EverQuote, Inc. (NASDAQ:EVER) Director George R. Neble Sells 1,250 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) Director George R. Neble sold 1,250 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $18.18, for a total value of $22,725.00. Following the completion of the transaction, the director now directly owns 53,720 shares in the company, valued at approximately $976,629.60. This represents a 2.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EverQuote Trading Down 3.8 %

EverQuote stock opened at $18.22 on Friday. EverQuote, Inc. has a 12 month low of $10.21 and a 12 month high of $28.09. The stock has a fifty day simple moving average of $18.80 and a two-hundred day simple moving average of $20.77. The firm has a market cap of $644.10 million, a price-to-earnings ratio of 53.59 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, November 4th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. EverQuote’s revenue for the quarter was up 162.7% on a year-over-year basis. During the same period last year, the company earned ($0.40) EPS. On average, equities research analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Gladius Capital Management LP bought a new stake in EverQuote in the 3rd quarter worth approximately $26,000. Quarry LP boosted its stake in shares of EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after buying an additional 985 shares during the last quarter. nVerses Capital LLC boosted its stake in shares of EverQuote by 41.2% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after buying an additional 700 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in EverQuote during the second quarter valued at $76,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on EVER. B. Riley reduced their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price target on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $31.67.

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.