EverQuote, Inc. (NASDAQ:EVER) Short Interest Up 20.2% in December

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,620,000 shares, a growth of 20.2% from the November 30th total of 2,180,000 shares. Based on an average daily trading volume, of 494,300 shares, the days-to-cover ratio is presently 5.3 days.

EverQuote Stock Performance

Shares of EVER traded down $0.43 during midday trading on Friday, hitting $19.68. 648,949 shares of the company traded hands, compared to its average volume of 473,999. The stock has a market cap of $695.71 million, a price-to-earnings ratio of 57.88 and a beta of 0.96. The firm has a 50 day moving average of $18.53 and a 200-day moving average of $20.77. EverQuote has a 52 week low of $10.21 and a 52 week high of $28.09.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm's revenue was up 162.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.40) earnings per share. Sell-side analysts predict that EverQuote will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Raymond James raised shares of 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. B. Riley cut their target price on EverQuote from $36.50 to $29.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. decreased their target price on EverQuote from $34.00 to $28.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EverQuote has a consensus rating of "Buy" and a consensus price target of $32.17.

Insider Activity at EverQuote

In related news, CTO David Brainard sold 1,641 shares of EverQuote stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now directly owns 155,491 shares in the company, valued at approximately $3,144,028.02. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,306 shares of company stock worth $443,260. 29.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of EVER. Gladius Capital Management LP purchased a new stake in EverQuote during the third quarter valued at $26,000. Quarry LP increased its holdings in shares of EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company's stock worth $30,000 after buying an additional 985 shares during the last quarter. nVerses Capital LLC purchased a new stake in shares of EverQuote during the 2nd quarter valued at about $35,000. Quantbot Technologies LP lifted its holdings in shares of EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company's stock valued at $74,000 after acquiring an additional 1,874 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in EverQuote in the second quarter worth about $76,000. 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.