Ventures Lllp Link Sells 1,022 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) major shareholder Ventures Lllp Link sold 1,022 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $29,382.50. Following the completion of the transaction, the insider now owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. This trade represents a 0.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Ventures Lllp Link also recently made the following trade(s):

• On Wednesday, March 19th, Ventures Lllp Link sold 47 shares of EverQuote stock. The stock was sold at an average price of $28.40, for a total transaction of $1,334.80.

EverQuote Stock Performance

Shares of EVER traded down $1.21 during trading hours on Friday, hitting $26.88. The stock had a trading volume of 936,658 shares, compared to its average volume of 529,601. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The firm has a market cap of $960.26 million, a P/E ratio of 79.06 and a beta of 1.01. The company's fifty day simple moving average is $23.60 and its 200 day simple moving average is $20.81.

EverQuote (NASDAQ:EVER - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. The company had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. As a group, sell-side analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Divisadero Street Capital Management LP purchased a new stake in EverQuote during the fourth quarter worth approximately $12,311,000. Freestone Grove Partners LP acquired a new position in shares of EverQuote during the 4th quarter valued at $11,618,000. Point72 Asset Management L.P. boosted its position in EverQuote by 2,301.4% during the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock worth $9,216,000 after purchasing an additional 441,815 shares during the period. JPMorgan Chase & Co. boosted its position in EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company's stock worth $8,133,000 after purchasing an additional 373,280 shares during the period. Finally, Toronado Partners LLC increased its holdings in EverQuote by 59.7% in the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock valued at $14,368,000 after purchasing an additional 268,670 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company's stock.

Analysts Set New Price Targets

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

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.