EverQuote (NASDAQ:EVER) Shares Down 8.4%

EverQuote, Inc. (NASDAQ:EVER)’s share price was down 8.4% during mid-day trading on Wednesday . The stock traded as low as $24.52 and last traded at $24.54. Approximately 469,281 shares traded hands during trading, an increase of 7% from the average daily volume of 439,995 shares. The stock had previously closed at $26.80.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EVER shares. JPMorgan Chase & Co. raised their target price on shares of EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday. Canaccord Genuity Group lifted their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Needham & Company LLC lifted their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday. B. Riley lifted their target price on shares of EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Finally, Craig Hallum lifted their target price on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $29.58.

EverQuote Stock Down 9.3 %

The firm has a market cap of $843.82 million, a price-to-earnings ratio of -17.77 and a beta of 0.96. The company’s 50-day moving average price is $22.53 and its 200-day moving average price is $19.75.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. The firm had revenue of $117.14 million for the quarter, compared to analyst estimates of $102.81 million. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. EverQuote’s quarterly revenue was up 72.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.31) earnings per share. Analysts predict that EverQuote, Inc. will post 0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director David B. Blundin sold 3,255 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $26.81, for a total value of $87,266.55. Following the sale, the director now directly owns 264,273 shares of the company’s stock, valued at approximately $7,085,159.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Julia Brncic sold 2,622 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $21.16, for a total value of $55,481.52. Following the completion of the transaction, the general counsel now owns 118,963 shares in the company, valued at approximately $2,517,257.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director David B. Blundin sold 3,255 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $26.81, for a total transaction of $87,266.55. Following the completion of the transaction, the director now owns 264,273 shares of the company’s stock, valued at approximately $7,085,159.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,777 shares of company stock worth $1,712,401. 29.79% of the stock is owned by insiders.

Institutional Trading of EverQuote

Large investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new position in EverQuote during the 2nd quarter worth $35,000. CWM LLC raised its position in EverQuote by 133.2% during the 2nd quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after buying an additional 1,063 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of EverQuote by 446.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after purchasing an additional 4,215 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of EverQuote in the 4th quarter valued at about $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of EverQuote in the 2nd quarter valued at about $147,000. Institutional investors and hedge funds 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.