EverQuote (NASDAQ:EVER) Trading 5.7% Higher – Time to Buy?

EverQuote, Inc. (NASDAQ:EVER)’s stock price traded up 5.7% during trading on Wednesday . The company traded as high as $18.75 and last traded at $18.71. 94,958 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 453,818 shares. The stock had previously closed at $17.70.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EVER shares. Needham & Company LLC upped their price objective on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Finally, Craig Hallum increased their price objective on shares of 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 data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $29.58.

EverQuote Stock Up 10.8 %

The firm has a market capitalization of $688.35 million, a price-to-earnings ratio of -23.10 and a beta of 1.04. The business’s 50-day simple moving average is $20.96 and its two-hundred day simple moving average is $21.82.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.14. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The business had revenue of $117.14 million during the quarter, compared to analysts’ expectations of $102.81 million. During the same quarter in the prior year, the business posted ($0.31) EPS. The company’s revenue for the quarter was up 72.3% on a year-over-year basis. Sell-side analysts anticipate that EverQuote, Inc. will post 0.57 earnings per share for the current year.

Insider Buying and Selling at EverQuote

In related news, Director George R. Neble sold 2,500 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the transaction, the director now directly owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO David Brainard sold 1,641 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 93,668 shares of company stock valued at $2,418,629. Corporate insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Emerald Advisers LLC raised its holdings in shares of EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after acquiring an additional 399,257 shares during the period. Emerald Mutual Fund Advisers Trust boosted its stake in shares of EverQuote by 572.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after acquiring an additional 429,084 shares in the last quarter. nVerses Capital LLC grew its holdings in EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares during the last quarter. Essex Investment Management Co. LLC grew its stake in EverQuote by 16.5% in the 3rd quarter. Essex Investment Management Co. LLC now owns 216,694 shares of the company’s stock valued at $4,570,000 after buying an additional 30,619 shares during the last quarter. Finally, CWM LLC grew its position in shares of EverQuote by 143.0% in the third quarter. CWM LLC now owns 4,522 shares of the company’s stock valued at $95,000 after purchasing an additional 2,661 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.