EverQuote (NASDAQ:EVER) Trading 5.7% Higher – Here’s What Happened

EverQuote, Inc. (NASDAQ:EVER)’s share price was up 5.7% during mid-day trading on Wednesday . The stock traded as high as $18.75 and last traded at $18.71. Approximately 94,958 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 453,818 shares. The stock had previously closed at $17.70.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EVER shares. Needham & Company LLC lifted their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Craig Hallum raised their price objective on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their price objective on EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $29.58.

EverQuote Trading Down 9.2 %

The company’s 50-day moving average is $20.88 and its two-hundred day moving average is $21.78.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, topping 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 analyst estimates of $102.81 million. During the same quarter last year, the company earned ($0.31) EPS. The company’s quarterly revenue was up 72.3% compared to the same quarter last year. On average, research analysts forecast that EverQuote, Inc. will post 0.57 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director George R. Neble sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the transaction, the director now owns 54,970 shares in the company, valued at $1,067,517.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other EverQuote news, major shareholder Ventures Lllp Link sold 7,680 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total transaction of $207,974.40. Following the completion of the sale, the insider now directly owns 3,510,721 shares in the company, valued at $95,070,324.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares in the company, valued at $1,067,517.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,668 shares of company stock valued at $2,418,629. 29.79% of the stock is owned by insiders.

Institutional Trading of EverQuote

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Emerald Advisers LLC boosted its stake in shares of EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after acquiring an additional 399,257 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in EverQuote by 572.1% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after purchasing an additional 429,084 shares during the period. nVerses Capital LLC lifted its position in EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in EverQuote by 16.5% during the third quarter. Essex Investment Management Co. LLC now owns 216,694 shares of the company’s stock valued at $4,570,000 after purchasing an additional 30,619 shares during the period. Finally, CWM LLC increased its position in EverQuote by 143.0% in the third quarter. CWM LLC now owns 4,522 shares of the company’s stock worth $95,000 after buying an additional 2,661 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

EverQuote Company Profile

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.