Joseph Sanborn Sells 1,192 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 1,192 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $20.04, for a total transaction of $23,887.68. Following the transaction, the chief financial officer now directly owns 193,129 shares in the company, valued at approximately $3,870,305.16. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Joseph Sanborn also recently made the following trade(s):

• On Monday, November 18th, Joseph Sanborn sold 745 shares of EverQuote stock. The stock was sold at an average price of $18.34, for a total transaction of $13,663.30.

EverQuote Stock Performance

Shares of EVER stock opened at $18.93 on Friday. EverQuote, Inc. has a fifty-two week low of $10.21 and a fifty-two week high of $28.09. The stock’s fifty day moving average price is $18.78 and its two-hundred day moving average price is $20.77. The company has a market cap of $669.18 million, a PE ratio of 55.68 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. EverQuote’s revenue was up 162.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) earnings per share. On average, equities analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On EverQuote

Several hedge funds and other institutional investors have recently made changes to their positions in EVER. Charles Schwab Investment Management Inc. boosted its position in EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after buying an additional 172,785 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 valued at $2,209,000 after acquiring an additional 90,500 shares during the last quarter. Geode Capital Management LLC grew its position in EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after acquiring an additional 56,114 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in EverQuote in the 2nd quarter worth about $782,000. Finally, Barclays PLC raised its position in EverQuote by 331.2% in the third quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after purchasing an additional 39,160 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. B. Riley cut their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, 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 note on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, EverQuote currently has a consensus rating of “Buy” and an average target price of $32.17.

About EverQuote

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.