Jon Ayotte Sells 1,436 Shares of EverQuote (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVERGet Free Report) CAO Jon Ayotte sold 1,436 shares of EverQuote stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $26.47, for a total value of $38,010.92. Following the completion of the transaction, the chief accounting officer owned 74,272 shares of the company’s stock, valued at $1,965,979.84. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Monday, July 6th, Jon Ayotte sold 881 shares of EverQuote stock. The shares were sold at an average price of $24.96, for a total value of $21,989.76.
  • On Wednesday, July 1st, Jon Ayotte sold 4,611 shares of EverQuote stock. The shares were sold at an average price of $24.15, for a total value of $111,355.65.
  • 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 value of $17,780.00.

EverQuote Trading Up 3.4%

Shares of EVER opened at $25.66 on Friday. The firm has a market cap of $924.53 million, a price-to-earnings ratio of 8.33 and a beta of 0.62. The stock has a 50 day moving average of $24.85 and a 200-day moving average of $19.80. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73.

EverQuote (NASDAQ:EVERGet Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The business had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. During the same period in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was up 24.6% on a year-over-year basis. On average, sell-side analysts predict that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research lowered shares of EverQuote from a “hold” rating to a “strong sell” rating in a report on Friday, August 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $28.00 price objective on shares of EverQuote in a research report on Thursday, August 13th. Needham & Company LLC increased their price objective on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. started coverage on shares of EverQuote in a report on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price on the stock. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $28.17.

Get Our Latest Stock Report on EverQuote

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in EverQuote by 1,705.9% in the first quarter. Royal Bank of Canada now owns 65,428 shares of the company’s stock valued at $1,713,000 after buying an additional 61,805 shares during the last quarter. Amundi bought a new position in shares of EverQuote during the first quarter worth about $290,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of EverQuote by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,007 shares of the company’s stock worth $393,000 after acquiring an additional 624 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of EverQuote by 615.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,672 shares of the company’s stock worth $8,896,000 after acquiring an additional 292,172 shares during the period. Finally, Creative Planning lifted its position in EverQuote by 32.4% in the 2nd quarter. Creative Planning now owns 10,526 shares of the company’s stock valued at $255,000 after purchasing an additional 2,576 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

About EverQuote

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for EverQuote (NASDAQ:EVER)

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