EverQuote, Inc. (NASDAQ:EVER) Short Interest Up 9.9% in August

EverQuote, Inc. (NASDAQ:EVER) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 2,100,000 shares, a growth of 9.9% from the August 15th total of 1,910,000 shares. Based on an average daily trading volume, of 541,800 shares, the days-to-cover ratio is presently 3.9 days.

Analyst Ratings Changes

A number of analysts have commented on EVER shares. Craig Hallum lifted their price target on EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 6th. Finally, Needham & Company LLC boosted 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, August 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $29.58.

EverQuote Stock Performance

NASDAQ EVER traded down $0.02 during mid-day trading on Wednesday, reaching $22.26. 284,654 shares of the stock were exchanged, compared to its average volume of 459,894. EverQuote has a 1 year low of $6.40 and a 1 year high of $28.09. The business’s 50 day moving average is $23.29 and its 200-day moving average is $21.40. The company has a market capitalization of $772.98 million, a P/E ratio of -15.79 and a beta of 1.04.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.14. The firm had revenue of $117.14 million during the quarter, compared to analyst estimates of $102.81 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. EverQuote’s revenue for the quarter was up 72.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.31) EPS. Equities analysts predict that EverQuote will post 0.57 earnings per share for the current fiscal year.

Insider Transactions at EverQuote

In related news, CTO David Brainard sold 3,164 shares of EverQuote stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total value of $69,671.28. Following the completion of the sale, the chief technology officer now directly owns 160,986 shares in the company, valued at $3,544,911.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CTO David Brainard sold 3,164 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total value of $69,671.28. Following the completion of the transaction, the chief technology officer now directly owns 160,986 shares of the company’s stock, valued at approximately $3,544,911.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Ventures Lllp Link sold 7,680 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total transaction of $207,974.40. Following the completion of the transaction, the insider now owns 3,510,721 shares of the company’s stock, valued at $95,070,324.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,998 shares of company stock valued at $3,356,708. 29.79% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On EverQuote

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of EverQuote by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after buying an additional 30,577 shares in the last quarter. BNP Paribas Financial Markets grew its stake in EverQuote by 127.6% during the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock valued at $1,016,000 after acquiring an additional 30,699 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in EverQuote by 244,503.3% in the 1st quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after acquiring an additional 293,404 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in EverQuote in the 1st quarter worth approximately $2,167,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of EverQuote during the 2nd quarter worth approximately $1,564,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.