EverQuote, Inc. (NASDAQ:EVER) Short Interest Update

EverQuote, Inc. (NASDAQ:EVER) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,430,000 shares, a drop of 21.0% from the February 13th total of 1,810,000 shares. Approximately 5.8% of the company’s stock are short sold. Based on an average daily volume of 520,200 shares, the days-to-cover ratio is currently 2.7 days.

Analyst Ratings Changes

Several analysts have issued reports on EVER shares. 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, February 25th. Canaccord Genuity Group decreased their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. increased their target price on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EverQuote presently has an average rating of “Buy” and a consensus target price of $32.33.

EverQuote Stock Performance

Shares of EVER stock traded up $1.57 on Wednesday, reaching $28.03. The stock had a trading volume of 450,570 shares, compared to its average volume of 506,633. EverQuote has a 1 year low of $16.63 and a 1 year high of $28.27. The stock has a market cap of $1.00 billion, a P/E ratio of 82.41 and a beta of 1.01. The company has a 50 day simple moving average of $22.02 and a 200 day simple moving average of $20.46.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. On average, equities research analysts anticipate that EverQuote will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at EverQuote

In other EverQuote news, CAO Jon Ayotte sold 7,647 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $25.72, for a total transaction of $196,680.84. Following the completion of the sale, the chief accounting officer now directly owns 58,045 shares of the company’s stock, valued at approximately $1,492,917.40. The trade was a 11.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO David Brainard sold 3,675 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $19.52, for a total value of $71,736.00. Following the completion of the sale, the chief technology officer now directly owns 108,244 shares of the company’s stock, valued at $2,112,922.88. The trade was a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,863 shares of company stock valued at $1,204,605. Corporate insiders own 29.79% of the company’s stock.

Institutional Investors Weigh In On EverQuote

Large investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP purchased a new position in EverQuote during the third quarter valued at approximately $26,000. R Squared Ltd purchased a new position in shares of EverQuote in the fourth quarter worth about $34,000. Quarry LP lifted its holdings in shares of EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after purchasing an additional 1,452 shares during the period. Quantbot Technologies LP raised its position in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after purchasing an additional 2,042 shares during the period. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.