John L. Shields Sells 2,000 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director John L. Shields sold 2,000 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $20.00, for a total value of $40,000.00. Following the transaction, the director now directly owns 28,515 shares of the company’s stock, valued at $570,300. The trade was a 6.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EverQuote Trading Down 2.6 %

Shares of EVER stock opened at $20.35 on Wednesday. EverQuote, Inc. has a twelve month low of $12.48 and a twelve month high of $28.09. The company’s 50-day moving average price is $18.73 and its 200-day moving average price is $20.56. The stock has a market cap of $719.37 million, a price-to-earnings ratio of 59.85 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 4th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $140.30 million. During the same period in the previous year, the firm earned ($0.40) earnings per share. EverQuote’s quarterly revenue was up 162.7% compared to the same quarter last year. As a group, equities research analysts predict that EverQuote, Inc. will post 0.72 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC raised its position in EverQuote by 41.2% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after purchasing an additional 700 shares during the period. Quarry LP increased its position in shares of EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares during the last quarter. Gladius Capital Management LP purchased a new stake in EverQuote in the 3rd quarter valued at about $26,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in EverQuote by 19.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock valued at $177,000 after buying an additional 1,363 shares during the last quarter. Finally, R Squared Ltd purchased a new position in EverQuote during the fourth quarter worth about $34,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. B. Riley decreased their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $31.67.

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.