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

EverQuote, Inc. (NASDAQ:EVER) Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction on 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 of the company’s stock, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

EverQuote Trading Up 1.7 %

Shares of EVER opened at $20.81 on Friday. The firm has a market capitalization of $735.65 million, a P/E ratio of 61.21 and a beta of 0.96. EverQuote, Inc. has a 12-month low of $12.53 and a 12-month high of $28.09. The firm has a fifty day moving average price of $18.80 and a 200-day moving average price of $20.55.

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

Analysts Set New Price Targets

Several research firms have commented on EVER. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research note on Thursday, December 26th. 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. Finally, JPMorgan Chase & Co. lowered their target price 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 investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $31.67.

Institutional Trading of EverQuote

A number of hedge funds have recently added to or reduced their stakes in EVER. Sei Investments Co. lifted its stake in EverQuote by 78.6% in the second quarter. Sei Investments Co. now owns 156,518 shares of the company’s stock worth $3,265,000 after acquiring an additional 68,866 shares during the period. Marshall Wace LLP lifted its stake in EverQuote by 18.2% in the second quarter. Marshall Wace LLP now owns 464,826 shares of the company’s stock worth $9,696,000 after acquiring an additional 71,491 shares during the period. Squarepoint Ops LLC lifted its stake in EverQuote by 470.2% in the second quarter. Squarepoint Ops LLC now owns 145,230 shares of the company’s stock worth $3,029,000 after acquiring an additional 119,760 shares during the period. AQR Capital Management LLC raised its holdings in EverQuote by 285.7% in the second quarter. AQR Capital Management LLC now owns 204,835 shares of the company’s stock worth $4,273,000 after purchasing an additional 151,723 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in EverQuote in the second quarter worth about $202,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.