George R. Neble Sells 2,500 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director George R. Neble sold 2,500 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the sale, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

EverQuote Stock Performance

EVER stock opened at $20.04 on Friday. The company has a 50 day moving average price of $21.98 and a two-hundred day moving average price of $21.83. The stock has a market capitalization of $703.00 million, a P/E ratio of -23.86 and a beta of 1.04. EverQuote, Inc. has a one year low of $6.64 and a one year high of $28.09.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The business had revenue of $117.14 million during the quarter, compared to the consensus estimate of $102.81 million. During the same quarter in the previous year, the business earned ($0.31) earnings per share. The business’s revenue for the quarter was up 72.3% on a year-over-year basis. Research analysts forecast that EverQuote, Inc. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on EVER. Needham & Company LLC increased their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their target price on EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, Craig Hallum boosted their price target on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, EverQuote presently has an average rating of “Buy” and an average price target of $29.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in EverQuote by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after purchasing an additional 30,577 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of EverQuote by 127.6% during the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after buying an additional 30,699 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of EverQuote by 244,503.3% in the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after buying an additional 293,404 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in EverQuote in the first quarter valued at $2,167,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in EverQuote during the second quarter valued at about $782,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.