Short Interest in EverQuote, Inc. (NASDAQ:EVER) Declines By 7.1%

EverQuote, Inc. (NASDAQ:EVER) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 2,100,000 shares, a decrease of 7.1% from the September 30th total of 2,260,000 shares. Based on an average trading volume of 520,800 shares, the days-to-cover ratio is currently 4.0 days.

Insider Buying and Selling

In related news, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the sale, the director now owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other EverQuote news, Director George R. Neble sold 2,500 shares of the business’s stock in a transaction that occurred 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 directly owns 54,970 shares of the company’s stock, valued at approximately $1,067,517.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Ventures Lllp Link sold 7,680 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $27.08, for a total value of $207,974.40. Following the completion of the sale, the insider now directly owns 3,510,721 shares of the company’s stock, valued at approximately $95,070,324.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 93,668 shares of company stock valued at $2,418,629 over the last ninety days. 29.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. nVerses Capital LLC boosted its holdings in shares of EverQuote by 41.2% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after acquiring an additional 700 shares during the period. Quarry LP grew its holdings in EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after buying an additional 985 shares in the last quarter. CWM LLC increased its position 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 period. Meeder Asset Management Inc. purchased a new stake in shares of EverQuote in the second quarter worth about $76,000. Finally, Rhumbline Advisers boosted its position in shares of EverQuote by 18.3% in the second quarter. Rhumbline Advisers now owns 35,793 shares of the company’s stock valued at $747,000 after acquiring an additional 5,534 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum upped their price objective on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $29.58.

EverQuote Trading Down 4.2 %

Shares of EVER stock traded down $0.76 on Friday, hitting $17.22. 792,134 shares of the stock were exchanged, compared to its average volume of 460,260. The firm’s 50 day moving average is $20.88 and its two-hundred day moving average is $21.78. EverQuote has a one year low of $7.11 and a one year high of $28.09. The firm has a market capitalization of $604.08 million, a PE ratio of -20.07 and a beta of 1.04.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, August 5th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.14. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The firm had revenue of $117.14 million during the quarter, compared to analyst estimates of $102.81 million. During the same quarter last year, the business earned ($0.31) earnings per share. The company’s quarterly revenue was up 72.3% on a year-over-year basis. On average, sell-side analysts expect that EverQuote will post 0.57 earnings per share for the current year.

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.