EverQuote (NASDAQ:EVER) shares rise 3.9%

The shares of EverQuote, Inc. (NASDAQ:EVER – Get Free Report) rose 3.9% in trading on Friday. The company traded as high as $18.82 and last traded at $18.82. During afternoon trading, 18,528 shares changed hands, a 95% decline from the average session volume of 364,879 shares. The stock previously closed at $18.12.

Analysts set new price targets

A number of brokers have recently responded to EVER. Needham & Company LLC raised their price objective on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27. JPMorgan Chase & Co. raised their price objective on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27. Finally, B. Riley opened up about EverQuote in a research report on Friday. They gave a Buy rating and a $24.00 price target for the company. Five investment analysts have rated the stock with a buy rating. Based on data from MarketBeat.com, EverQuote has a consensus rating of ‘Buy’ and an average price target of $20.60.

Check out our latest research report on EverQuote

EverQuote Shares Rise 1.5%

The stock has a market cap of $629.49 million, a price-to-earnings ratio of -11.94 and a beta of 0.90. The stock has a fifty-day simple moving average of $17.48 and a 200-day simple moving average of $12.71.

EverQuote (NASDAQ:EVER – Get Free Report) posted its latest earnings results on Monday, February 26. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.12. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The company had revenue of $55.71 million for the quarter, compared to analyst expectations of $49.89 million. Sell-side analysts expect EverQuote, Inc. will post an earnings per share of -0.43 for the current year.

Insiders place their bets

In other EverQuote news, Director David B. Blundin sold 89,177 shares of the company’s stock in a transaction dated Friday, February 9th. The shares sold at an average price of $15.00, for a total transaction of $1,337,655.00. Following the transaction, the director now owns 802,589 shares in the company, valued at $12,038,835. The sale was disclosed in a document filed with the SEC, available at this link. In other news, major shareholder Ventures Lllp Link sold 2,573 shares of EverQuote in a transaction dated Wednesday, April 17. The stock sold at an average price of $20.48, for a total transaction of $52,695.04. Following the transaction, the insider now owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission and available on the SEC’s website. Also, Director David B. Blundin sold 89,177 shares of EverQuote stock in a transaction dated Friday, February 9th. The shares sold at an average price of $15.00, for a total value of $1,337,655.00. Following the transaction, the director now owns 802,589 shares in the company, valued at approximately $12,038,835. The explanation of this sale can be found here. Last quarter, insiders sold 432,709 company shares worth $7,658,766. Insiders own 38.46% of the company’s shares.

Hedge funds weigh in on EverQuote

Institutional investors have recently changed their ownership of the company. Bank of America Corp DE increased its stake in EverQuote by 51.3% in the fourth quarter. Bank of America Corp DE now owns 2,055,600 shares of the company’s stock valued at $30,300,000 after acquiring an additional 696,994 shares during the last quarter. Earnest Partners LLC increased its stake in EverQuote by 44.2% in the third quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after acquiring an additional 592,262 shares during the last quarter. BlackRock Inc. increased its stake in shares of EverQuote by 6.5% during the second quarter. BlackRock Inc. now owns 1,647,061 shares of the company’s stock worth $10,706,000 after purchasing an additional 100,133 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of EverQuote by 2.4% during the 4th quarter. Baillie Gifford & Co. now owns 1,362,022 shares of the company’s stock worth $20,076,000 after purchasing an additional 31,957 shares in the last quarter. Finally, Vanguard Group Inc. raised increased its stake in EverQuote stock by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 1,127,137 shares of the company’s stock worth $13,796,000 after purchasing an additional 76,856 shares in the last quarter. Institutional investors own 91.54% of the company’s shares.

About EverQuote

(Get a free report)

EverQuote, Inc operates an online marketplace for purchasing insurance in the United States. The company offers auto, home, renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was previously known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.

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