EverQuote (NASDAQ:EVER) Shares Up 10.1% – Here’s Why

EverQuote, Inc. (NASDAQ:EVER)’s share price was up 10.1% during trading on Monday . The company traded as high as $20.28 and last traded at $20.28. Approximately 185,135 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 469,445 shares. The stock had previously closed at $18.42.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Craig Hallum upped their target price on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. B. Riley reduced their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Needham & Company LLC increased their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $28.50.

EverQuote Price Performance

The company has a market capitalization of $680.90 million, a P/E ratio of 59.65 and a beta of 1.06. The firm’s 50-day moving average is $20.13 and its 200-day moving average is $21.81.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. The firm had revenue of $144.53 million for the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The company’s revenue was up 162.7% on a year-over-year basis. During the same period last year, the firm earned ($0.40) EPS. As a group, analysts forecast that EverQuote, Inc. will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling

In other EverQuote news, Director George R. Neble sold 2,500 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the transaction, the director now owns 54,970 shares of the company’s stock, valued at $1,067,517.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CTO David Brainard sold 3,164 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $22.02, for a total transaction of $69,671.28. Following the completion of the transaction, the chief technology officer now directly owns 160,986 shares in the company, valued at approximately $3,544,911.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares in the company, valued at $1,067,517.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,270 shares of company stock valued at $431,011. Corporate insiders own 29.79% of the company’s stock.

Hedge Funds Weigh In On EverQuote

Several institutional investors have recently bought and sold shares of EVER. Gladius Capital Management LP purchased a new stake in EverQuote during the 3rd quarter valued at $26,000. Quarry LP lifted its stake in EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company’s stock worth $30,000 after purchasing an additional 985 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of EverQuote during the second quarter valued at approximately $35,000. CWM LLC grew its stake in shares of EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after buying an additional 1,063 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after buying an additional 1,874 shares during 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.