Insider Selling: EverQuote, Inc. (NASDAQ:EVER) Director Sells 973 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director John L. Shields sold 973 shares of EverQuote stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.00, for a total value of $19,460.00. Following the sale, the director now directly owns 31,542 shares in the company, valued at $630,840. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

EverQuote Stock Performance

Shares of NASDAQ:EVER traded up $0.09 on Wednesday, hitting $20.17. The stock had a trading volume of 380,131 shares, compared to its average volume of 456,941. The firm's 50 day moving average price is $21.76 and its 200-day moving average price is $21.87. EverQuote, Inc. has a twelve month low of $6.64 and a twelve month high of $28.09. The company has a market capitalization of $700.40 million, a price-to-earnings ratio of -14.23 and a beta of 1.04.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.14. The firm had revenue of $117.14 million during the quarter, compared to the consensus estimate of $102.81 million. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The firm's quarterly revenue was up 72.3% on a year-over-year basis. During the same period last year, the firm posted ($0.31) EPS. As a group, sell-side analysts predict that EverQuote, Inc. will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

EVER has been the topic of a number of recent research reports. Craig Hallum lifted their price target on shares of EverQuote from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $29.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, August 6th. Finally, Needham & Company LLC raised their price target on shares of EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $29.58.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Essex Investment Management Co. LLC increased its holdings in EverQuote by 16.5% during the 3rd quarter. Essex Investment Management Co. LLC now owns 216,694 shares of the company's stock valued at $4,570,000 after purchasing an additional 30,619 shares in the last quarter. CWM LLC increased its position in EverQuote by 143.0% in the 3rd quarter. CWM LLC now owns 4,522 shares of the company's stock valued at $95,000 after acquiring an additional 2,661 shares in the last quarter. Point72 Asset Management L.P. raised its position in EverQuote by 389.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,703 shares of the company's stock worth $286,000 after purchasing an additional 10,903 shares during the last quarter. Quarry LP boosted its position in EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company's stock valued at $30,000 after buying an additional 985 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of EverQuote in the 2nd quarter valued at $782,000. Institutional investors 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.

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