EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal Sells 65,117 Shares

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 65,117 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $28.07, for a total transaction of $1,827,834.19. Following the sale, the chief executive officer now owns 619,156 shares in the company, valued at approximately $17,379,708.92. This trade represents a 9.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

EverQuote Stock Performance

EVER stock opened at $28.71 on Friday. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $29.07. The firm’s fifty day moving average is $22.60 and its 200 day moving average is $20.60. The firm has a market cap of $1.03 billion, a P/E ratio of 84.44 and a beta of 1.01.

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

Institutional Investors Weigh In On EverQuote

Large investors have recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in EverQuote in the 4th quarter worth $34,000. Quarry LP grew its holdings in EverQuote by 100.7% in the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after acquiring an additional 1,452 shares during the last quarter. Quantbot Technologies LP grew its holdings in EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in EverQuote by 80.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after acquiring an additional 2,042 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of EverQuote in the 4th quarter worth about $90,000. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

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