EverQuote, Inc. (NASDAQ:EVER) Major Shareholder Ventures Lllp Link Sells 6,830 Shares

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 6,830 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $20.14, for a total transaction of $137,556.20. Following the sale, the insider now directly owns 1,556,160 shares of the company’s stock, valued at approximately $31,341,062.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, April 17th, Ventures Lllp Link sold 2,573 shares of EverQuote stock. The stock was sold at an average price of $20.48, for a total transaction of $52,695.04.
• On Friday, April 12th, Ventures Lllp Link sold 109 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $2,180.00.
• On Thursday, April 4th, Ventures Lllp Link sold 130 shares of EverQuote stock. The stock was sold at an average price of $20.08, for a total transaction of $2,610.40.
• On Friday, March 15th, Ventures Lllp Link sold 49,683 shares of EverQuote stock. The stock was sold at an average price of $18.09, for a total transaction of $898,765.47.
• On Wednesday, March 13th, Ventures Lllp Link sold 91,838 shares of EverQuote stock. The stock was sold at an average price of $19.37, for a total value of $1,778,902.06.
• On Monday, March 11th, Ventures Lllp Link sold 10,549 shares of EverQuote stock. The stock was sold at an average price of $17.07, for a total value of $180,071.43.
• On Monday, February 26th, Ventures Lllp Link sold 5,947 shares of EverQuote stock. The stock was sold at an average price of $17.11, for a total value of $101,753.17.
• On Thursday, February 22nd, Ventures Lllp Link sold 578 shares of EverQuote stock. The stock was sold at an average price of $16.61, for a total value of $9,600.58.
• On Friday, February 9th, Ventures Lllp Link sold 10,422 shares of EverQuote stock. The stock was sold at an average price of $15.43, for a total value of $160,811.46.

EverQuote Stock Up 5.4 %

Shares of EverQuote stock traded up $1.10 on Thursday, hitting $21.53. 768,894 shares of the company’s stock traded hands, compared to its average volume of 377,819. The stock has a market cap of $736.97 million, a P/E ratio of -13.98 and a beta of 0.85. The firm’s 50-day moving average is $18.10 and its 200 day moving average is $13.36. EverQuote, Inc. has a 52-week low of $5.36 and a 52-week high of $22.27.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.12. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The firm had revenue of $55.71 million for the quarter, compared to analysts’ expectations of $49.89 million. Equities research analysts forecast that EverQuote, Inc. will post -0.42 EPS for the current year.

Hedge Funds Weigh In On EverQuote

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake in EverQuote by 127.6% during the first quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after purchasing an additional 30,699 shares during the last quarter. MBL Wealth LLC bought a new position in EverQuote during the first quarter worth $664,000. Counterpoint Mutual Funds LLC bought a new position in EverQuote during the first quarter worth $672,000. HST Ventures LLC lifted its stake in EverQuote by 13.9% during the fourth quarter. HST Ventures LLC now owns 291,705 shares of the company’s stock worth $3,570,000 after purchasing an additional 35,624 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in EverQuote by 446.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock worth $63,000 after purchasing an additional 4,215 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EVER. B. Riley began coverage on EverQuote in a report on Friday, April 19th. They issued a “buy” rating and a $24.00 price target for the company. JPMorgan Chase & Co. upped their price target on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Finally, Needham & Company LLC increased their target price on EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $20.60.

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.