Insider Selling: EverQuote, Inc. (NASDAQ:EVER) Director Sells 1,250 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) Director George R. Neble sold 1,250 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $18.18, for a total value of $22,725.00. Following the completion of the transaction, the director now owns 53,720 shares in the company, valued at approximately $976,629.60. This trade represents a 2.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

EverQuote Stock Down 3.8 %

Shares of EverQuote stock traded down $0.71 during mid-day trading on Friday, hitting $18.22. The stock had a trading volume of 507,242 shares, compared to its average volume of 379,407. The firm has a 50-day moving average of $18.80 and a two-hundred day moving average of $20.77. The firm has a market cap of $644.10 million, a P/E ratio of 53.59 and a beta of 0.96. EverQuote, Inc. has a 12-month low of $10.21 and a 12-month high of $28.09.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company’s revenue was up 162.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.40) EPS. Sell-side analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Institutional Investors Weigh In On EverQuote

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in shares of EverQuote by 18.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 86,394 shares of the company’s stock worth $1,802,000 after acquiring an additional 13,536 shares during the last quarter. Rhumbline Advisers raised its position in EverQuote by 18.3% in the second quarter. Rhumbline Advisers now owns 35,793 shares of the company’s stock valued at $747,000 after purchasing an additional 5,534 shares during the period. Victory Capital Management Inc. acquired a new position in EverQuote during the second quarter worth $307,000. Quest Partners LLC purchased a new position in shares of EverQuote during the second quarter worth $311,000. Finally, ClariVest Asset Management LLC acquired a new stake in shares of EverQuote in the second quarter valued at $990,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on EVER shares. B. Riley reduced their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price objective on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, EverQuote has an average rating of “Buy” and a consensus target price of $31.67.

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.