EverQuote, Inc. (NASDAQ:EVER – Get Free Report) CFO Joseph Sanborn sold 6,666 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $19.28, for a total value of $128,520.48. Following the completion of the transaction, the chief financial officer directly owned 327,820 shares in the company, valued at $6,320,369.60. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Joseph Sanborn also recently made the following trade(s):
- 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.
- On Thursday, April 2nd, Joseph Sanborn sold 650 shares of EverQuote stock. The stock was sold at an average price of $14.42, for a total value of $9,373.00.
EverQuote Price Performance
Shares of EVER opened at $19.94 on Friday. The company has a market capitalization of $718.47 million, a P/E ratio of 6.78 and a beta of 0.65. EverQuote, Inc. has a one year low of $13.88 and a one year high of $28.73. The business’s 50 day simple moving average is $17.71 and its 200-day simple moving average is $20.14.
Analysts Set New Price Targets
Several research analysts have issued reports on EVER shares. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of EverQuote in a report on Tuesday, May 5th. Craig Hallum reaffirmed a “buy” rating and set a $20.00 price objective on shares of EverQuote in a report on Tuesday, February 24th. Wall Street Zen raised EverQuote from a “hold” rating to a “buy” rating in a report on Sunday, May 31st. Raymond James Financial reaffirmed an “outperform” rating and set a $18.00 price objective on shares of EverQuote in a report on Tuesday, February 17th. Finally, Weiss Ratings raised EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.17.
Get Our Latest Analysis on EverQuote
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC lifted its holdings in EverQuote by 76.5% during the 1st quarter. Segall Bryant & Hamill LLC now owns 69,803 shares of the company’s stock worth $1,076,000 after buying an additional 30,250 shares in the last quarter. Amundi raised its position in shares of EverQuote by 198.5% during the 1st quarter. Amundi now owns 119,848 shares of the company’s stock valued at $1,848,000 after acquiring an additional 79,700 shares during the last quarter. Royal Bank of Canada raised its position in shares of EverQuote by 15.2% during the 1st quarter. Royal Bank of Canada now owns 60,404 shares of the company’s stock valued at $931,000 after acquiring an additional 7,959 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of EverQuote by 254.6% during the 1st quarter. Quantinno Capital Management LP now owns 115,013 shares of the company’s stock valued at $1,774,000 after acquiring an additional 82,579 shares during the last quarter. Finally, Jacobs Asset Management LLC raised its position in shares of EverQuote by 199.9% during the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after acquiring an additional 268,819 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.
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.
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