EverQuote (NASDAQ:EVER) Trading Down 5.8% - Here's Why

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) shares traded down 5.8% on Friday . The stock traded as low as $16.93 and last traded at $16.93. 394,267 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 458,383 shares. The stock had previously closed at $17.98.

Wall Street Analysts Forecast Growth

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

EverQuote Stock Performance

The firm has a fifty day simple moving average of $20.78 and a 200 day simple moving average of $21.77. The company has a market capitalization of $604.08 million, a PE ratio of -20.50 and a beta of 1.04.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported $0.17 earnings per share 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 return on equity of 13.24% and a negative net margin of 8.55%. The firm's quarterly revenue was up 72.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.31) earnings per share. Research analysts expect that EverQuote, Inc. will post 0.57 EPS for the current fiscal year.

Insider Activity at EverQuote

In other news, CFO Joseph Sanborn sold 4,800 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total value of $103,392.00. Following the completion of the transaction, the chief financial officer now directly owns 207,691 shares of the company's stock, valued at approximately $4,473,664.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Joseph Sanborn sold 4,800 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $21.54, for a total value of $103,392.00. Following the sale, the chief financial officer now directly owns 207,691 shares in the company, valued at approximately $4,473,664.14. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ventures Lllp Link sold 7,680 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 transaction of $207,974.40. Following the transaction, the insider now owns 3,510,721 shares of the company's stock, valued at approximately $95,070,324.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 93,668 shares of company stock valued at $2,418,629 over the last ninety days. 29.79% of the stock is owned by company insiders.

Institutional Trading of EverQuote

A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of EverQuote by 127.6% in the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company's stock valued at $1,016,000 after purchasing an additional 30,699 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of EverQuote by 244,503.3% during the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company's stock valued at $5,448,000 after buying an additional 293,404 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of EverQuote in the 1st quarter valued at $211,000. First Eagle Investment Management LLC raised its stake in EverQuote by 3.6% in the 1st quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company's stock worth $9,876,000 after acquiring an additional 18,523 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in EverQuote by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company's stock worth $21,487,000 after acquiring an additional 30,577 shares during the period. Institutional investors and hedge funds 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.