Shares of EverQuote, Inc. (NASDAQ:EVER – Get Free Report) traded up 5.9% during trading on Wednesday. The company traded as high as $20.03 and last traded at $20.03. Approximately 394,115 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 843,056 shares. The stock had previously closed at $18.91.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on EVER. Needham & Company LLC lifted their price objective on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Raymond James Financial reaffirmed an “outperform” rating and issued a $28.00 target price on shares of EverQuote in a research report on Thursday, August 13th. Wall Street Zen downgraded shares of EverQuote from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th. B. Riley Financial reissued a “buy” rating and issued a $34.00 price target (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.17.
Read Our Latest Stock Report on EverQuote
EverQuote Trading Up 7.5%
EverQuote (NASDAQ:EVER – Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $195.09 million during the quarter, compared to analyst estimates of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%.The business’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 earnings per share. As a group, sell-side analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.
Insider Buying and Selling at EverQuote
In related news, Director Mira Wilczek sold 9,500 shares of EverQuote stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $25.07, for a total transaction of $238,165.00. Following the completion of the transaction, the director directly owned 110,353 shares of the company’s stock, valued at $2,766,549.71. This trade represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John Shields sold 3,126 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $26.39, for a total transaction of $82,495.14. Following the completion of the transaction, the director owned 31,198 shares in the company, valued at approximately $823,315.22. This trade represents a 9.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,413 shares of company stock worth $1,455,965 over the last ninety days. Company insiders own 23.68% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC grew its position in EverQuote by 70.5% during the 4th quarter. Clearstead Advisors LLC now owns 1,997 shares of the company’s stock worth $54,000 after acquiring an additional 826 shares during the last quarter. Signature Equity Partners LLC raised its position in EverQuote by 65.5% in the 1st quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock valued at $33,000 after purchasing an additional 842 shares during the last quarter. Allworth Financial LP raised its position in EverQuote by 63.7% in the 2nd quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after purchasing an additional 997 shares during the last quarter. Sigma Planning Corp raised its position in EverQuote by 11.9% in the 1st quarter. Sigma Planning Corp now owns 10,560 shares of the company’s stock valued at $163,000 after purchasing an additional 1,125 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in EverQuote by 4.4% in the second quarter. Concurrent Investment Advisors LLC now owns 28,299 shares of the company’s stock worth $673,000 after purchasing an additional 1,187 shares in the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.
EverQuote Company Profile
EverQuote, Inc (NASDAQ: EVER) operates an online insurance marketplace that connects consumers with insurance providers and agents. The company uses data, technology and digital marketing to help shoppers compare insurance options and connect with providers that may be able to meet their coverage needs.
EverQuote’s marketplace has primarily focused on auto insurance and has also supported shopping for home, renters, life, health and commercial insurance products. Its platform provides insurance companies and agencies with consumer leads and customer-acquisition solutions designed to help them reach prospective policyholders.
Founded in 2011 and headquartered in Cambridge, Massachusetts, EverQuote serves consumers and insurance providers in the United States.
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