EverQuote, Inc. (NASDAQ:EVER – Get Rating)'s stock price was down 3% during trading on Monday following insider selling activity. The company traded as low as $17.01 and last traded at $17.18. Approximately 50,482 shares were traded during trading, a decline of 85% from the average daily volume of 342,034 shares. The stock had previously closed at $17.71.
Specifically, CTO David Brainard sold 3,605 shares of EverQuote stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $10.58, for a total value of $38,140.90. Following the transaction, the chief technology officer now directly owns 160,737 shares of the company's stock, valued at approximately $1,700,597.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other EverQuote news, CTO David Brainard sold 3,605 shares of EverQuote stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $10.58, for a total value of $38,140.90. Following the transaction, the chief technology officer now directly owns 160,737 shares of the company's stock, valued at approximately $1,700,597.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John Brandon Wagner sold 12,500 shares of EverQuote stock in a transaction that occurred on Wednesday, January 18th. The stock was sold at an average price of $17.50, for a total value of $218,750.00. Following the completion of the transaction, the chief financial officer now directly owns 278,324 shares in the company, valued at $4,870,670. The disclosure for this sale can be found here. Insiders have sold 92,524 shares of company stock valued at $1,230,182 in the last ninety days. Company insiders own 41.26% of the company's stock.
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Wall Street Analyst Weigh In
EVER has been the topic of several research analyst reports. JPMorgan Chase & Co. raised EverQuote from an "underweight" rating to an "overweight" rating and boosted their target price for the company from $8.00 to $15.00 in a research note on Tuesday, December 20th. Needham & Company LLC lifted their price target on EverQuote from $8.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, January 18th. Finally, Oppenheimer lifted their price target on EverQuote from $8.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, EverQuote has an average rating of "Moderate Buy" and an average target price of $18.00.
EverQuote Stock Down 3.0 %
The company has a fifty day simple moving average of $13.15 and a 200 day simple moving average of $10.13. The firm has a market capitalization of $552.42 million, a P/E ratio of -22.14 and a beta of 1.22.
EverQuote (NASDAQ:EVER – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.21. EverQuote had a negative return on equity of 24.34% and a negative net margin of 5.84%. The firm had revenue of $103.22 million during the quarter, compared to analysts' expectations of $93.28 million. As a group, equities analysts expect that EverQuote, Inc. will post -0.78 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of EVER. First Horizon Advisors Inc. purchased a new position in shares of EverQuote in the second quarter worth $43,000. Allspring Global Investments Holdings LLC increased its position in EverQuote by 588.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,895 shares of the company's stock valued at $47,000 after acquiring an additional 5,893 shares during the last quarter. Advisor Group Holdings Inc. increased its position in EverQuote by 398.7% during the first quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company's stock valued at $48,000 after acquiring an additional 2,392 shares during the last quarter. Amalgamated Bank purchased a new stake in EverQuote during the first quarter valued at $52,000. Finally, Asset Management One Co. Ltd. increased its position in EverQuote by 54.2% during the second quarter. Asset Management One Co. Ltd. now owns 6,817 shares of the company's stock valued at $60,000 after acquiring an additional 2,396 shares during the last quarter. Hedge funds and other institutional investors own 51.76% of the company's stock.
About EverQuote
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EverQuote, Inc operates as an online insurance marketplace connecting consumers with insurance providers. It offers car, home and life insurance. The firm's data and technology platform matches and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers.
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