EverQuote (NASDAQ:EVER) Shares Up 3.9%

EverQuote, Inc. (NASDAQ:EVER) shot up 3.9% during trading on Friday . The stock traded as high as $18.82 and last traded at $18.82. 18,528 shares changed hands during trading, a decline of 95% from the average session volume of 364,879 shares. The stock had previously closed at $18.12.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EVER. B. Riley began coverage on EverQuote in a report on Friday. They set a “buy” rating and a $24.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Finally, Needham & Company LLC lifted their price target on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $20.60.

EverQuote Trading Up 1.5 %

The stock has a market capitalization of $629.49 million, a PE ratio of -11.94 and a beta of 0.90. The firm’s fifty day moving average is $17.48 and its 200-day moving average is $12.71.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.12. The firm had revenue of $55.71 million for the quarter, compared to analyst estimates of $49.89 million. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. As a group, equities analysts predict that EverQuote, Inc. will post -0.43 EPS for the current year.

Insider Activity at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 2,573 shares of EverQuote stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total value of $52,695.04. Following the completion of the transaction, the insider now directly owns 1,562,990 shares of the company’s stock, valued at approximately $32,010,035.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other EverQuote news, major shareholder Ventures Lllp Link sold 2,573 shares of EverQuote stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total value of $52,695.04. Following the completion of the transaction, the insider now directly owns 1,562,990 shares of the company’s stock, valued at approximately $32,010,035.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David B. Blundin sold 89,177 shares of EverQuote stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $15.00, for a total value of $1,337,655.00. Following the completion of the transaction, the director now directly owns 802,589 shares of the company’s stock, valued at $12,038,835. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 432,709 shares of company stock worth $7,658,766. Company insiders own 38.46% of the company’s stock.

Hedge Funds Weigh In On EverQuote

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Counterpoint Mutual Funds LLC acquired a new position in shares of EverQuote during the first quarter worth about $672,000. Vanguard Group Inc. grew its position in shares of EverQuote 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 buying an additional 76,856 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in EverQuote by 79.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 101,019 shares of the company’s stock worth $1,236,000 after purchasing an additional 44,641 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in EverQuote during the fourth quarter worth approximately $445,000. Finally, Barclays PLC lifted its stake in EverQuote by 120.5% during the fourth quarter. Barclays PLC now owns 35,538 shares of the company’s stock worth $435,000 after purchasing an additional 19,418 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.