EverQuote (NASDAQ:EVER) Trading 5% Higher

Shares of EverQuote, Inc. (NASDAQ:EVER) traded up 5% during mid-day trading on Friday . The stock traded as high as $21.78 and last traded at $21.28. 35,556 shares changed hands during trading, a decline of 91% from the average session volume of 417,547 shares. The stock had previously closed at $20.26.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group raised their price target on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. B. Riley raised their price target on shares of EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Craig Hallum raised their price target on shares of EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Finally, Needham & Company LLC raised their price target on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, EverQuote presently has an average rating of “Buy” and a consensus target price of $26.25.

EverQuote Stock Performance

The firm has a market capitalization of $724.26 million, a PE ratio of -14.79 and a beta of 1.00. The business’s 50 day moving average is $21.79 and its two-hundred day moving average is $17.39.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. EverQuote had a negative net margin of 17.37% and a negative return on equity of 31.65%. The business had revenue of $91.07 million during the quarter, compared to analyst estimates of $80.36 million. During the same period in the previous year, the business earned ($0.08) EPS. EverQuote’s revenue was down 16.6% compared to the same quarter last year. As a group, equities research analysts predict that EverQuote, Inc. will post 0.05 EPS for the current year.

Insider Buying and Selling at EverQuote

In other EverQuote news, CFO Joseph Sanborn sold 8,051 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $20.00, for a total value of $161,020.00. Following the completion of the transaction, the chief financial officer now directly owns 220,986 shares of the company’s stock, valued at approximately $4,419,720. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director David B. Blundin sold 58,434 shares of EverQuote stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $20.14, for a total transaction of $1,176,860.76. Following the completion of the sale, the director now directly owns 535,058 shares of the company’s stock, valued at approximately $10,776,068.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joseph Sanborn sold 8,051 shares of EverQuote stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $20.00, for a total transaction of $161,020.00. Following the sale, the chief financial officer now directly owns 220,986 shares of the company’s stock, valued at $4,419,720. The disclosure for this sale can be found here. Insiders sold a total of 154,396 shares of company stock valued at $3,243,225 in the last three months. Company insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

A number of hedge funds have recently made changes to their positions in the stock. Earnest Partners LLC lifted its holdings in shares of EverQuote by 44.2% during the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock worth $13,980,000 after acquiring an additional 592,262 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of EverQuote by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after acquiring an additional 30,577 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of EverQuote by 193.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock worth $5,183,000 after acquiring an additional 472,821 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of EverQuote by 3.6% during the 1st quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock worth $9,876,000 after acquiring an additional 18,523 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of EverQuote by 206.9% during the 1st quarter. Acadian Asset Management LLC now owns 318,144 shares of the company’s stock worth $5,903,000 after acquiring an additional 214,486 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

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.