John L. Shields Sells 2,000 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director John L. Shields sold 2,000 shares of the company's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $20.93, for a total value of $41,860.00. Following the transaction, the director now directly owns 26,515 shares in the company, valued at $554,958.95. This represents a 7.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

EverQuote Stock Performance

NASDAQ EVER traded up $0.92 on Friday, hitting $22.81. The stock had a trading volume of 838,155 shares, compared to its average volume of 546,234. The firm has a 50-day moving average of $24.35 and a 200-day moving average of $20.92. EverQuote, Inc. has a 52-week low of $16.63 and a 52-week high of $30.03. The company has a market capitalization of $814.86 million, a price-to-earnings ratio of 67.09 and a beta of 0.77.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $133.83 million. As a group, research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently bought and sold shares of EVER. Geode Capital Management LLC grew its position in EverQuote by 10.4% in the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company's stock worth $12,554,000 after acquiring an additional 56,114 shares in the last quarter. Counterpoint Mutual Funds LLC increased its position in shares of EverQuote by 74.3% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company's stock valued at $761,000 after purchasing an additional 16,217 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of EverQuote during the 4th quarter valued at about $236,000. Barclays PLC lifted its position in EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company's stock worth $1,076,000 after buying an additional 39,160 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company's stock worth $8,133,000 after buying an additional 373,280 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Raymond James raised shares of EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price objective on the stock in a report on Thursday, December 26th. Needham & Company LLC raised their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Canaccord Genuity Group reduced their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. increased their target price on EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $32.33.

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.