EverQuote, Inc. CFO Joseph Sanborn Sells 744 Shares of Stock

On February 19th, Joseph Sanborn, the Chief Financial Officer (CFO) of EverQuote, Inc. (NASDAQ:EVER), completed the sale of 744 shares of the company's stock. The shares were sold at an average price of $22.21, resulting in a total transaction value of $16,524.24. As a result of this transaction, Sanborn now owns 239,838 shares of EverQuote, which are valued at approximately $5,326,801.98. This sale represents a decrease of 0.31% in his total shareholding.

The details of this transaction were disclosed in a filing made with the Securities and Exchange Commission (SEC). In addition, Joseph Sanborn executed another notable trade on January 6th, selling 1,192 shares at an average price of $20.04, which amounted to a total value of $23,887.68.

EverQuote Stock Trends Downward

As of Friday, the trading day observed a decline in EverQuote shares, with the stock falling by 4.1% to reach $20.78. The trading volume for the day was reported at 467,863 shares, significantly surpassing the average volume of 416,052 shares. Currently, EverQuote has a market capitalization of $734.42 million, a P/E ratio of 61.10, and a beta of 0.96. The stock has seen a 12-month low of $14.28 and a high of $28.09, with a 50-day moving average of $19.63 and a 200-day moving average of $20.18.

Analysts Predict Growth for EverQuote

Wall Street analysts have been actively discussing EverQuote, with several firms offering new insights. Raymond James recently elevated its rating for EverQuote from 'outperform' to 'strong-buy,' setting a target price of $35.00. Conversely, JPMorgan Chase & Co. lowered its target price from $28.00 to $25.00 while maintaining an 'overweight' rating for the stock. Additionally, B. Riley reduced its target price from $36.50 to $29.00, also assigning a 'buy' rating. Currently, five investment analysts recommend a buy rating for EverQuote, while one analyst has given it a strong buy rating. According to MarketBeat, EverQuote holds a consensus rating of 'Buy' and a target price consensus of $31.67.

Institutional Investments in EverQuote

Institutional investors and hedge funds have also been active in trading EverQuote's stocks. Gladius Capital Management LP purchased a new stake in the company worth approximately $26,000 during the third quarter. R Squared Ltd acquired shares valued at $34,000 in the fourth quarter. Quarry LP increased its stake by 100.7% during the third quarter, now holding 2,894 shares valued at $61,000 after acquiring an additional 1,452 shares during that period. Similarly, Quantbot Technologies LP raised its share ownership by 115.1%, owning 3,502 shares worth $74,000 after buying more shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position by 80.4% in the fourth quarter, now managing 4,582 shares valued at $90,000. Overall, hedge funds and institutional investors collectively own 91.54% of EverQuote's stock.

Overview of EverQuote, Inc.

EverQuote, Inc operates a digital marketplace focused on insurance shopping across the United States. The company provides an array of insurance products including automobile, home, renter's, and life insurance, catering to carriers, agents, and indirect distributors. Originally named AdHarmonics, Inc., the company rebranded as EverQuote, Inc. in November 2014.

EverQuote, CFO, stock