EverQuote (NASDAQ:EVER) Stock Price Down 4.2% After Insider Selling

EverQuote, Inc. (NASDAQ:EVER)’s share price fell 4.2% during mid-day trading on Tuesday after an insider sold shares in the company. The stock traded as low as $20.06 and last traded at $20.02. 51,842 shares were traded during mid-day trading, a decline of 88% from the average session volume of 438,877 shares. The stock had previously closed at $20.89.

Specifically, Director John L. Shields sold 2,000 shares of EverQuote stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the completion of the transaction, the director now directly owns 28,515 shares in the company, valued at $570,300. The trade was a 6.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Analyst Ratings Changes

Several research analysts have commented on the stock. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research report on Thursday, December 26th. JPMorgan Chase & Co. lowered their target price on EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, B. Riley reduced their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, EverQuote presently has a consensus rating of “Buy” and a consensus target price of $31.67.

EverQuote Stock Performance

The company’s 50 day simple moving average is $18.80 and its two-hundred day simple moving average is $20.55. The stock has a market cap of $746.56 million, a price-to-earnings ratio of 62.32 and a beta of 0.96.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business had revenue of $144.53 million during the quarter, compared to analyst estimates of $140.30 million. During the same period last year, the company earned ($0.40) earnings per share. EverQuote’s quarterly revenue was up 162.7% compared to the same quarter last year. On average, equities research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverQuote

Several institutional investors have recently made changes to their positions in the company. Asset Management One Co. Ltd. increased its holdings in EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after buying an additional 2,042 shares during the last quarter. R Squared Ltd acquired a new position in shares of EverQuote during the 4th quarter worth $34,000. Inspire Investing LLC raised its holdings in shares of EverQuote by 25.8% during the 4th quarter. Inspire Investing LLC now owns 48,148 shares of the company’s stock valued at $962,000 after purchasing an additional 9,868 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of EverQuote by 105.1% in the 4th quarter. SG Americas Securities LLC now owns 27,281 shares of the company’s stock valued at $545,000 after purchasing an additional 13,978 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after purchasing an additional 373,280 shares in the last quarter. 91.54% of the stock is currently 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.