EverQuote, Inc. (NASDAQ:EVER – Get Free Report) CFO Joseph Sanborn sold 6,667 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $25.51, for a total value of $170,075.17. Following the transaction, the chief financial officer directly owned 305,241 shares of the company’s stock, valued at $7,786,697.91. This represents a 2.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Joseph Sanborn also recently made the following trade(s):
- On Wednesday, July 8th, Joseph Sanborn sold 6,667 shares of EverQuote stock. The shares were sold at an average price of $24.63, for a total value of $164,208.21.
- On Monday, July 6th, Joseph Sanborn sold 642 shares of EverQuote stock. The shares were sold at an average price of $24.50, for a total value of $15,729.00.
- 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.
EverQuote Stock Down 1.8%
Shares of EVER stock opened at $25.09 on Wednesday. EverQuote, Inc. has a 12 month low of $13.88 and a 12 month high of $28.73. The firm has a market cap of $903.99 million, a PE ratio of 8.15 and a beta of 0.62. The stock has a 50 day moving average of $23.42 and a 200-day moving average of $19.45.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of EverQuote from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 15th. JPMorgan Chase & Co. lifted their target price on EverQuote from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 5th. Zacks Research lowered EverQuote from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Finally, B. Riley Financial reaffirmed a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.67.
Get Our Latest Research Report on EVER
Institutional Investors Weigh In On EverQuote
Several institutional investors and hedge funds have recently made changes to their positions in EVER. Comerica Bank increased its position in shares of EverQuote by 235.4% during the 3rd quarter. Comerica Bank now owns 1,100 shares of the company’s stock worth $25,000 after purchasing an additional 772 shares in the last quarter. Signature Equity Partners LLC boosted its position in EverQuote by 65.5% in the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after buying an additional 842 shares in the last quarter. NewEdge Advisors LLC acquired a new position in EverQuote in the third quarter valued at about $52,000. Clearstead Advisors LLC grew its stake in EverQuote by 70.5% during the fourth quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after buying an additional 826 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in EverQuote by 271.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,259 shares of the company’s stock worth $79,000 after buying an additional 2,381 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.
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.
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