EverQuote (NASDAQ:EVER) Trading Down 6.3% – What’s Next?

EverQuote, Inc. (NASDAQ:EVER)’s stock price dropped 6.3% during mid-day trading on Tuesday . The company traded as low as $18.23 and last traded at $18.24. Approximately 259,590 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 472,421 shares. The stock had previously closed at $19.46.

Analyst Ratings Changes

Several equities analysts recently commented on EVER shares. Craig Hallum increased their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. decreased their target price on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Needham & Company LLC boosted their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Finally, B. Riley dropped their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $28.50.

EverQuote Stock Down 4.4 %

The company has a market capitalization of $657.51 million, a price-to-earnings ratio of 53.21 and a beta of 0.96. The firm has a 50 day moving average price of $19.35 and a two-hundred day moving average price of $21.50.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. During the same period last year, the business earned ($0.40) EPS. The firm’s revenue for the quarter was up 162.7% compared to the same quarter last year. Analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Insider Transactions at EverQuote

In other news, Director George R. Neble sold 2,500 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 4.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Brainard sold 1,641 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at approximately $3,144,028.02. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,716 shares of company stock worth $188,810. 29.79% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Gladius Capital Management LP acquired a new stake in EverQuote in the third quarter worth about $26,000. Quarry LP lifted its stake in EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after purchasing an additional 985 shares during the last quarter. nVerses Capital LLC bought a new stake in EverQuote during the second quarter worth approximately $35,000. CWM LLC increased its holdings in shares of EverQuote by 133.2% in the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after buying an additional 1,063 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares in the last quarter. 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.