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 the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. Following the transaction, the director now directly owns 28,515 shares in the company, valued at $570,300. This trade represents a 6.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EverQuote Trading Down 2.6 %

Shares of NASDAQ:EVER traded down $0.54 during mid-day trading on Tuesday, hitting $20.35. 553,088 shares of the company traded hands, compared to its average volume of 468,529. The stock has a 50-day moving average price of $18.73 and a two-hundred day moving average price of $20.56. EverQuote, Inc. has a 12-month low of $12.48 and a 12-month high of $28.09. The stock has a market cap of $719.37 million, a P/E ratio of 59.85 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last posted its earnings results 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 analyst estimates of $140.30 million. During the same quarter in the prior year, the business posted ($0.40) EPS. The business’s revenue was up 162.7% compared to the same quarter last year. As a group, analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EVER. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. B. Riley cut their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. decreased their price target on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $31.67.

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gladius Capital Management LP bought a new position in shares of EverQuote in the third quarter valued at approximately $26,000. Quarry LP lifted its holdings 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 acquiring an additional 985 shares during the period. R Squared Ltd purchased a new position in EverQuote in the fourth quarter worth $34,000. nVerses Capital LLC grew its stake in EverQuote by 41.2% in the 3rd 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 period. Finally, Quantbot Technologies LP increased its position in shares of EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after purchasing an additional 1,874 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.