EverQuote, Inc. (NASDAQ:EVER) Short Interest Down 10.5% in October

EverQuote, Inc. (NASDAQ:EVER) was the recipient of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,880,000 shares, a drop of 10.5% from the October 15th total of 2,100,000 shares. Based on an average daily volume of 518,700 shares, the short-interest ratio is currently 3.6 days.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EVER. Craig Hallum raised their price objective on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. reduced their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. B. Riley reduced 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. Finally, Needham & Company LLC raised their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote presently has a consensus rating of “Buy” and a consensus price target of $28.50.

Insider Buying and Selling

In other EverQuote news, CFO Joseph Sanborn sold 4,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $21.54, for a total value of $103,392.00. Following the completion of the transaction, the chief financial officer now owns 207,691 shares of the company’s stock, valued at $4,473,664.14. This trade represents a 2.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 54,970 shares in the company, 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 quarter, insiders sold 16,644 shares of company stock valued at $349,244. Company insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings 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 in the last quarter. Barclays PLC lifted its holdings in shares of EverQuote by 331.2% in the third quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after purchasing an additional 39,160 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of EverQuote in the third quarter valued at about $757,000. MML Investors Services LLC purchased a new stake in shares of EverQuote in the third quarter valued at about $290,000. Finally, Zacks Investment Management lifted its holdings in shares of EverQuote by 249.8% in the third quarter. Zacks Investment Management now owns 52,067 shares of the company’s stock valued at $1,098,000 after purchasing an additional 37,182 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

EverQuote Stock Performance

NASDAQ EVER traded up $0.77 during trading on Monday, reaching $18.57. The company’s stock had a trading volume of 498,370 shares, compared to its average volume of 474,626. The firm has a market cap of $651.44 million, a price-to-earnings ratio of 54.62 and a beta of 1.06. EverQuote has a twelve month low of $8.18 and a twelve month high of $28.09. The business’s fifty day moving average price is $19.85 and its 200-day moving average price is $21.76.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. EverQuote’s quarterly revenue was up 162.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.40) earnings per share. As a group, sell-side analysts forecast that EverQuote will post 0.69 EPS for the current fiscal year.

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.