Insider Selling: EverQuote (NASDAQ:EVER) Director Sells 1,366 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) Director John Shields sold 1,366 shares of the stock in a transaction on 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 transaction, the director directly owned 29,832 shares of the company’s stock, valued at approximately $621,400.56. This represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

EverQuote Trading Up 2.5%

EVER stock traded up $0.50 during midday trading on Tuesday, reaching $20.61. The stock had a trading volume of 578,736 shares, compared to its average volume of 838,347. The company’s fifty day simple moving average is $23.03 and its 200 day simple moving average is $21.16. The company has a market cap of $742.58 million, a price-to-earnings ratio of 6.69 and a beta of 0.68. EverQuote, Inc. has a 52-week low of $13.88 and a 52-week high of $28.73.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The company had revenue of $195.09 million for the quarter, compared to analysts’ expectations of $191.06 million. During the same quarter in the previous year, the company posted $0.39 EPS. The firm’s quarterly revenue was up 24.6% on a year-over-year basis. Sell-side analysts predict that EverQuote, Inc. will post 1.72 EPS for the current year.

Hedge Funds Weigh In On EverQuote

A number of institutional investors have recently added to or reduced their stakes in EVER. Allspring Global Investments Holdings LLC boosted its stake in EverQuote by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after buying an additional 293,160 shares during the last quarter. Jacobs Asset Management LLC grew its holdings in EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after buying an additional 268,819 shares in the last quarter. Renaissance Technologies LLC grew its holdings in EverQuote by 28.9% in the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after buying an additional 211,360 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of EverQuote by 37.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock worth $10,728,000 after acquiring an additional 190,438 shares during the last quarter. Finally, OP Asset Management Ltd acquired a new stake in shares of EverQuote in the 1st quarter worth $2,410,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on EVER shares. Weiss Ratings raised shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Zacks Research raised shares of EverQuote from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. Needham & Company LLC upped their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a report on Sunday, September 20th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $28.00 price objective on shares of EverQuote in a report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.