EverQuote (NASDAQ:EVER) Reaches New 52-Week High at $20.74

Shares of EverQuote, Inc. (NASDAQ:EVER) hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.74 and last traded at $20.47, with a volume of 139564 shares changing hands. The stock had previously closed at $19.85.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EVER. JPMorgan Chase & Co. increased their target price on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Needham & Company LLC increased their target price on shares of EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, B. Riley increased their target price on shares of EverQuote from $18.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, EverQuote presently has an average rating of “Buy” and a consensus target price of $20.80.

EverQuote Price Performance

The business’s fifty day moving average is $17.42 and its 200-day moving average is $12.59. The firm has a market cap of $620.25 million, a PE ratio of -11.77 and a beta of 0.90.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The business had revenue of $55.71 million during the quarter, compared to the consensus estimate of $49.89 million. Analysts forecast that EverQuote, Inc. will post -0.43 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Ventures Lllp Link sold 91,838 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $19.37, for a total transaction of $1,778,902.06. Following the completion of the sale, the insider now owns 1,649,044 shares in the company, valued at $31,941,982.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Ventures Lllp Link sold 91,838 shares of EverQuote stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $19.37, for a total value of $1,778,902.06. Following the completion of the transaction, the insider now owns 1,649,044 shares in the company, valued at $31,941,982.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph Sanborn sold 8,051 shares of EverQuote stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $20.00, for a total transaction 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 approximately $4,419,720. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 408,118 shares of company stock worth $7,155,142. Insiders own 38.46% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Large investors have recently modified their holdings of the business. State of Wyoming purchased a new position in shares of EverQuote in the fourth quarter worth about $42,000. Advisor Group Holdings Inc. increased its stake in shares of EverQuote by 398.7% in the first quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock worth $48,000 after purchasing an additional 2,392 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of EverQuote in the fourth quarter valued at approximately $40,000. Quarry LP bought a new position in shares of EverQuote in the first quarter valued at approximately $53,000. Finally, Ensign Peak Advisors Inc bought a new position in shares of EverQuote in the first quarter valued at approximately $80,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

About EverQuote

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.