EverQuote (NASDAQ:EVER) Shares Up 3.9%

Shares of EverQuote, Inc. (NASDAQ:EVER) shot up 3.9% during trading on Friday . The company traded as high as $18.82 and last traded at $18.82. 18,528 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 364,879 shares. The stock had previously closed at $18.12.

Analysts Set New Price Targets

A number of brokerages recently commented on EVER. Needham & Company LLC lifted their price objective on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. lifted their price objective on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Finally, B. Riley began coverage on EverQuote in a research report on Friday. They issued a “buy” rating and a $24.00 price objective for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote has a consensus rating of “Buy” and an average price target of $20.60.

EverQuote Stock Up 1.5 %

The stock has a market cap of $629.49 million, a P/E ratio of -11.94 and a beta of 0.90. The stock has a fifty day simple moving average of $17.48 and a 200-day simple moving average of $12.71.

EverQuote (NASDAQ:EVER) last issued its earnings results 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 return on equity of 34.38% and a negative net margin of 17.81%. The firm had revenue of $55.71 million for the quarter, compared to analysts’ expectations of $49.89 million. Sell-side analysts anticipate that EverQuote, Inc. will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In other EverQuote news, Director David B. Blundin sold 89,177 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the transaction, the director now owns 802,589 shares in the company, valued at $12,038,835. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, major shareholder Ventures Lllp Link sold 2,573 shares of EverQuote stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total transaction of $52,695.04. Following the transaction, the insider now owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Blundin sold 89,177 shares of EverQuote stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $15.00, for a total value of $1,337,655.00. Following the transaction, the director now owns 802,589 shares in the company, valued at approximately $12,038,835. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 432,709 shares of company stock worth $7,658,766. Insiders own 38.46% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in EverQuote by 51.3% in the 4th quarter. Bank of America Corp DE now owns 2,055,600 shares of the company’s stock valued at $30,300,000 after acquiring an additional 696,994 shares in the last quarter. Earnest Partners LLC lifted its stake in EverQuote by 44.2% in the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after acquiring an additional 592,262 shares in the last quarter. BlackRock Inc. raised its stake in shares of 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 in the last quarter. Baillie Gifford & Co. raised its stake in shares of 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 in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of 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 in the last quarter. 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.