EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal Sells 65,117 Shares

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 65,117 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $28.07, for a total transaction of $1,827,834.19. Following the sale, the chief executive officer now directly owns 619,156 shares of the company’s stock, valued at approximately $17,379,708.92. This trade represents a 9.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

EverQuote Trading Up 2.4 %

EVER opened at $28.71 on Friday. The stock has a 50-day moving average of $22.60 and a 200 day moving average of $20.59. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $29.07. The firm has a market cap of $1.03 billion, a P/E ratio of 84.44 and a beta of 1.01.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $147.46 million during the quarter, compared to analysts’ expectations of $133.83 million. On average, research analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EVER. R Squared Ltd bought a new stake in shares of EverQuote in the 4th quarter worth about $34,000. Quarry LP boosted its position in shares of EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after buying an additional 1,452 shares during the period. Quantbot Technologies LP grew its stake in shares of EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after buying an additional 1,874 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of EverQuote in the fourth quarter worth approximately $90,000. Finally, Asset Management One Co. Ltd. lifted its stake in shares of EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after acquiring an additional 2,042 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EVER shares. Needham & Company LLC raised their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Canaccord Genuity Group dropped their price target on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $32.33.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.