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

EverQuote, Inc. (NASDAQ:EVER) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 2,010,000 shares, a decline of 9.0% from the January 15th total of 2,210,000 shares. Based on an average trading volume of 464,900 shares, the days-to-cover ratio is presently 4.3 days.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. B. Riley reduced their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note 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 stock. According to MarketBeat.com, EverQuote currently has a consensus rating of “Buy” and a consensus target price of $31.67.

Insider Transactions at EverQuote

In other EverQuote news, CTO David Brainard sold 29,248 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $19.93, for a total transaction of $582,912.64. Following the completion of the sale, the chief technology officer now owns 116,212 shares of the company’s stock, valued at approximately $2,316,105.16. The trade was a 20.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction dated 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 directly owns 28,515 shares of the company’s stock, valued at approximately $570,300. This trade represents a 6.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,955 shares of company stock valued at $995,711 over the last three months. 29.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after acquiring an additional 172,785 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of EverQuote by 636.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after acquiring an additional 90,500 shares in the last quarter. Geode Capital Management LLC raised its stake in EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after buying an additional 56,114 shares in the last quarter. Barclays PLC raised its stake in EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after buying an additional 39,160 shares in the last quarter. Finally, Emerald Advisers LLC raised its stake in EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after buying an additional 399,257 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Stock Performance

Shares of NASDAQ:EVER traded down $0.09 during trading on Monday, hitting $21.69. The company’s stock had a trading volume of 303,642 shares, compared to its average volume of 431,976. EverQuote has a fifty-two week low of $14.28 and a fifty-two week high of $28.09. The stock’s 50-day moving average price is $19.35 and its two-hundred day moving average price is $20.21. The company has a market capitalization of $766.74 million, a PE ratio of 63.79 and a beta of 0.96.

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.