EverQuote (NASDAQ:EVER) Trading Up 5.7% - What's Next?

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) shares traded up 5.7% during mid-day trading on Wednesday . The company traded as high as $18.75 and last traded at $18.71. 94,958 shares were traded during trading, a decline of 79% from the average session volume of 453,818 shares. The stock had previously closed at $17.70.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on EVER shares. JPMorgan Chase & Co. raised their price target on shares of EverQuote from $29.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, August 6th. Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, August 6th. Finally, Craig Hallum boosted their price objective on EverQuote from $30.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $29.58.

EverQuote Stock Up 11.9 %

The firm has a 50 day moving average price of $20.93 and a 200 day moving average price of $21.81. The stock has a market capitalization of $695.01 million, a PE ratio of -23.58 and a beta of 1.04.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.14. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The firm had revenue of $117.14 million during the quarter, compared to analyst estimates of $102.81 million. During the same quarter in the prior year, the business posted ($0.31) EPS. The business's revenue was up 72.3% compared to the same quarter last year. On average, equities analysts forecast that EverQuote, Inc. will post 0.57 earnings per share for the current fiscal year.

Insider Buying and Selling at EverQuote

In other news, Director David B. Blundin sold 65,718 shares of the business's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $1,779,643.44. Following the transaction, the director now owns 192,305 shares in the company, valued at $5,207,619.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other EverQuote news, Director George R. Neble sold 2,500 shares of the business's 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 $1,067,517.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David B. Blundin sold 65,718 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total value of $1,779,643.44. Following the transaction, the director now directly owns 192,305 shares of the company's stock, valued at approximately $5,207,619.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 93,668 shares of company stock worth $2,418,629. Insiders own 29.79% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EVER. Driehaus Capital Management LLC grew its stake in EverQuote by 9.1% during the second quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company's stock valued at $42,478,000 after acquiring an additional 169,333 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of EverQuote by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company's stock worth $21,487,000 after purchasing an additional 30,577 shares during the period. Emerald Advisers LLC boosted its stake in EverQuote by 165.8% during the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company's stock valued at $13,498,000 after buying an additional 399,257 shares during the period. First Eagle Investment Management LLC grew its position in EverQuote by 3.6% during the first quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company's stock worth $9,876,000 after buying an additional 18,523 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in EverQuote by 62.6% in the 2nd quarter. Acadian Asset Management LLC now owns 517,331 shares of the company's stock worth $10,786,000 after acquiring an additional 199,187 shares during the last quarter. 91.54% of the stock is owned by 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.