EverQuote, Inc. (NASDAQ:EVER) Director Sells $40,000.00 in Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director John L. Shields sold 2,000 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the transaction, the director now owns 28,515 shares in the company, valued at $570,300. This represents a 6.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

EverQuote Stock Performance

Shares of EverQuote stock traded down $0.61 during midday trading on Friday, reaching $20.20. 265,541 shares of the company's stock traded hands, compared to its average volume of 415,134. EverQuote, Inc. has a 52 week low of $12.53 and a 52 week high of $28.09. The company's 50 day simple moving average is $18.85 and its 200 day simple moving average is $20.54. The company has a market cap of $714.07 million, a price-to-earnings ratio of 59.41 and a beta of 0.96.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its 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. The company had revenue of $144.53 million for 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 business's revenue was up 162.7% compared to the same quarter last year. During the same period last year, the company earned ($0.40) earnings per share. As a group, equities research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of EverQuote from $28.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th. Raymond James raised shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target on the stock in a research note on Thursday, December 26th. Finally, 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 report on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $31.67.

Institutional Investors Weigh In On EverQuote

Large investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP acquired a new stake in shares of EverQuote in the third quarter worth $26,000. Quarry LP raised its holdings in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company's stock worth $30,000 after acquiring an additional 985 shares during the period. R Squared Ltd acquired a new position in EverQuote during the 4th quarter worth $34,000. nVerses Capital LLC lifted its position in 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 acquiring an additional 700 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in EverQuote by 115.1% during the third 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 period. Institutional investors own 91.54% of the company's stock.

About EverQuote

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.