EverQuote (NASDAQ:EVER) Trading Down 4.3% After Insider Selling

Shares of EverQuote, Inc. (NASDAQ:EVER) were down 4.3% during trading on Monday following insider selling activity. The company traded as low as $19.17 and last traded at $19.17. Approximately 91,025 shares were traded during trading, a decline of 80% from the average daily volume of 455,142 shares. The stock had previously closed at $20.04.

Specifically, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the transaction, the director now owns 54,970 shares in the company, valued at $1,067,517.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EVER. Needham & Company LLC raised their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum raised their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Six 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 a consensus price target of $29.58.

EverQuote Stock Down 2.6 %

The stock has a market cap of $677.83 million, a PE ratio of -13.84 and a beta of 1.04. The stock has a 50-day moving average of $21.89 and a 200 day moving average of $21.86.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The firm had revenue of $117.14 million for the quarter, compared to the consensus estimate of $102.81 million. During the same quarter last year, the business posted ($0.31) earnings per share. The firm’s revenue was up 72.3% compared to the same quarter last year. Research analysts forecast that EverQuote, Inc. will post 0.57 EPS for the current fiscal year.

Institutional Investors Weigh In On EverQuote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP increased its stake in EverQuote by 215.5% during the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after acquiring an additional 985 shares during the last quarter. CWM LLC increased its stake in EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after acquiring an additional 1,063 shares during the last quarter. nVerses Capital LLC acquired a new stake in EverQuote during the second quarter worth $35,000. Meeder Asset Management Inc. acquired a new stake in EverQuote during the second quarter worth $76,000. Finally, Rhumbline Advisers increased its stake in EverQuote by 18.3% during the second quarter. Rhumbline Advisers now owns 35,793 shares of the company’s stock worth $747,000 after acquiring an additional 5,534 shares during the last quarter. Institutional investors and hedge funds 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.