote from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen lowered shares of EverQuote from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $34.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of EverQuote by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,201,338 shares of the company’s stock valued at $50,345,000 after buying an additional 123,728 shares during the period. Acadian Asset Management LLC boosted its holdings in EverQuote by 1.2% during the 2nd quarter. Acadian Asset Management LLC now owns 866,481 shares of the company’s stock valued at $20,939,000 after acquiring an additional 10,233 shares during the period. Qube Research & Technologies Ltd grew its position in EverQuote by 27.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company’s stock valued at $19,347,000 after acquiring an additional 171,787 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in EverQuote by 3.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 727,956 shares of the company’s stock valued at $16,648,000 after acquiring an additional 26,980 shares in the last quarter. Finally, Emerald Advisers LLC increased its stake in EverQuote by 11.2% during the third quarter. Emerald Advisers LLC now owns 689,253 shares of the company’s stock worth $15,763,000 after purchasing an additional 69,668 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.