EverQuote, Inc. (NASDAQ:EVER) Short Interest Update

EverQuote, Inc. (NASDAQ:EVER) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 1,910,000 shares, a growth of 7.9% from the July 31st total of 1,770,000 shares. Based on an average daily volume of 542,900 shares, the days-to-cover ratio is currently 3.5 days.

Insider Transactions at EverQuote

In other EverQuote news, Director David B. Blundin sold 5,384 shares of EverQuote stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $23.16, for a total transaction of $124,693.44. Following the transaction, the director now directly owns 1,519,511 shares of the company’s stock, valued at $35,191,874.76. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Ventures Lllp Link sold 7,680 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total transaction of $207,974.40. Following the transaction, the insider now directly owns 3,510,721 shares of the company’s stock, valued at approximately $95,070,324.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Blundin sold 5,384 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $23.16, for a total value of $124,693.44. Following the completion of the transaction, the director now owns 1,519,511 shares of the company’s stock, valued at approximately $35,191,874.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,692 shares of company stock worth $3,700,921. 29.79% of the stock is currently owned by company insiders.

Institutional Trading of EverQuote

Several institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its holdings in shares of EverQuote by 25.6% in the 4th quarter. New York State Common Retirement Fund now owns 53,026 shares of the company’s stock valued at $649,000 after buying an additional 10,813 shares during the period. Counterpoint Mutual Funds LLC bought a new position in EverQuote in the first quarter worth about $672,000. BNP Paribas Financial Markets boosted its stake in EverQuote by 127.6% in the first quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock valued at $1,016,000 after acquiring an additional 30,699 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of EverQuote by 244,503.3% during the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after purchasing an additional 293,404 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of EverQuote during the 1st quarter worth approximately $211,000. Institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

EVER has been the subject of several analyst reports. B. Riley upped their target price on shares of EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Craig Hallum raised their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 6th. Needham & Company LLC raised their price objective on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, Canaccord Genuity Group lifted their price objective on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote presently has an average rating of “Buy” and an average target price of $29.58.

EverQuote Stock Performance

NASDAQ:EVER opened at $22.28 on Wednesday. The company has a market capitalization of $773.67 million, a price-to-earnings ratio of -15.80 and a beta of 0.96. EverQuote has a one year low of $5.77 and a one year high of $28.09. The stock has a 50-day simple moving average of $23.14 and a 200 day simple moving average of $21.00.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. The business had revenue of $117.14 million during the quarter, compared to the consensus estimate of $102.81 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The business’s quarterly revenue was up 72.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.31) EPS. On average, equities research analysts forecast that EverQuote will post 0.57 EPS for the current fiscal year.

EverQuote Company Profile

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.