EverQuote, Inc. (NASDAQ:EVER) Director John L. Shields Sells 2,000 Shares

EverQuote, Inc. (NASDAQ:EVER) Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction on Monday, April 14th. The shares were sold at an average price of $20.93, for a total value of $41,860.00. Following the completion of the sale, the director now directly owns 26,515 shares of the company’s stock, valued at approximately $554,958.95. This represents a 7.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

EverQuote Trading Up 2.5 %

NASDAQ:EVER opened at $21.03 on Wednesday. The business’s fifty day moving average price is $24.29 and its 200 day moving average price is $20.89. The firm has a market capitalization of $751.28 million, a price-to-earnings ratio of 61.85 and a beta of 0.77. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. Equities analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. R Squared Ltd bought a new stake in EverQuote in the fourth quarter valued at about $34,000. Asset Management One Co. Ltd. raised its holdings in shares of EverQuote by 80.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after buying an additional 2,042 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of EverQuote in the 4th quarter worth approximately $90,000. AlphaQuest LLC lifted its position in shares of EverQuote by 53.9% during the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company’s stock worth $154,000 after buying an additional 2,698 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in EverQuote by 23.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,968 shares of the company’s stock valued at $179,000 after acquiring an additional 1,724 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Canaccord Genuity Group reduced their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, February 24th. Raymond James raised 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. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Finally, Needham & Company LLC lifted their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $32.33.

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.