George Neble Sells 670 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director George Neble sold 670 shares of EverQuote stock in a transaction on Friday, April 10th. The shares were sold at an average price of $15.91, for a total transaction of $10,659.70. Following the sale, the director directly owned 51,491 shares of the company’s stock, valued at $819,221.81. This trade represents a 1.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

EverQuote Stock Up 2.3%

Shares of NASDAQ:EVER opened at $15.88 on Wednesday. The firm has a fifty day moving average of $15.81 and a two-hundred day moving average of $21.30. The firm has a market capitalization of $572.16 million, a P/E ratio of 6.02 and a beta of 0.62. EverQuote, Inc. has a 12-month low of $13.93 and a 12-month high of $28.73.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 23rd. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $1.19. The company had revenue of $195.32 million during the quarter, compared to analyst estimates of $176.82 million. EverQuote had a net margin of 14.34% and a return on equity of 57.65%. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Equities research analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EVER has been the subject of a number of research reports. Wall Street Zen lowered shares of EverQuote from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 4th. Raymond James Financial restated an “outperform” rating and set a $18.00 price target on shares of EverQuote in a report on Tuesday, February 17th. JPMorgan Chase & Co. decreased their price objective on shares of EverQuote from $32.00 to $22.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Craig Hallum reissued a “buy” rating and set a $20.00 target price on shares of EverQuote in a research report on Tuesday, February 24th. Finally, Needham & Company LLC cut their target price on EverQuote from $40.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.83.

Hedge Funds Weigh In On EverQuote

Institutional investors have recently modified their holdings of the company. Comerica Bank lifted its stake in shares of EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after buying an additional 772 shares during the last quarter. Versant Capital Management Inc raised its holdings in EverQuote by 108.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,153 shares of the company’s stock worth $26,000 after acquiring an additional 601 shares during the period. NewEdge Advisors LLC acquired a new position in EverQuote during the 3rd quarter worth $52,000. Clearstead Advisors LLC lifted its position in EverQuote by 70.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after acquiring an additional 826 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in EverQuote by 595.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,623 shares of the company’s stock worth $62,000 after acquiring an additional 2,246 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

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.