EverQuote (NASDAQ:EVER) Shares Up 5%

EverQuote, Inc. (NASDAQ:EVER) shares shot up 5% on Friday . The company traded as high as $21.78 and last traded at $21.28. 35,556 shares were traded during trading, a decline of 91% from the average session volume of 417,547 shares. The stock had previously closed at $20.26.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EVER. Needham & Company LLC boosted their price target on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. B. Riley boosted their price target on shares of EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Canaccord Genuity Group boosted their price target on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Craig Hallum boosted their price target on shares of EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $26.25.

EverQuote Price Performance

The business’s 50 day simple moving average is $21.74 and its 200 day simple moving average is $17.27. The company has a market capitalization of $717.07 million, a PE ratio of -14.65 and a beta of 1.00.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The company had revenue of $91.07 million for the quarter, compared to the consensus estimate of $80.36 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. EverQuote’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) earnings per share. As a group, analysts anticipate that EverQuote, Inc. will post 0.05 EPS for the current year.

Insider Activity

In other news, major shareholder Ventures Lllp Link sold 2,573 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total value of $52,695.04. Following the sale, the insider now directly owns 1,562,990 shares of the company’s stock, valued at approximately $32,010,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Ventures Lllp Link sold 2,573 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total value of $52,695.04. Following the sale, the insider now directly owns 1,562,990 shares of the company’s stock, valued at approximately $32,010,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Julia Brncic sold 2,622 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $21.16, for a total transaction of $55,481.52. Following the sale, the general counsel now directly owns 118,963 shares in the company, valued at $2,517,257.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,396 shares of company stock valued at $3,243,225. Company insiders own 29.79% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Several large investors have recently added to or reduced their stakes in EVER. Earnest Partners LLC increased its stake in EverQuote by 44.2% during the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock worth $13,980,000 after buying an additional 592,262 shares during the period. Envestnet Asset Management Inc. increased its stake in EverQuote by 193.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock worth $5,183,000 after buying an additional 472,821 shares during the period. Russell Investments Group Ltd. grew its holdings in EverQuote by 244,503.3% during the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after acquiring an additional 293,404 shares in the last quarter. Acadian Asset Management LLC grew its holdings in EverQuote by 206.9% during the 1st quarter. Acadian Asset Management LLC now owns 318,144 shares of the company’s stock worth $5,903,000 after acquiring an additional 214,486 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in EverQuote during the 1st quarter worth approximately $2,167,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.