EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director John L. Shields sold 2,000 shares of the stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $20.93, for a total transaction of $41,860.00. Following the sale, the director now directly owns 26,515 shares in the company, valued at approximately $554,958.95. This represents a 7.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
EverQuote Trading Up 2.5 %
EVER stock opened at $21.03 on Wednesday. The business's 50 day simple moving average is $24.29 and its 200 day simple moving average is $20.89. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The firm has a market capitalization of $751.28 million, a PE ratio of 61.85 and a beta of 0.77.
EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.18. The company had revenue of $147.46 million during the quarter, compared to analysts' expectations of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. As a group, sell-side analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of EverQuote by 4.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company's stock worth $288,000 after acquiring an additional 608 shares in the last quarter. Corton Capital Inc. lifted its stake in EverQuote by 3.4% during the fourth quarter. Corton Capital Inc. now owns 21,592 shares of the company's stock worth $432,000 after purchasing an additional 714 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of EverQuote by 4.8% in the 4th quarter. Legal & General Group Plc now owns 21,985 shares of the company's stock valued at $439,000 after purchasing an additional 1,012 shares in the last quarter. Rhumbline Advisers increased its stake in shares of EverQuote by 4.0% in the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company's stock valued at $698,000 after purchasing an additional 1,332 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of EverQuote by 2.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 55,600 shares of the company's stock worth $1,111,000 after buying an additional 1,500 shares in the last quarter. Institutional investors own 91.54% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on EVER shares. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, February 25th. Needham & Company LLC raised their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. 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. Finally, Canaccord Genuity Group reduced their price target on EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, February 24th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $32.33.
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About EverQuote
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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.
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