EverQuote (NASDAQ:EVER) Director John Shields Sells 1,366 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) Director John Shields sold 1,366 shares of the company’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $20.83, for a total transaction of $28,453.78. Following the completion of the sale, the director directly owned 29,832 shares of the company’s stock, valued at $621,400.56. This represents a 4.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

EverQuote Trading Up 2.5%

EverQuote stock traded up $0.50 during midday trading on Tuesday, hitting $20.61. 578,736 shares of the stock were exchanged, compared to its average volume of 838,347. The stock’s 50-day simple moving average is $23.03 and its 200 day simple moving average is $21.16. EverQuote, Inc. has a fifty-two week low of $13.88 and a fifty-two week high of $28.73. The stock has a market capitalization of $742.58 million, a price-to-earnings ratio of 6.69 and a beta of 0.68.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share for the quarter, beating 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 company had revenue of $195.09 million for the quarter, compared to analyst estimates of $191.06 million. During the same period in the previous year, the business posted $0.39 EPS. EverQuote’s revenue was up 24.6% on a year-over-year basis. Equities analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Institutional Trading of EverQuote

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in EverQuote by 28.9% in the first quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after buying an additional 211,360 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in EverQuote by 47.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after buying an additional 293,160 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in EverQuote by 1.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 743,869 shares of the company’s stock worth $11,470,000 after buying an additional 13,276 shares during the period. Dimensional Fund Advisors LP increased its position in shares of EverQuote by 37.7% during the first quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock valued at $10,728,000 after acquiring an additional 190,438 shares during the last quarter. Finally, Jacobs Asset Management LLC increased its position in shares of EverQuote by 199.9% during the first quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after acquiring an additional 268,819 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EVER has been the topic of several analyst reports. Wall Street Zen lowered shares of EverQuote from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Zacks Research upgraded EverQuote from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. B. Riley Financial reiterated a “buy” rating and issued a $34.00 price objective (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Raymond James Financial reissued an “outperform” rating and set a $28.00 target price on shares of EverQuote in a research note on Thursday, August 13th. Finally, Needham & Company LLC lifted their target price on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.17.

About EverQuote

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.