EverQuote (NASDAQ:EVER) Trading Down 5.5% – Should You Sell?

EverQuote, Inc. (NASDAQ:EVER) dropped 5.5% on Tuesday . The stock traded as low as $26.76 and last traded at $26.51. Approximately 110,299 shares were traded during trading, a decline of 78% from the average daily volume of 502,640 shares. The stock had previously closed at $28.05.

Wall Street Analyst Weigh In

EVER has been the subject of several research analyst reports. Needham & Company LLC raised their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. raised their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Canaccord Genuity Group cut their price target on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a report on Thursday, December 26th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, EverQuote has an average rating of “Buy” and an average target price of $32.33.

EverQuote Stock Performance

The stock has a fifty day moving average of $21.88 and a 200-day moving average of $20.45. The company has a market cap of $933.86 million, a PE ratio of 76.07 and a beta of 1.01.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $147.46 million during the quarter, compared to analysts’ expectations of $133.83 million. As a group, equities analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Insider Buying and Selling at EverQuote

In other EverQuote news, CTO David Brainard sold 29,248 shares of EverQuote stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $19.93, for a total transaction of $582,912.64. Following the completion of the sale, the chief technology officer now directly owns 116,212 shares of the company’s stock, valued at $2,316,105.16. The trade was a 20.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the sale, the director now directly owns 28,515 shares of the company’s stock, valued at approximately $570,300. This trade represents a 6.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,863 shares of company stock valued at $1,204,605 in the last ninety days. Corporate insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of EverQuote by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock worth $40,314,000 after acquiring an additional 24,347 shares in the last quarter. Toronado Partners LLC raised its position in shares of EverQuote by 59.7% in the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after acquiring an additional 268,670 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of EverQuote by 32.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock worth $13,076,000 after acquiring an additional 161,426 shares in the last quarter. Divisadero Street Capital Management LP bought a new position in shares of EverQuote in the 4th quarter worth $12,311,000. Finally, Geode Capital Management LLC raised its position in shares of EverQuote by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 600,365 shares of the company’s stock worth $12,004,000 after acquiring an additional 5,210 shares in the last quarter. 91.54% of the stock is owned by 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.