EverQuote, Inc. (NASDAQ:EVER) Director John L. Shields Sells 2,000 Shares

EverQuote, Inc. (NASDAQ:EVERGet Free Report) Director John L. Shields sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $21.84, for a total value of $43,680.00. Following the completion of the sale, the director now owns 34,515 shares of the company’s stock, valued at $753,807.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

EverQuote Stock Down 3.4 %

EverQuote stock traded down $0.71 during midday trading on Thursday, reaching $20.14. The company’s stock had a trading volume of 366,456 shares, compared to its average volume of 415,261. The business has a 50-day simple moving average of $21.66 and a 200-day simple moving average of $16.58. EverQuote, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $25.69. The company has a market cap of $699.26 million, a P/E ratio of -14.23 and a beta of 1.00.

EverQuote (NASDAQ:EVERGet Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. EverQuote had a negative return on equity of 31.65% and a negative net margin of 17.37%. The firm had revenue of $91.07 million for the quarter, compared to analyst estimates of $80.36 million. During the same quarter last year, the company posted ($0.08) earnings per share. The business’s revenue was down 16.6% on a year-over-year basis. As a group, equities analysts forecast that EverQuote, Inc. will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On EverQuote

A number of institutional investors have recently added to or reduced their stakes in EVER. New York State Common Retirement Fund raised its position in shares of EverQuote by 15.6% during the 3rd quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock worth $305,000 after purchasing an additional 5,684 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in EverQuote by 193.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock valued at $5,183,000 after buying an additional 472,821 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of EverQuote by 21.3% in the 3rd quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock valued at $1,592,000 after purchasing an additional 38,663 shares in the last quarter. B. Riley Asset Management LLC bought a new position in EverQuote in the third quarter worth about $723,000. Finally, Earnest Partners LLC lifted its holdings in EverQuote by 44.2% in the third quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock worth $13,980,000 after acquiring an additional 592,262 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on EVER. Craig Hallum raised their price target on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. B. Riley increased their price objective on EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Canaccord Genuity Group increased their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC increased their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $26.25.

Read Our Latest Research Report on EverQuote

About EverQuote

(Get Free Report)

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.

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

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