EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte Sells 7,647 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CAO Jon Ayotte sold 7,647 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $25.72, for a total value of $196,680.84. Following the completion of the transaction, the chief accounting officer now owns 58,045 shares of the company’s stock, valued at $1,492,917.40. The trade was a 11.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, February 21st, Jon Ayotte sold 460 shares of EverQuote stock. The shares were sold at an average price of $21.21, for a total transaction of $9,756.60.
• On Wednesday, February 19th, Jon Ayotte sold 364 shares of EverQuote stock. The stock was sold at an average price of $22.21, for a total transaction of $8,084.44.

EverQuote Trading Up 4.3 %

EverQuote stock opened at $26.88 on Friday. The firm has a market capitalization of $950.23 million, a P/E ratio of 79.06 and a beta of 0.96. The business has a 50-day moving average of $20.44 and a 200-day moving average of $20.21. EverQuote, Inc. has a 1 year low of $14.28 and a 1 year high of $28.09.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share 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 return on equity of 13.94% and a net margin of 3.31%. Research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On EverQuote

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp raised its stake in shares of EverQuote by 65.3% in the 4th quarter. Mackenzie Financial Corp now owns 104,303 shares of the company’s stock valued at $2,085,000 after purchasing an additional 41,222 shares during the period. Warm Springs Advisors Inc. acquired a new position in EverQuote during the fourth quarter worth $1,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of EverQuote by 34.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company’s stock valued at $950,000 after acquiring an additional 12,118 shares during the period. Squarepoint Ops LLC lifted its stake in EverQuote by 47.2% in the 4th quarter. Squarepoint Ops LLC now owns 371,595 shares of the company’s stock valued at $7,428,000 after purchasing an additional 119,189 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in EverQuote by 59.7% during the fourth quarter. Two Sigma Advisers LP now owns 52,700 shares of the company’s stock worth $1,053,000 after buying an additional 19,700 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on EVER shares. JPMorgan Chase & Co. upped their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday. Needham & Company LLC increased 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. Canaccord Genuity Group reduced their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. B. Riley decreased their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $32.33.

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.