EverQuote (NASDAQ:EVER) Shares Down 4.5% – Time to Sell?

EverQuote, Inc. (NASDAQ:EVER) was down 4.5% during trading on Wednesday . The stock traded as low as $18.79 and last traded at $18.79. Approximately 137,175 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 473,812 shares. The stock had previously closed at $19.67.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EVER. Needham & Company LLC boosted their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. lowered their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. B. Riley cut their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Craig Hallum boosted their price target on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $28.50.

EverQuote Trading Down 2.6 %

The company has a market cap of $677.31 million, a price-to-earnings ratio of 56.35 and a beta of 1.06. The business’s 50 day moving average price is $19.41 and its 200-day moving average price is $21.56.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $140.30 million. During the same period last year, the business posted ($0.40) earnings per share. The business’s revenue for the quarter was up 162.7% compared to the same quarter last year. Equities research analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Activity at EverQuote

In other EverQuote news, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares of the company’s stock, valued at $1,067,517.40. The trade was a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO David Brainard sold 1,641 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,716 shares of company stock worth $188,810 in the last ninety days. 29.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On EverQuote

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new position in shares of EverQuote in the third quarter worth $26,000. Quarry LP grew its stake in EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 985 shares in the last quarter. nVerses Capital LLC bought a new position in EverQuote in the 2nd quarter valued at about $35,000. CWM LLC increased its holdings in EverQuote by 133.2% in the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after buying an additional 1,063 shares during the period. Finally, Quantbot Technologies LP raised its position in shares of EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after buying an additional 1,874 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.