EverQuote (NASDAQ:EVER) Stock Price Down 4.2% Following Insider Selling

EverQuote, Inc. (NASDAQ:EVER) traded down 4.2% during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $20.06 and last traded at $20.02. 51,842 shares were traded during mid-day trading, a decline of 88% from the average session volume of 438,877 shares. The stock had previously closed at $20.89.

Specifically, Director John L. Shields sold 2,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the sale, the director now owns 28,515 shares in the company, valued at approximately $570,300. This trade represents a 6.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EVER shares. JPMorgan Chase & Co. lowered their price target on EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. Finally, B. Riley lowered their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $31.67.

EverQuote Stock Up 3.2 %

The company has a market cap of $746.42 million, a price-to-earnings ratio of 62.10 and a beta of 0.96. The firm has a 50 day moving average price of $18.80 and a two-hundred day moving average price of $20.55.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business’s revenue was up 162.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.40) earnings per share. On average, equities analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVER. Emerald Advisers LLC increased its holdings in EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after purchasing an additional 399,257 shares in the last quarter. Geode Capital Management LLC increased its position in shares of EverQuote by 10.4% during the 3rd 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 during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in shares of EverQuote by 572.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after purchasing an additional 429,084 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of EverQuote by 3,022.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after buying an additional 373,280 shares during the last quarter. Finally, Jacobs Asset Management LLC grew its position in EverQuote by 50.1% during the third quarter. Jacobs Asset Management LLC now owns 249,840 shares of the company’s stock valued at $5,269,000 after buying an additional 83,419 shares during the period. Institutional investors own 91.54% of the company’s stock.

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.