EverQuote, Inc. (NASDAQ:EVER – Get Free Report) CFO Joseph Sanborn sold 642 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $24.50, for a total value of $15,729.00. Following the completion of the sale, the chief financial officer owned 318,575 shares in the company, valued at approximately $7,805,087.50. This trade represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Joseph Sanborn also recently made the following trade(s):
- On Monday, June 8th, Joseph Sanborn sold 6,666 shares of EverQuote stock. The stock was sold at an average price of $19.28, for a total value of $128,520.48.
- On Thursday, May 7th, Joseph Sanborn sold 20,000 shares of EverQuote stock. The stock was sold at an average price of $20.70, for a total value of $414,000.00.
EverQuote Stock Performance
EverQuote stock traded down $0.47 during midday trading on Wednesday, reaching $24.80. The stock had a trading volume of 774,046 shares, compared to its average volume of 892,690. The stock has a market capitalization of $893.54 million, a P/E ratio of 8.44 and a beta of 0.61. The firm’s fifty day simple moving average is $20.08 and its 200-day simple moving average is $19.55. EverQuote, Inc. has a 1-year low of $13.88 and a 1-year high of $28.73.
Institutional Trading of EverQuote
A number of large investors have recently added to or reduced their stakes in EVER. Comerica Bank grew its position in shares of EverQuote by 235.4% in the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock valued at $25,000 after acquiring an additional 772 shares during the period. Signature Equity Partners LLC increased its stake in shares of EverQuote by 65.5% during the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after purchasing an additional 842 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of EverQuote in the 3rd quarter valued at about $52,000. Clearstead Advisors LLC raised its holdings in shares of EverQuote by 70.5% in the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock valued at $54,000 after purchasing an additional 826 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in EverQuote by 271.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock valued at $79,000 after purchasing an additional 2,381 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.
Wall Street Analyst Weigh In
EVER has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on EverQuote from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of EverQuote in a report on Tuesday, May 5th. Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.17.
Read Our Latest Report on EverQuote
EverQuote Company Profile
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.
Read More
- Five stocks we like better than EverQuote
- A Market Panic Just Discounted the AI Highway’s Tollbooth
- Why Exxon Could Be the Market’s Next Big Comeback Stock
- The Market Just Got Shaken—These 3 ETFs May Come Out Stronger
- Meta Platforms’ Cloud Push: Growth Opportunity Versus AI Concerns
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.
