EverQuote, Inc. (NASDAQ:EVER) Short Interest Update

EverQuote, Inc. (NASDAQ:EVER) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 1,800,000 shares, a growth of 11.8% from the June 30th total of 1,610,000 shares. Based on an average daily volume of 495,500 shares, the short-interest ratio is currently 3.6 days.

Insider Activity at EverQuote

In other news, Director David B. Blundin sold 58,434 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $20.14, for a total transaction of $1,176,860.76. Following the completion of the transaction, the director now directly owns 535,058 shares in the company, valued at $10,776,068.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other EverQuote news, major shareholder Ventures Lllp Link sold 2,730 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $21.88, for a total transaction of $59,732.40. Following the sale, the insider now owns 1,553,430 shares of the company’s stock, valued at $33,989,048.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Blundin sold 58,434 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $20.14, for a total value of $1,176,860.76. Following the sale, the director now owns 535,058 shares of the company’s stock, valued at $10,776,068.12. The disclosure for this sale can be found here. Insiders sold 162,498 shares of company stock worth $3,500,257 over the last three months. Company insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Asset Management One Co. Ltd. purchased a new stake in shares of EverQuote in the fourth quarter valued at about $66,000. NewEdge Wealth LLC bought a new position in shares of EverQuote during the 4th quarter worth approximately $264,000. New York State Common Retirement Fund boosted its stake in shares of EverQuote by 25.6% in the 4th quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock worth $649,000 after buying an additional 10,813 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of EverQuote by 446.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after acquiring an additional 4,215 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of EverQuote during the first quarter valued at approximately $672,000. Institutional investors own 91.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EVER. Craig Hallum lifted their target price on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. B. Riley lifted their price objective on shares of EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC increased their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Canaccord Genuity Group lifted their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, EverQuote currently has a consensus rating of “Buy” and a consensus price target of $26.25.

EverQuote Stock Down 2.7 %

EVER stock traded down $0.72 during midday trading on Monday, reaching $25.76. 391,239 shares of the company’s stock traded hands, compared to its average volume of 426,614. The firm’s fifty day moving average price is $22.37 and its 200-day moving average price is $19.12. EverQuote has a 52 week low of $5.36 and a 52 week high of $26.90. The company has a market cap of $894.39 million, a price-to-earnings ratio of -18.27 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The company had revenue of $91.07 million during the quarter, compared to the consensus estimate of $80.36 million. During the same period in the previous year, the firm posted ($0.08) earnings per share. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. Analysts forecast that EverQuote will post 0.05 earnings per share for the current year.

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.