EverQuote, Inc. (NASDAQ:EVER) Director George R. Neble Sells 1,250 Shares

EverQuote, Inc. (NASDAQ:EVER) Director George R. Neble sold 1,250 shares of EverQuote stock in a transaction on Friday, January 10th. The stock was sold at an average price of $18.18, for a total transaction of $22,725.00. Following the transaction, the director now owns 53,720 shares in the company, valued at $976,629.60. This represents a 2.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

EverQuote Trading Down 3.8 %

Shares of EVER opened at $18.22 on Friday. The business’s 50 day moving average is $18.80 and its 200 day moving average is $20.77. EverQuote, Inc. has a 12-month low of $10.21 and a 12-month high of $28.09. The company has a market capitalization of $644.10 million, a PE ratio of 53.59 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last released its earnings results 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 firm had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. During the same quarter in the previous year, the firm earned ($0.40) earnings per share. The company’s quarterly revenue was up 162.7% compared to the same quarter last year. Equities research 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 issued reports on EVER. B. Riley cut their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday. Finally, Raymond James upgraded 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 note on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $31.67.

Institutional Investors Weigh In On EverQuote

Several large investors have recently made changes to their positions in EVER. JPMorgan Chase & Co. boosted its stake in EverQuote by 3,022.8% during the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after buying an additional 373,280 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of EverQuote by 116.6% during the 3rd quarter. Franklin Resources Inc. now owns 58,781 shares of the company’s stock valued at $1,147,000 after acquiring an additional 31,644 shares during the last quarter. Barclays PLC boosted its position in shares of EverQuote by 331.2% during the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after acquiring an additional 39,160 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of EverQuote by 10.4% in the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after purchasing an additional 56,114 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in EverQuote in the third quarter worth $757,000. 91.54% of the stock is owned by 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.