Insider Selling: EverQuote, Inc. (NASDAQ:EVER) Major Shareholder Sells 1,022 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 1,022 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the transaction, the insider now directly owns 3,498,667 shares in the company, valued at approximately $100,586,676.25. This represents a 0.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 shares were sold at an average price of $28.40, for a total transaction of $1,334.80.

EverQuote Stock Performance

Shares of NASDAQ:EVER traded down $1.75 during trading on Wednesday, reaching $27.96. The stock had a trading volume of 633,966 shares, compared to its average volume of 517,994. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The stock has a market cap of $998.84 million, a PE ratio of 82.24 and a beta of 1.01. The business has a fifty day moving average price of $23.06 and a 200-day moving average price of $20.68.

EverQuote (NASDAQ:EVER) last announced 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 firm 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%. Sell-side analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Institutional Trading of EverQuote

Several institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of EverQuote by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company’s stock valued at $288,000 after purchasing an additional 608 shares during the last quarter. Corton Capital Inc. grew its position in shares of EverQuote by 3.4% during the fourth quarter. Corton Capital Inc. now owns 21,592 shares of the company’s stock worth $432,000 after acquiring an additional 714 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of EverQuote by 4.8% in the 4th quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock valued at $439,000 after acquiring an additional 1,012 shares during the period. Rhumbline Advisers raised its position in EverQuote by 4.0% in the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after purchasing an additional 1,332 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in EverQuote by 19.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock worth $177,000 after purchasing an additional 1,363 shares during the period. 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 issued reports on EVER shares. Canaccord Genuity Group lowered their price objective on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a report on Thursday, December 26th. JPMorgan Chase & Co. boosted their price objective on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Needham & Company LLC increased their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $32.33.

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.