Jayme Mendal Sells 14,360 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 14,360 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $24.15, for a total transaction of $346,794.00. Following the completion of the sale, the chief executive officer owned 406,404 shares in the company, valued at $9,814,656.60. This represents a 3.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, December 22nd, Jayme Mendal sold 14,360 shares of EverQuote stock. The stock was sold at an average price of $27.25, for a total value of $391,310.00.
• On Thursday, November 20th, Jayme Mendal sold 14,360 shares of EverQuote stock. The shares were sold at an average price of $23.55, for a total value of $338,178.00.

EverQuote Stock Performance

EverQuote stock opened at $24.45 on Friday. EverQuote, Inc. has a fifty-two week low of $17.35 and a fifty-two week high of $30.03. The company has a market capitalization of $879.22 million, a price-to-earnings ratio of 17.10 and a beta of 0.46. The stock has a fifty day moving average of $26.10 and a two-hundred day moving average of $24.34.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.13. The business had revenue of $173.94 million for the quarter, compared to analyst estimates of $166.09 million. EverQuote had a return on equity of 38.19% and a net margin of 8.36%.The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. On average, analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of EverQuote

Several institutional investors have recently made changes to their positions in EVER. Allspring Global Investments Holdings LLC lifted its stake in shares of EverQuote by 37.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 475,691 shares of the company’s stock worth $10,546,000 after purchasing an additional 128,426 shares in the last quarter. D.A. Davidson & CO. acquired a new position in EverQuote during the 3rd quarter worth approximately $1,100,000. Emerald Advisers LLC boosted its holdings in EverQuote by 11.2% in the 3rd quarter. Emerald Advisers LLC now owns 689,253 shares of the company’s stock worth $15,763,000 after acquiring an additional 69,668 shares during the period. Acadian Asset Management LLC grew its position in EverQuote by 1.2% in the second 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 in the last quarter. Finally, Sigma Planning Corp raised its stake in shares of EverQuote by 212.5% during the second quarter. Sigma Planning Corp now owns 34,517 shares of the company’s stock valued at $835,000 after purchasing an additional 23,472 shares during the period. 91.54% of the stock is owned by hedge funds and other 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.