Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CAO Sells $79,975.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 3,199 shares of the business’s stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $25.00, for a total value of $79,975.00. Following the transaction, the chief accounting officer now owns 48,650 shares in the company, valued at approximately $1,216,250. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Jon Ayotte also recently made the following trade(s):

• On Tuesday, June 11th, Jon Ayotte sold 5,688 shares of EverQuote stock. The shares were sold at an average price of $21.16, for a total value of $120,358.08.
• On Tuesday, May 21st, Jon Ayotte sold 759 shares of EverQuote stock. The stock was sold at an average price of $24.88, for a total transaction of $18,883.92.

EverQuote Price Performance

Shares of EverQuote stock opened at $24.68 on Thursday. EverQuote, Inc. has a 1 year low of $5.36 and a 1 year high of $26.35. The business has a 50 day moving average price of $22.31 and a 200 day moving average price of $18.75. The company has a market capitalization of $856.89 million, a P/E ratio of -17.50 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The company had revenue of $91.07 million during the quarter, compared to analysts’ expectations of $80.36 million. EverQuote had a negative return on equity of 31.65% and a negative net margin of 17.37%. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.08) earnings per share. As a group, research analysts expect that EverQuote, Inc. will post 0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Needham & Company LLC raised their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Craig Hallum upped their price target on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Canaccord Genuity Group lifted their price objective on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, B. Riley upped their target price on EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a report on Tuesday, May 7th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $26.25.

Institutional Investors Weigh In On EverQuote

Several hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new position in shares of EverQuote during the fourth quarter valued at approximately $40,000. Asset Management One Co. Ltd. purchased a new position in shares of EverQuote during the 4th quarter worth $66,000. NewEdge Wealth LLC purchased a new position in shares of EverQuote during the 4th quarter worth $264,000. New York State Common Retirement Fund boosted its holdings 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 purchasing an additional 10,813 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of EverQuote by 446.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after purchasing an additional 4,215 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

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.