Short Interest in EverQuote, Inc. (NASDAQ:EVER) Declines By 5.9%

EverQuote, Inc. (NASDAQ:EVER) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 1,770,000 shares, a drop of 5.9% from the October 31st total of 1,880,000 shares. Based on an average trading volume of 496,500 shares, the short-interest ratio is currently 3.6 days.

EverQuote Price Performance

NASDAQ EVER traded down $0.17 on Tuesday, hitting $19.29. 44,090 shares of the company’s stock were exchanged, compared to its average volume of 471,469. The firm has a market cap of $681.90 million, a price-to-earnings ratio of 57.24 and a beta of 0.96. The firm’s 50-day moving average price is $19.35 and its two-hundred day moving average price is $21.50. EverQuote has a fifty-two week low of $9.86 and a fifty-two week high of $28.09.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same quarter in the prior year, the company posted ($0.40) earnings per share. EverQuote’s quarterly revenue was up 162.7% on a year-over-year basis. On average, research analysts predict that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insider Transactions at EverQuote

In other EverQuote news, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the sale, the director now directly owns 54,970 shares of the company’s stock, valued at $1,067,517.40. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,716 shares of company stock valued at $188,810. Corporate insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of large investors have recently made changes to their positions in the stock. Driehaus Capital Management LLC boosted its position in EverQuote by 9.1% during the second quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock worth $42,478,000 after purchasing an additional 169,333 shares in the last quarter. Vanguard Group Inc. raised its position in EverQuote by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after acquiring an additional 30,577 shares during the last quarter. Emerald Advisers LLC lifted its holdings in shares of EverQuote by 165.8% in the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after purchasing an additional 399,257 shares in the last quarter. Geode Capital Management LLC grew its position in shares of EverQuote by 10.4% in the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after purchasing an additional 56,114 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of EverQuote by 62.6% during the 2nd quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock worth $10,786,000 after purchasing an additional 199,187 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC increased their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. B. Riley dropped their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Craig Hallum upped their price objective on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $28.50.

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.