Joseph Sanborn Sells 644 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 644 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $20.90, for a total transaction of $13,459.60. Following the transaction, the chief financial officer now directly owns 216,411 shares in the company, valued at $4,522,989.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, April 4th, Joseph Sanborn sold 8,051 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $161,020.00.

EverQuote Stock Performance

EVER traded down $0.12 during trading on Wednesday, hitting $21.47. The stock had a trading volume of 207,975 shares, compared to its average volume of 428,333. The company has a market capitalization of $745.44 million, a PE ratio of -15.23 and a beta of 0.96. EverQuote, Inc. has a twelve month low of $5.36 and a twelve month high of $25.69. The stock has a 50 day simple moving average of $21.90 and a two-hundred day simple moving average of $17.57.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.12. The company had revenue of $91.07 million during the quarter, compared to the consensus estimate of $80.36 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. EverQuote’s revenue was down 16.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.08) earnings per share. On average, equities research analysts anticipate that EverQuote, Inc. will post 0.05 EPS for the current year.

Institutional Investors Weigh In On EverQuote

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of EverQuote during the fourth quarter worth $40,000. Tower Research Capital LLC TRC lifted its stake in shares of EverQuote by 446.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock worth $63,000 after buying an additional 4,215 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of EverQuote during the fourth quarter worth $66,000. New York State Common Retirement Fund lifted its stake in shares of EverQuote by 25.6% during the fourth quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock worth $649,000 after buying an additional 10,813 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of EverQuote during the first quarter worth $211,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Craig Hallum raised their target price on shares of EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. B. Riley raised their target price on shares of EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Needham & Company LLC raised their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Canaccord Genuity Group raised their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Six analysts have rated the stock with a buy rating, According to MarketBeat, EverQuote currently has a consensus rating of “Buy” and an average price target of $26.25.

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.