EverQuote, Inc. (NASDAQ:EVER) Short Interest Update

EverQuote, Inc. (NASDAQ:EVER) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 2,010,000 shares, a decline of 9.0% from the January 15th total of 2,210,000 shares. Based on an average daily trading volume, of 464,900 shares, the short-interest ratio is currently 4.3 days.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EVER shares. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. B. Riley reduced their price target 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, EverQuote currently has an average rating of “Buy” and a consensus target price of $31.67.

EverQuote Stock Performance

Shares of EVER opened at $21.82 on Wednesday. The company has a market capitalization of $771.34 million, a price-to-earnings ratio of 64.18 and a beta of 0.96. The company’s 50 day simple moving average is $19.47 and its 200 day simple moving average is $20.16. EverQuote has a 1 year low of $14.28 and a 1 year high of $28.09.

Insider Buying and Selling

In related news, CTO David Brainard sold 29,248 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64. Following the sale, the chief technology officer now owns 116,212 shares of the company’s stock, valued at approximately $2,316,105.16. The trade was a 20.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Shields sold 2,000 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.00, for a total transaction of $40,000.00. Following the sale, the director now directly owns 28,515 shares in the company, valued at approximately $570,300. This represents a 6.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,955 shares of company stock valued at $995,711. Corporate insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Several institutional investors and hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of EverQuote by 34.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company’s stock valued at $950,000 after buying an additional 12,118 shares during the period. Squarepoint Ops LLC increased its position in EverQuote by 47.2% during the fourth quarter. Squarepoint Ops LLC now owns 371,595 shares of the company’s stock worth $7,428,000 after purchasing an additional 119,189 shares during the last quarter. Two Sigma Advisers LP increased its position in EverQuote by 59.7% during the fourth quarter. Two Sigma Advisers LP now owns 52,700 shares of the company’s stock worth $1,053,000 after purchasing an additional 19,700 shares during the last quarter. Two Sigma Investments LP increased its position in EverQuote by 258.2% during the fourth quarter. Two Sigma Investments LP now owns 177,843 shares of the company’s stock worth $3,555,000 after purchasing an additional 128,194 shares during the last quarter. Finally, State of Wyoming increased its position in EverQuote by 51.5% during the fourth quarter. State of Wyoming now owns 11,353 shares of the company’s stock worth $227,000 after purchasing an additional 3,858 shares during the last quarter. Hedge funds and other 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.