Insider Selling: EverQuote, Inc. (NASDAQ:EVER) Major Shareholder Sells $29,382.50 in Stock

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 1,022 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $29,382.50. Following the sale, the insider now directly owns 3,498,667 shares of the company’s stock, valued at approximately $100,586,676.25. This represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ventures Lllp Link also recently made the following trade(s):

• On Wednesday, March 19th, Ventures Lllp Link sold 47 shares of EverQuote stock. The stock was sold at an average price of $28.40, for a total transaction of $1,334.80.

EverQuote Stock Performance

Shares of EVER stock opened at $26.88 on Friday. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The stock has a fifty day moving average price of $23.60 and a 200 day moving average price of $20.81. The stock has a market cap of $960.26 million, a PE ratio of 79.06 and a beta of 1.01.

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

Institutional Investors Weigh In On EverQuote

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in EverQuote by 4.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company’s stock worth $288,000 after acquiring an additional 608 shares during the last quarter. Corton Capital Inc. boosted its holdings in shares of EverQuote by 3.4% during the fourth quarter. Corton Capital Inc. now owns 21,592 shares of the company’s stock worth $432,000 after purchasing an additional 714 shares during the last quarter. Legal & General Group Plc grew its position in shares of EverQuote by 4.8% in the fourth quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock valued at $439,000 after purchasing an additional 1,012 shares during the period. Rhumbline Advisers increased its stake in EverQuote by 4.0% in the fourth quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after purchasing an additional 1,332 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in EverQuote by 19.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after purchasing an additional 1,363 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EVER has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Canaccord Genuity Group cut their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Needham & Company LLC lifted their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $32.33.

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.