EverQuote (NASDAQ:EVER) Director Sells $33,182.19 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director George Neble sold 1,593 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $20.83, for a total transaction of $33,182.19. Following the completion of the sale, the director owned 56,547 shares of the company’s stock, valued at approximately $1,177,874.01. This represents a 2.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

EverQuote Trading Up 2.5%

Shares of EVER traded up $0.50 during trading hours on Tuesday, reaching $20.61. 578,736 shares of the stock traded hands, compared to its average volume of 838,347. The stock has a fifty day simple moving average of $23.03 and a 200 day simple moving average of $21.16. EverQuote, Inc. has a 52 week low of $13.88 and a 52 week high of $28.73. The company has a market cap of $742.58 million, a price-to-earnings ratio of 6.69 and a beta of 0.68.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The business had revenue of $195.09 million for the quarter, compared to analysts’ expectations of $191.06 million. During the same period in the previous year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. Analysts predict that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EVER. Signature Equity Partners LLC boosted its holdings in shares of EverQuote by 65.5% in the first quarter. Signature Equity Partners LLC now owns 2,127 shares of the company’s stock worth $33,000 after acquiring an additional 842 shares during the period. Allworth Financial LP grew its position in shares of EverQuote by 63.7% in the second quarter. Allworth Financial LP now owns 2,562 shares of the company’s stock valued at $61,000 after purchasing an additional 997 shares in the last quarter. Sigma Planning Corp grew its position in shares of EverQuote by 11.9% in the first quarter. Sigma Planning Corp now owns 10,560 shares of the company’s stock valued at $163,000 after purchasing an additional 1,125 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of EverQuote by 4.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 28,299 shares of the company’s stock valued at $673,000 after purchasing an additional 1,187 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of EverQuote by 3.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 37,732 shares of the company’s stock valued at $898,000 after purchasing an additional 1,278 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen cut shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. JPMorgan Chase & Co. assumed coverage on EverQuote in a report on Monday, August 24th. They issued an “overweight” rating and a $29.00 target price for the company. B. Riley Financial reaffirmed a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of EverQuote in a report on Tuesday, August 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $28.00 price target on shares of EverQuote in a research report on Thursday, August 13th. Finally, Zacks Research upgraded EverQuote from a “strong sell” rating to a “hold” rating in a report on Friday, October 2nd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.17.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.