EverQuote, Inc. (NASDAQ:EVER) Short Interest Update

EverQuote, Inc. (NASDAQ:EVERGet Rating) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,500,000 shares, an increase of 27.1% from the March 31st total of 1,180,000 shares. Based on an average daily trading volume, of 284,000 shares, the days-to-cover ratio is currently 5.3 days. Currently, 9.1% of the company’s shares are short sold.

In related news, CFO John Brandon Wagner sold 3,600 shares of the firm’s stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $17.00, for a total transaction of $61,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David B. Blundin purchased 1,004,016 shares of the firm’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were bought at an average price of $14.94 per share, with a total value of $14,999,999.04. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 12,734 shares of company stock valued at $201,279. Corporate insiders own 37.22% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Jacobi Capital Management LLC bought a new position in shares of EverQuote in the third quarter valued at approximately $38,000. Point72 Hong Kong Ltd raised its position in shares of EverQuote by 1,180.7% in the third quarter. Point72 Hong Kong Ltd now owns 2,318 shares of the company’s stock valued at $43,000 after purchasing an additional 2,137 shares during the period. Royal Bank of Canada raised its position in shares of EverQuote by 21.3% in the second quarter. Royal Bank of Canada now owns 3,445 shares of the company’s stock valued at $112,000 after purchasing an additional 604 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of EverQuote by 460.8% in the third quarter. BNP Paribas Arbitrage SA now owns 3,729 shares of the company’s stock valued at $69,000 after purchasing an additional 3,064 shares during the period. Finally, Asset Management One Co. Ltd. grew its stake in shares of EverQuote by 42.3% in the third quarter. Asset Management One Co. Ltd. now owns 4,216 shares of the company’s stock worth $78,000 after acquiring an additional 1,253 shares during the last quarter.

NASDAQ:EVER opened at $12.16 on Wednesday. EverQuote has a 12 month low of $9.38 and a 12 month high of $35.79. The firm has a market cap of $359.69 million, a price-to-earnings ratio of -16.66 and a beta of 1.18. The company’s 50 day moving average is $14.69 and its 200-day moving average is $15.01.

EverQuote (NASDAQ:EVERGet Rating) last released its quarterly earnings results on Wednesday, February 16th. The company reported ($0.29) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.03. EverQuote had a negative net margin of 4.64% and a negative return on equity of 23.64%. The company had revenue of $102.07 million for the quarter, compared to analyst estimates of $96.31 million. During the same quarter last year, the firm posted ($0.13) earnings per share. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts expect that EverQuote will post -1.09 EPS for the current fiscal year.

Several research firms recently commented on EVER. Canaccord Genuity Group decreased their price target on shares of EverQuote from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday. Raymond James cut shares of EverQuote from an “outperform” rating to a “market perform” rating in a report on Tuesday. B. Riley started coverage on shares of EverQuote in a report on Monday, April 18th. They set a “buy” rating and a $20.00 price target for the company. Needham & Company LLC cut their price objective on shares of EverQuote from $19.00 to $16.00 in a research report on Tuesday. Finally, William Blair lowered shares of EverQuote from an “outperform” rating to a “market perform” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $21.44.

EverQuote Company Profile (Get Rating)

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home and renters, life, and health insurance. It 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.

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