Short Interest in EverQuote, Inc. (NASDAQ:EVER) Decreases By 7.1%

EverQuote, Inc. (NASDAQ:EVER) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 2,100,000 shares, a decline of 7.1% from the September 30th total of 2,260,000 shares. Based on an average daily volume of 520,800 shares, the days-to-cover ratio is currently 4.0 days.

Insider Buying and Selling at EverQuote

In other news, Director David B. Blundin sold 65,718 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total value of $1,779,643.44. Following the transaction, the director now owns 192,305 shares of the company’s stock, valued at $5,207,619.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Ventures Lllp Link sold 7,680 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $207,974.40. Following the completion of the sale, the insider now 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 filing with the SEC, which is available through the SEC website. Also, Director David B. Blundin sold 65,718 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total transaction of $1,779,643.44. Following the transaction, the director now owns 192,305 shares in the company, valued at $5,207,619.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,668 shares of company stock worth $2,418,629 over the last three months. 29.79% of the stock is owned by insiders.

Hedge Funds Weigh In On EverQuote

Several large investors have recently added to or reduced their stakes in EVER. nVerses Capital LLC raised its position in shares of EverQuote by 41.2% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares during the period. Quarry LP raised its holdings in EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 985 shares during the period. CWM LLC lifted its position in shares of EverQuote by 133.2% in the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after acquiring an additional 1,063 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of EverQuote in the second quarter worth about $76,000. Finally, Rhumbline Advisers grew its position in shares of EverQuote by 18.3% during the second quarter. Rhumbline Advisers now owns 35,793 shares of the company’s stock worth $747,000 after purchasing an additional 5,534 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

EVER has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Needham & Company LLC upped their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum increased their price target on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” 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.com, EverQuote currently has a consensus rating of “Buy” and a consensus price target of $29.58.

EverQuote Stock Performance

Shares of NASDAQ EVER traded down $0.76 during midday trading on Friday, hitting $17.22. 792,134 shares of the stock traded hands, compared to its average volume of 460,260. The firm has a 50-day moving average of $20.88 and a two-hundred day moving average of $21.78. The firm has a market capitalization of $604.08 million, a P/E ratio of -20.07 and a beta of 1.04. EverQuote has a one year low of $7.11 and a one year high of $28.09.

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

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.