EverQuote, Inc. (NASDAQ:EVER) Major Shareholder Ventures Lllp Link Sells 2,573 Shares

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 2,573 shares of EverQuote stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total value of $52,695.04. Following the transaction, the insider now owns 1,562,990 shares of the company’s stock, valued at approximately $32,010,035.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ventures Lllp Link also recently made the following trade(s):

• On Friday, April 12th, Ventures Lllp Link sold 109 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total value of $2,180.00.
• On Thursday, April 4th, Ventures Lllp Link sold 130 shares of EverQuote stock. The stock was sold at an average price of $20.08, for a total value of $2,610.40.
• On Friday, March 15th, Ventures Lllp Link sold 49,683 shares of EverQuote stock. The stock was sold at an average price of $18.09, for a total value of $898,765.47.
• On Wednesday, March 13th, Ventures Lllp Link sold 91,838 shares of EverQuote stock. The stock was sold at an average price of $19.37, for a total value of $1,778,902.06.
• On Monday, March 11th, Ventures Lllp Link sold 10,549 shares of EverQuote stock. The stock was sold at an average price of $17.07, for a total value of $180,071.43.
• On Monday, February 26th, Ventures Lllp Link sold 5,947 shares of EverQuote stock. The stock was sold at an average price of $17.11, for a total transaction of $101,753.17.
• On Thursday, February 22nd, Ventures Lllp Link sold 578 shares of EverQuote stock. The stock was sold at an average price of $16.61, for a total transaction of $9,600.58.
• On Friday, February 9th, Ventures Lllp Link sold 10,422 shares of EverQuote stock. The stock was sold at an average price of $15.43, for a total transaction of $160,811.46.

EverQuote Price Performance

Shares of EVER stock opened at $18.39 on Friday. The company’s fifty day simple moving average is $17.48 and its two-hundred day simple moving average is $12.71. EverQuote, Inc. has a 1 year low of $5.36 and a 1 year high of $20.74. The stock has a market capitalization of $629.49 million, a price-to-earnings ratio of -11.94 and a beta of 0.90.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EVER. Advisor Group Holdings Inc. grew its position in shares of EverQuote by 398.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock valued at $48,000 after purchasing an additional 2,392 shares in the last quarter. Swiss National Bank grew its position in shares of EverQuote by 10.0% during the 1st quarter. Swiss National Bank now owns 43,900 shares of the company’s stock valued at $710,000 after purchasing an additional 4,000 shares in the last quarter. Raymond James & Associates purchased a new position in EverQuote in the first quarter worth $461,000. Bank of New York Mellon Corp grew its position in EverQuote by 79.9% in the first quarter. Bank of New York Mellon Corp now owns 106,237 shares of the company’s stock worth $1,718,000 after acquiring an additional 47,176 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in EverQuote by 54.2% in the first quarter. MetLife Investment Management LLC now owns 9,721 shares of the company’s stock worth $157,000 after acquiring an additional 3,416 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EVER has been the topic of a number of research reports. B. Riley initiated coverage on shares of EverQuote in a report on Friday. They issued a “buy” rating and a $24.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Finally, Needham & Company LLC boosted 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote currently has an average rating of “Buy” and an average target price of $20.60.

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.