EverQuote, Inc. (NASDAQ:EVER) Short Interest Down 10.5% in October

EverQuote, Inc. (NASDAQ:EVER) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,880,000 shares, a decrease of 10.5% from the October 15th total of 2,100,000 shares. Based on an average daily volume of 518,700 shares, the days-to-cover ratio is presently 3.6 days.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on EVER shares. B. Riley dropped their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. reduced their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, Craig Hallum raised their price objective on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $28.50.

EverQuote Trading Up 1.2 %

EVER traded up $0.23 during trading on Tuesday, hitting $18.80. The stock had a trading volume of 380,893 shares, compared to its average volume of 474,211. The firm has a market cap of $664.60 million, a PE ratio of 55.03 and a beta of 1.06. The company has a 50 day simple moving average of $19.85 and a 200-day simple moving average of $21.76. EverQuote has a 12 month low of $8.18 and a 12 month high of $28.09.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. EverQuote’s quarterly revenue was up 162.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.40) EPS. As a group, sell-side analysts anticipate that EverQuote will post 0.69 earnings per share for the current fiscal year.

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 3,164 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total transaction of $69,671.28. Following the completion of the sale, the chief technology officer now owns 160,986 shares of the company’s stock, valued at $3,544,911.72. This trade represents a 1.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,644 shares of company stock worth $349,244 in the last ninety days. 29.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. nVerses Capital LLC boosted its holdings in shares of EverQuote by 41.2% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after buying an additional 700 shares in the last quarter. Quarry LP boosted its stake in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares during the period. CWM LLC raised its holdings in EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after buying an additional 1,063 shares during the period. Gladius Capital Management LP purchased a new stake in EverQuote in the third quarter worth $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of EverQuote by 19.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock worth $177,000 after buying an additional 1,363 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.