Ventures Lllp Link Sells 2,730 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 2,730 shares of EverQuote stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $21.88, for a total transaction of $59,732.40. Following the transaction, the insider now owns 1,553,430 shares of the company’s stock, valued at $33,989,048.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Ventures Lllp Link also recently made the following trade(s):

• On Tuesday, April 30th, Ventures Lllp Link sold 6,830 shares of EverQuote stock. The shares were sold at an average price of $20.14, for a total value of $137,556.20.
• On Wednesday, April 17th, Ventures Lllp Link sold 2,573 shares of EverQuote stock. The stock was sold at an average price of $20.48, for a total value of $52,695.04.
• On Friday, April 12th, Ventures Lllp Link sold 109 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total transaction of $2,180.00.
• On Thursday, April 4th, Ventures Lllp Link sold 130 shares of EverQuote stock. The shares were sold at an average price of $20.08, for a total transaction of $2,610.40.
• On Friday, March 15th, Ventures Lllp Link sold 49,683 shares of EverQuote stock. The stock was sold at an average price of $18.09, for a total transaction of $898,765.47.
• On Wednesday, March 13th, Ventures Lllp Link sold 91,838 shares of EverQuote stock. The stock was sold at an average price of $19.37, for a total transaction of $1,778,902.06.
• On Monday, March 11th, Ventures Lllp Link sold 10,549 shares of EverQuote stock. The shares were sold at an average price of $17.07, for a total value of $180,071.43.
• On Monday, February 26th, Ventures Lllp Link sold 5,947 shares of EverQuote stock. The shares were sold at an average price of $17.11, for a total value of $101,753.17.
• On Thursday, February 22nd, Ventures Lllp Link sold 578 shares of EverQuote stock. The stock was sold at an average price of $16.61, for a total value of $9,600.58.
• On Friday, February 9th, Ventures Lllp Link sold 10,422 shares of EverQuote stock. The shares were sold at an average price of $15.43, for a total transaction of $160,811.46.

EverQuote Stock Performance

NASDAQ EVER opened at $25.29 on Wednesday. The business’s fifty day moving average is $18.38 and its 200 day moving average is $13.69. EverQuote, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $25.69. The company has a market capitalization of $865.68 million, a PE ratio of -16.42 and a beta of 0.85.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $91.07 million for the quarter, compared to analysts’ expectations of $80.36 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The business’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. On average, sell-side analysts forecast that EverQuote, Inc. will post -0.36 EPS for the current year.

Hedge Funds Weigh In On EverQuote

Hedge funds have recently modified their holdings of the company. Raymond James & Associates raised its position in shares of EverQuote by 69.3% during the 3rd quarter. Raymond James & Associates now owns 44,704 shares of the company’s stock valued at $323,000 after purchasing an additional 18,295 shares during the period. First Horizon Advisors Inc. raised its holdings in EverQuote by 52.5% during the third quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock valued at $42,000 after acquiring an additional 1,981 shares during the period. Gilbert & Cook Inc. bought a new stake in EverQuote during the third quarter valued at about $85,000. New York State Common Retirement Fund lifted its position in shares of EverQuote by 15.6% in the third quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock valued at $305,000 after acquiring an additional 5,684 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of EverQuote by 9.0% in the third quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock worth $4,009,000 after acquiring an additional 45,813 shares during the period. 91.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC raised their price target on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. B. Riley increased their target price on EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a report on Tuesday. Finally, Craig Hallum upped their price target on shares of EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a buy rating, According to MarketBeat, EverQuote has a consensus rating of “Buy” and a consensus price target of $26.25.

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.