Insider Selling: EverQuote, Inc. (NASDAQ:EVER) Director Sells 2,000 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction that occurred on 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 of the company’s stock, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

EverQuote Trading Down 2.6 %

NASDAQ:EVER traded down $0.54 during mid-day trading on Tuesday, reaching $20.35. The company’s stock had a trading volume of 553,088 shares, compared to its average volume of 468,529. The stock has a market cap of $719.37 million, a P/E ratio of 59.85 and a beta of 0.96. The firm’s fifty day moving average price is $18.73 and its two-hundred day moving average price is $20.56. EverQuote, Inc. has a 12-month low of $12.48 and a 12-month high of $28.09.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. During the same period in the previous year, the company earned ($0.40) earnings per share. The firm’s quarterly revenue was up 162.7% on a year-over-year basis. Analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EVER. B. Riley cut their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note 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 for the company in a research note on Thursday, December 26th. Finally, JPMorgan Chase & Co. dropped their target price on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EverQuote has a consensus rating of “Buy” and an average target price of $31.67.

Hedge Funds Weigh In On EverQuote

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gladius Capital Management LP purchased a new stake in EverQuote during the third quarter valued at $26,000. Quarry LP grew its stake in shares of EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares during the period. R Squared Ltd purchased a new stake in shares of EverQuote during the 4th quarter valued at about $34,000. nVerses Capital LLC lifted its stake in shares of 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 during the period. Finally, Quantbot Technologies LP lifted its stake in shares of EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the period. 91.54% of the stock is owned by 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.