EverQuote, Inc. (NASDAQ:EVER) Director Sells $40,000.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director John L. Shields sold 2,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the transaction, the director now owns 28,515 shares in the company, valued at approximately $570,300. This trade represents a 6.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

EverQuote Stock Up 1.7 %

Shares of NASDAQ EVER opened at $20.81 on Friday. The business’s 50 day moving average price is $18.80 and its 200 day moving average price is $20.55. The firm has a market cap of $735.65 million, a P/E ratio of 61.21 and a beta of 0.96. EverQuote, Inc. has a 52 week low of $12.53 and a 52 week high of $28.09.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, November 4th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business 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 firm posted ($0.40) EPS. The business’s quarterly revenue was up 162.7% compared to the same quarter last year. As a group, research analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Institutional Investors Weigh In On EverQuote

Several hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC boosted its position in EverQuote by 41.2% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after purchasing an additional 700 shares in the last quarter. Quarry LP boosted its position in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares in the last quarter. Gladius Capital Management LP purchased a new stake in EverQuote in the 3rd quarter worth approximately $26,000. Rhumbline Advisers lifted its position in shares of EverQuote by 4.0% during the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after buying an additional 1,332 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of EverQuote by 19.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after buying an additional 1,363 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EVER. B. Riley cut their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a report on Thursday, December 26th. Finally, JPMorgan Chase & Co. dropped their target price on EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EverQuote has an average rating of “Buy” and a consensus price target of $31.67.

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.