EverQuote (NASDAQ:EVER) Trading Up 2.1%

EverQuote, Inc. (NASDAQ:EVER)’s stock price rose 2.1% during mid-day trading on Friday . The company traded as high as $19.90 and last traded at $19.77. Approximately 249,737 shares were traded during trading, a decline of 30% from the average daily volume of 354,835 shares. The stock had previously closed at $19.36.

Wall Street Analyst Weigh In

EVER has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Needham & Company LLC increased their price target on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, B. Riley increased their price target on EverQuote from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.80.

EverQuote Stock Performance

The stock has a fifty day simple moving average of $16.99 and a two-hundred day simple moving average of $12.30. The stock has a market cap of $683.57 million, a price-to-earnings ratio of -12.97 and a beta of 0.90.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 26th. The company reported ($0.19) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.12. The firm had revenue of $55.71 million for the quarter, compared to the consensus estimate of $49.89 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. Equities analysts expect that EverQuote, Inc. will post -0.43 earnings per share for the current fiscal year.

Insider Activity

In other news, Director David B. Blundin sold 89,177 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $15.00, for a total value of $1,337,655.00. Following the completion of the transaction, the director now directly owns 802,589 shares in the company, valued at approximately $12,038,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director David B. Blundin sold 89,177 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $15.00, for a total value of $1,337,655.00. Following the completion of the transaction, the director now directly owns 802,589 shares in the company, valued at approximately $12,038,835. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joseph Sanborn sold 8,051 shares of the 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 owns 220,986 shares of the company’s stock, valued at $4,419,720. The disclosure for this sale can be found here. In the last ninety days, insiders sold 407,073 shares of company stock worth $7,134,242. Insiders own 38.46% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE raised its position in EverQuote by 51.3% during the 4th quarter. Bank of America Corp DE now owns 2,055,600 shares of the company’s stock worth $30,300,000 after purchasing an additional 696,994 shares during the last quarter. Earnest Partners LLC raised its position in 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 purchasing an additional 592,262 shares during the last quarter. BlackRock Inc. raised its position in EverQuote by 6.5% during the 2nd quarter. BlackRock Inc. now owns 1,647,061 shares of the company’s stock worth $10,706,000 after purchasing an additional 100,133 shares during the last quarter. Baillie Gifford & Co. raised its position in EverQuote by 2.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,362,022 shares of the company’s stock worth $20,076,000 after purchasing an additional 31,957 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in EverQuote by 7.3% during the 4th quarter. Vanguard Group Inc. now owns 1,127,137 shares of the company’s stock worth $13,796,000 after purchasing an additional 76,856 shares during the last quarter. 91.54% of the stock is currently 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.