Julia Brncic Sells 740 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) General Counsel Julia Brncic sold 740 shares of EverQuote stock in a transaction on Monday, November 18th. The shares were sold at an average price of $17.89, for a total value of $13,238.60. Following the sale, the general counsel now directly owns 109,079 shares of the company’s stock, valued at $1,951,423.31. This represents a 0.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Julia Brncic also recently made the following trade(s):

• On Wednesday, October 2nd, Julia Brncic sold 818 shares of EverQuote stock. The shares were sold at an average price of $20.22, for a total value of $16,539.96.

EverQuote Price Performance

EverQuote stock opened at $18.85 on Thursday. The stock has a market cap of $666.35 million, a P/E ratio of 55.44 and a beta of 1.06. The firm’s 50 day moving average price is $19.77 and its 200-day moving average price is $21.72. EverQuote, Inc. has a 1 year low of $8.18 and a 1 year 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, beating the consensus estimate of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. During the same quarter in the prior year, the firm posted ($0.40) EPS. EverQuote’s quarterly revenue was up 162.7% compared to the same quarter last year. As a group, equities analysts expect that EverQuote, Inc. will post 0.69 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. B. Riley dropped 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. decreased their target price on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Craig Hallum increased their price objective on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Needham & Company LLC upped their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, EverQuote currently has a consensus rating of “Buy” and an average target price of $28.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Emerald Mutual Fund Advisers Trust grew its stake in shares of EverQuote by 572.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after purchasing an additional 429,084 shares during the period. Emerald Advisers LLC increased its stake in EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after purchasing an additional 399,257 shares during the period. Russell Investments Group Ltd. raised its position in EverQuote by 244,503.3% in the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after purchasing an additional 293,404 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of EverQuote by 331.9% during the 2nd quarter. Renaissance Technologies LLC now owns 293,708 shares of the company’s stock worth $6,127,000 after acquiring an additional 225,700 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in EverQuote by 206.9% during the 1st quarter. Acadian Asset Management LLC now owns 318,144 shares of the company’s stock worth $5,903,000 after purchasing an additional 214,486 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.