EverQuote, Inc. (NASDAQ:EVER) Major Shareholder Ventures Lllp Link Sells 2,573 Shares

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 2,573 shares of EverQuote stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total transaction of $52,695.04. Following the sale, the insider now directly owns 1,562,990 shares of the company’s stock, valued at $32,010,035.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Ventures Lllp Link also recently made the following trade(s):

• On Friday, April 12th, Ventures Lllp Link sold 109 shares of EverQuote stock. The shares were sold at an average price of $20.00, for a total value of $2,180.00.
• On Thursday, April 4th, Ventures Lllp Link sold 130 shares of EverQuote stock. The shares were sold at an average price of $20.08, for a total value of $2,610.40.
• On Friday, March 15th, Ventures Lllp Link sold 49,683 shares of EverQuote stock. The stock was sold at an average price of $18.09, for a total value of $898,765.47.
• On Wednesday, March 13th, Ventures Lllp Link sold 91,838 shares of EverQuote stock. The stock was sold at an average price of $19.37, for a total transaction of $1,778,902.06.
• On Monday, March 11th, Ventures Lllp Link sold 10,549 shares of EverQuote stock. The stock was sold at an average price of $17.07, for a total transaction of $180,071.43.
• On Monday, February 26th, Ventures Lllp Link sold 5,947 shares of EverQuote stock. The shares were sold at an average price of $17.11, for a total transaction of $101,753.17.
• On Thursday, February 22nd, Ventures Lllp Link sold 578 shares of EverQuote stock. The stock was sold at an average price of $16.61, for a total value of $9,600.58.
• On Friday, February 9th, Ventures Lllp Link sold 10,422 shares of EverQuote stock. The shares were sold at an average price of $15.43, for a total value of $160,811.46.

EverQuote Stock Performance

EVER stock traded up $0.27 on Friday, reaching $18.39. The company’s stock had a trading volume of 286,186 shares, compared to its average volume of 368,416. The firm has a market cap of $629.49 million, a PE ratio of -11.94 and a beta of 0.90. The business has a fifty day simple moving average of $17.42 and a two-hundred day simple moving average of $12.59. EverQuote, Inc. has a 12-month low of $5.36 and a 12-month high of $20.74.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 26th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The firm had revenue of $55.71 million during the quarter, compared to analysts’ expectations of $49.89 million. As a group, research analysts anticipate that EverQuote, Inc. will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. B. Riley started coverage on EverQuote in a research report on Friday. They issued a “buy” rating and a $24.00 price objective for the company. Needham & Company LLC increased their price target on shares of EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, EverQuote has a consensus rating of “Buy” and an average target price of $20.60.

Institutional Investors Weigh In On EverQuote

Several hedge funds have recently made changes to their positions in EVER. Advisor Group Holdings Inc. raised its holdings in EverQuote by 398.7% in the first quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock worth $48,000 after purchasing an additional 2,392 shares in the last quarter. Swiss National Bank increased its stake in shares of EverQuote by 10.0% in the 1st quarter. Swiss National Bank now owns 43,900 shares of the company’s stock worth $710,000 after acquiring an additional 4,000 shares in the last quarter. Raymond James & Associates bought a new position in shares of EverQuote in the 1st quarter worth about $461,000. Bank of New York Mellon Corp lifted its position in EverQuote by 79.9% during the 1st quarter. Bank of New York Mellon Corp now owns 106,237 shares of the company’s stock valued at $1,718,000 after acquiring an additional 47,176 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in EverQuote by 54.2% during the first quarter. MetLife Investment Management LLC now owns 9,721 shares of the company’s stock worth $157,000 after acquiring an additional 3,416 shares in the last quarter. 91.54% of the stock is currently 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.