EverQuote, Inc. (NASDAQ:EVER) Director Sells $40,000.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director John L. Shields sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the sale, the director now owns 28,515 shares in the company, valued at approximately $570,300. This trade represents a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

EverQuote Stock Up 0.6 %

EverQuote stock opened at $20.47 on Thursday. EverQuote, Inc. has a twelve month low of $12.48 and a twelve month high of $28.09. The business has a fifty day moving average of $18.76 and a two-hundred day moving average of $20.55. The firm has a market cap of $723.61 million, a P/E ratio of 60.21 and a beta of 0.96.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EVER. Emerald Advisers LLC boosted its stake in EverQuote by 165.8% in the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after acquiring an additional 399,257 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of EverQuote by 10.4% in the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after purchasing an additional 56,114 shares in the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of EverQuote by 572.1% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after purchasing an additional 429,084 shares in the last quarter. Marshall Wace LLP grew its stake in EverQuote by 18.2% during the 2nd quarter. Marshall Wace LLP now owns 464,826 shares of the company’s stock worth $9,696,000 after buying an additional 71,491 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after buying an additional 373,280 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on EVER. B. Riley dropped their price objective 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. JPMorgan Chase & Co. dropped 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. Finally, Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EverQuote presently has an average rating of “Buy” and a consensus price target of $31.67.

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.