EverQuote (NASDAQ:EVER) Shares Down 4.2% Following Insider Selling

EverQuote, Inc. (NASDAQ:EVER - Get Free Report)'s share price was down 4.2% during trading on Tuesday following insider selling activity. The company traded as low as $20.06 and last traded at $20.02. Approximately 51,842 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 438,877 shares. The stock had previously closed at $20.89.

Specifically, Director John L. Shields sold 2,000 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $20.00, for a total transaction of $40,000.00. Following the completion of the transaction, the director now directly owns 28,515 shares in the company, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

Several brokerages recently weighed in on EVER. B. Riley cut their price target 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. cut their price objective on EverQuote from $28.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. Finally, Raymond James upgraded EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 target price on the stock in a research report on Thursday, December 26th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $31.67.

EverQuote Stock Down 3.6 %

The stock's 50-day moving average price is $18.82 and its 200 day moving average price is $20.55. The firm has a market capitalization of $709.47 million, a price-to-earnings ratio of 59.11 and a beta of 0.96.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings data 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.40) EPS. On average, sell-side analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Hedge Funds Weigh In On EverQuote

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gladius Capital Management LP acquired a new position in shares of EverQuote during the 3rd quarter valued at about $26,000. Quarry LP raised its stake in EverQuote by 215.5% during the second 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. R Squared Ltd acquired a new position in EverQuote in the fourth quarter valued at approximately $34,000. nVerses Capital LLC increased its position in shares of EverQuote by 41.2% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock worth $51,000 after purchasing an additional 700 shares during the last quarter. Finally, 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 worth $74,000 after acquiring an additional 1,874 shares during the last quarter. Institutional investors and hedge funds 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.