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

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

Insider Buying and Selling

In related news, CTO David Brainard sold 14,590 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $17.44, for a total transaction of $254,449.60. Following the completion of the transaction, the chief technology officer now owns 137,291 shares of the company’s stock, valued at approximately $2,394,355.04. This represents a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the transaction, the director now directly owns 28,515 shares in the company, valued at approximately $570,300. This represents a 6.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,955 shares of company stock valued at $995,711. Insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in EverQuote by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company’s stock worth $288,000 after buying an additional 608 shares in the last quarter. nVerses Capital LLC raised its stake in shares of EverQuote by 41.2% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares in the last quarter. Corton Capital Inc. raised its stake in shares of EverQuote by 3.4% in the 4th quarter. Corton Capital Inc. now owns 21,592 shares of the company’s stock valued at $432,000 after purchasing an additional 714 shares in the last quarter. Legal & General Group Plc raised its stake in shares of EverQuote by 4.8% in the 4th quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock valued at $439,000 after purchasing an additional 1,012 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in shares of EverQuote in the 3rd quarter valued at about $26,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Price Performance

Shares of EVER stock opened at $21.82 on Wednesday. EverQuote has a 12 month low of $14.28 and a 12 month high of $28.09. The firm has a market capitalization of $771.34 million, a P/E ratio of 64.18 and a beta of 0.96. The company’s fifty day moving average price is $19.47 and its two-hundred day moving average price is $20.16.

Analyst Ratings Changes

A number of research firms have recently issued reports on EVER. JPMorgan Chase & Co. lowered their target price on EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. B. Riley lowered their price objective on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $31.67.

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.