EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn Sells 1,063 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 1,063 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $26.29, for a total transaction of $27,946.27. Following the completion of the sale, the chief financial officer now directly owns 270,865 shares of the company’s stock, valued at $7,121,040.85. The trade was a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, February 19th, Joseph Sanborn sold 744 shares of EverQuote stock. The shares were sold at an average price of $22.21, for a total transaction of $16,524.24.
• On Monday, January 6th, Joseph Sanborn sold 1,192 shares of EverQuote stock. The stock was sold at an average price of $20.04, for a total transaction of $23,887.68.

EverQuote Stock Performance

Shares of EVER opened at $21.66 on Friday. The company has a market capitalization of $773.78 million, a PE ratio of 63.71 and a beta of 0.77. The company’s 50 day moving average price is $24.29 and its 200 day moving average price is $20.92. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.15 by $0.18. The business had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. On average, equities analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverQuote

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in EverQuote by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock valued at $40,314,000 after acquiring an additional 24,347 shares in the last quarter. Toronado Partners LLC lifted its position in shares of EverQuote by 59.7% in the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after buying an additional 268,670 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of EverQuote by 32.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock worth $13,076,000 after acquiring an additional 161,426 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of EverQuote during the 4th quarter valued at about $12,311,000. Finally, Geode Capital Management LLC raised its stake in shares of EverQuote by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 600,365 shares of the company’s stock valued at $12,004,000 after acquiring an additional 5,210 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EVER has been the topic of a number of recent research reports. Canaccord Genuity Group decreased their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Thursday, December 26th. JPMorgan Chase & Co. upped their price objective on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Needham & Company LLC lifted their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $32.33.

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.