EverQuote (NASDAQ:EVER) Stock: Insider John Shields Sells 1,366 Shares

EverQuote, Inc. (NASDAQ:EVER – Get Free Report) Director John Shields sold 1,366 shares of the company’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $20.83, for a total value of $28,453.78. Following the transaction, the director directly owned 29,832 shares in the company, valued at approximately $621,400.56. This represents a 4.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

EverQuote Stock Performance

Shares of EVER opened at $20.61 on Thursday. The firm has a market capitalization of $742.58 million, a price-to-earnings ratio of 6.69 and a beta of 0.68. The business’s fifty day moving average price is $22.91 and its two-hundred day moving average price is $21.22. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73.

EverQuote (NASDAQ:EVER – Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $195.09 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the firm earned $0.39 EPS. As a group, research analysts forecast that EverQuote, Inc. will post 1.72 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen cut EverQuote from a “buy” rating to a “hold” rating in a report on Sunday, September 20th. B. Riley Financial restated a “buy” rating and set a $34.00 target price (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Weiss Ratings raised shares of EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 26th. Needham & Company LLC lifted their price target on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Raymond James Financial reissued an “outperform” rating and set a $28.00 price target on shares of EverQuote in a research note on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, EverQuote has a consensus rating of “Moderate Buy” and an average price target of $28.17.

View Our Latest Report on EverQuote

Hedge Funds Weigh In On EverQuote

Several hedge funds have recently added to or reduced their stakes in EVER. Renaissance Technologies LLC increased its stake in shares of 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 acquiring an additional 211,360 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock valued at $13,412,000 after acquiring an additional 293,160 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in EverQuote by 1.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company’s stock worth $11,470,000 after acquiring an additional 13,276 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in EverQuote by 37.7% during 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, Jacobs Asset Management LLC boosted its stake in EverQuote by 199.9% during the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock worth $6,219,000 after acquiring an additional 268,819 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

About EverQuote

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for EverQuote (NASDAQ:EVER)

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