EverQuote (NASDAQ:EVER) Stock: Insider George Neble Sells 1,593 Shares

EverQuote, Inc. (NASDAQ:EVER) Director George Neble sold 1,593 shares of EverQuote stock in a transaction on Friday, October 9th. The stock was sold at an average price of $20.83, for a total value of $33,182.19. Following the sale, the director owned 56,547 shares in the company, valued at $1,177,874.01. This trade represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

EverQuote Stock Performance

EVER stock opened at $20.61 on Thursday. The stock’s fifty day simple moving average is $22.91 and its two-hundred day simple moving average is $21.22. EverQuote, Inc. has a 1-year low of $13.88 and a 1-year high of $28.73. The stock has a market cap of $742.58 million, a P/E ratio of 6.69 and a beta of 0.68.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. EverQuote had a return on equity of 50.29% and a net margin of 15.16%. The firm had revenue of $195.09 million during the quarter, compared to the consensus estimate of $191.06 million. During the same quarter in the prior year, the company earned $0.39 EPS. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, analysts forecast that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverQuote

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new position in shares of EverQuote during the 2nd quarter valued at $55,000. IFP Advisors Inc grew its stake in shares of 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 acquiring an additional 1,610 shares during the period. Squarepoint Ops LLC purchased a new stake in EverQuote in the 2nd quarter worth about $2,889,000. Allworth Financial LP increased its holdings in EverQuote by 63.7% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock worth $61,000 after acquiring an additional 997 shares during the last quarter. Finally, Corient Private Wealth LP increased its holdings in EverQuote by 85.4% in the 2nd quarter. Corient Private Wealth LP now owns 79,174 shares of the company’s stock worth $1,884,000 after acquiring an additional 36,461 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EVER shares. Zacks Research upgraded shares of EverQuote from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Weiss Ratings upgraded shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. B. Riley Financial reaffirmed 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. Wall Street Zen lowered shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Finally, JPMorgan Chase & Co. began coverage on shares of EverQuote in a research note on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.17.

EverQuote Company Profile

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.