Insider Selling: EverQuote (NASDAQ:EVER) Director Sells $28,453.78 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director John Shields sold 1,366 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $20.83, for a total value of $28,453.78. Following the completion of the sale, the director directly owned 29,832 shares of the company’s stock, valued at approximately $621,400.56. This trade represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

EverQuote Price Performance

Shares of NASDAQ:EVER opened at $21.58 on Friday. The company has a market capitalization of $777.53 million, a price-to-earnings ratio of 7.01 and a beta of 0.68. The firm’s 50 day simple moving average is $22.86 and its 200 day simple moving average is $21.27. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. EverQuote’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. Equities research analysts expect that EverQuote, Inc. will post 1.72 earnings per share for the current year.

Hedge Funds Weigh In On EverQuote

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue grew its position in shares of EverQuote by 47.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 16,114 shares of the company’s stock valued at $322,000 after purchasing an additional 5,193 shares during the period. Integrated Wealth Concepts LLC bought a new stake in EverQuote during the 2nd quarter worth approximately $55,000. IFP Advisors Inc increased its stake in EverQuote by 100.1% during the 2nd quarter. IFP Advisors Inc now owns 3,219 shares of the company’s stock worth $77,000 after purchasing an additional 1,610 shares in the last quarter. Squarepoint Ops LLC bought a new position in EverQuote in the second quarter valued at approximately $2,889,000. Finally, Allworth Financial LP lifted its stake in EverQuote by 63.7% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after buying an additional 997 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EVER shares. Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Raymond James Financial reissued an “outperform” rating and issued a $28.00 price target on shares of EverQuote in a report on Thursday, August 13th. B. Riley Financial restated a “buy” rating and issued a $34.00 price objective (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. JPMorgan Chase & Co. assumed coverage on shares of EverQuote in a research report on Monday, August 24th. They issued an “overweight” rating and a $29.00 price objective for the company. Finally, Needham & Company LLC raised their price objective on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.17.

About EverQuote

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.