Jayme Mendal Sells 20,000 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CEO Jayme Mendal sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $20.71, for a total value of $414,200.00. Following the completion of the transaction, the chief executive officer now directly owns 424,305 shares in the company, valued at $8,787,356.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Jayme Mendal also recently made the following trade(s):

• On Wednesday, May 29th, Jayme Mendal sold 5,750 shares of EverQuote stock. The shares were sold at an average price of $24.60, for a total value of $141,450.00.

EverQuote Price Performance

Shares of EVER opened at $21.47 on Friday. The company has a market cap of $745.44 million, a P/E ratio of -15.23 and a beta of 0.96. The stock has a fifty day moving average price of $22.00 and a 200 day moving average price of $17.62. EverQuote, Inc. has a 12 month low of $5.36 and a 12 month high of $25.69.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $91.07 million during the quarter, compared to the consensus estimate of $80.36 million. EverQuote had a negative return on equity of 31.65% and a negative net margin of 17.37%. The firm’s revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.08) EPS. As a group, research analysts anticipate that EverQuote, Inc. will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. bought a new position in EverQuote during the 1st quarter worth $2,167,000. Acadian Asset Management LLC grew its stake in shares of EverQuote by 206.9% in the first quarter. Acadian Asset Management LLC now owns 318,144 shares of the company’s stock worth $5,903,000 after purchasing an additional 214,486 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of EverQuote by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after purchasing an additional 30,577 shares in the last quarter. First Eagle Investment Management LLC grew its stake in shares of EverQuote by 3.6% in the first quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock worth $9,876,000 after purchasing an additional 18,523 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of EverQuote in the first quarter worth $211,000. 91.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EVER. B. Riley upped their price target on EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Needham & Company LLC upped their price target on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Canaccord Genuity Group upped their price target on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, Craig Hallum upped their price target on EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $26.25.

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.