EverQuote, Inc. (NASDAQ:EVER – Get Free Report) CAO Jon Ayotte sold 4,611 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $24.15, for a total transaction of $111,355.65. Following the sale, the chief accounting officer directly owned 74,580 shares of the company’s stock, valued at approximately $1,801,107. The trade was a 5.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jon Ayotte also recently made the following trade(s):
- On Monday, June 1st, Jon Ayotte sold 889 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $17,780.00.
- On Tuesday, May 26th, Jon Ayotte sold 888 shares of EverQuote stock. The stock was sold at an average price of $18.69, for a total transaction of $16,596.72.
- On Thursday, May 21st, Jon Ayotte sold 285 shares of EverQuote stock. The shares were sold at an average price of $18.24, for a total transaction of $5,198.40.
- On Tuesday, May 5th, Jon Ayotte sold 363 shares of EverQuote stock. The shares were sold at an average price of $20.00, for a total transaction of $7,260.00.
- On Monday, April 6th, Jon Ayotte sold 364 shares of EverQuote stock. The shares were sold at an average price of $15.35, for a total transaction of $5,587.40.
EverQuote Trading Up 0.5%
NASDAQ EVER opened at $24.86 on Friday. The firm’s fifty day simple moving average is $19.50 and its two-hundred day simple moving average is $19.59. The firm has a market capitalization of $895.71 million, a P/E ratio of 8.46 and a beta of 0.61. EverQuote, Inc. has a 12-month low of $13.88 and a 12-month high of $28.73.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on EVER. Weiss Ratings upgraded EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. Wall Street Zen raised shares of EverQuote from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of EverQuote in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.17.
Get Our Latest Research Report on EVER
Institutional Investors Weigh In On EverQuote
A number of institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of EverQuote by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock valued at $393,000 after purchasing an additional 624 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of EverQuote by 4.3% in the second quarter. Cetera Investment Advisers now owns 16,204 shares of the company’s stock worth $392,000 after acquiring an additional 675 shares during the last quarter. Comerica Bank raised its holdings in shares of EverQuote by 235.4% in the third quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after acquiring an additional 772 shares during the last quarter. Legal & General Group Plc lifted its position in shares of EverQuote by 3.3% in the third quarter. Legal & General Group Plc now owns 24,301 shares of the company’s stock valued at $556,000 after acquiring an additional 776 shares in the last quarter. Finally, Zacks Investment Management boosted its stake in shares of EverQuote by 1.2% during the fourth quarter. Zacks Investment Management now owns 66,281 shares of the company’s stock valued at $1,790,000 after acquiring an additional 782 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.
About EverQuote
EverQuote, Inc operates an online insurance marketplace that connects consumers with insurance providers across the United States. Founded in 2011 and headquartered in Cambridge, Massachusetts, the company leverages proprietary technology to match individuals seeking coverage with insurers offering competitive rates. Since its initial public offering in 2020, EverQuote has focused on expanding its digital platform and enhancing the efficiency of its lead-generation processes.
The company’s core business centers on a quote-comparison engine for personal auto, home, and health insurance products.
Featured Articles
- Five stocks we like better than EverQuote
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for EverQuote Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EverQuote and related companies with MarketBeat.com's FREE daily email newsletter.
