EverQuote (NASDAQ:EVER) Director John Shields Sells 1,366 Shares of Company Stock

EverQuote, Inc. (NASDAQ:EVER) Director John Shields sold 1,366 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $20.83, for a total transaction of $28,453.78. Following the transaction, the director directly owned 29,832 shares in the company, valued at $621,400.56. The trade was a 4.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

EverQuote Stock Performance

EverQuote stock opened at $20.61 on Wednesday. The firm has a market cap of $742.58 million, a PE ratio of 6.69 and a beta of 0.68. The firm’s 50 day moving average price is $22.97 and its two-hundred day moving average price is $21.19. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, August 3rd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.01. EverQuote had a net margin of 15.16% and a return on equity of 50.29%. The company had revenue of $195.09 million during the quarter, compared to analyst estimates of $191.06 million. During the same quarter last year, the business posted $0.39 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities analysts anticipate that EverQuote, Inc. will post 1.72 EPS for the current fiscal year.

Analysts Set New Price Targets

EVER has been the subject of several recent research reports. Weiss Ratings upgraded EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. Zacks Research upgraded EverQuote from a “strong sell” rating to a “hold” rating in a research note on Friday, October 2nd. B. Riley Financial reaffirmed a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Needham & Company LLC upped their target price on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $28.00 price target on shares of EverQuote in a research note on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.17.

Institutional Trading of EverQuote

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of EverQuote by 47.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after buying an additional 293,160 shares during the period. Jacobs Asset Management LLC grew its stake in EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after buying an additional 268,819 shares during the last quarter. Renaissance Technologies LLC grew its stake in EverQuote by 28.9% in the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after buying an additional 211,360 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in EverQuote by 37.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock worth $10,728,000 after acquiring an additional 190,438 shares during the period. Finally, OP Asset Management Ltd bought a new position in EverQuote in the 1st quarter worth $2,410,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

About EverQuote

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.