EverQuote (NASDAQ:EVER) Stock Price Down 4.2% on Insider Selling

EverQuote, Inc. (NASDAQ:EVER) shares were down 4.2% during mid-day trading on Tuesday following insider selling activity. The company traded as low as $20.06 and last traded at $20.02. Approximately 51,842 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 438,877 shares. The stock had previously closed at $20.89.

Specifically, Director John L. Shields sold 2,000 shares of the firm’s 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 sale, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

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

EverQuote Price Performance

The company’s 50 day moving average is $18.80 and its 200 day moving average is $20.55. The stock has a market cap of $746.56 million, a price-to-earnings ratio of 62.32 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, November 4th. The company reported $0.31 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 business had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same period in the previous year, the firm earned ($0.40) EPS. The business’s revenue for the quarter was up 162.7% compared to the same quarter last year. Sell-side analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Hedge Funds Weigh In On EverQuote

A number of institutional investors have recently made changes to their positions in EVER. Gladius Capital Management LP purchased a new stake in EverQuote in the 3rd quarter worth approximately $26,000. Quarry LP boosted its stake in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 985 shares during the last quarter. R Squared Ltd acquired a new stake in EverQuote in the 4th quarter worth about $34,000. nVerses Capital LLC increased its stake in shares of EverQuote by 41.2% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after acquiring an additional 700 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

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.