EverQuote (NASDAQ:EVER) Trading 5.7% Higher – Here’s What Happened

EverQuote, Inc. (NASDAQ:EVER) traded up 5.7% during trading on Wednesday . The company traded as high as $18.75 and last traded at $18.71. 94,958 shares were traded during trading, a decline of 79% from the average session volume of 453,818 shares. The stock had previously closed at $17.70.

Analyst Upgrades and Downgrades

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

EverQuote Price Performance

The firm’s fifty day moving average price is $20.88 and its 200 day moving average price is $21.78.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate 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 business had revenue of $117.14 million for the quarter, compared to analysts’ expectations of $102.81 million. During the same quarter in the previous year, the company earned ($0.31) EPS. The business’s quarterly revenue was up 72.3% compared to the same quarter last year. As a group, research analysts expect that EverQuote, Inc. will post 0.57 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director George R. Neble sold 2,500 shares of the 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 transaction, the director now directly owns 54,970 shares in the company, valued at approximately $1,067,517.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other EverQuote news, CTO David Brainard sold 1,641 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the sale, the chief technology officer now directly owns 155,491 shares in the company, valued at $3,144,028.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director George R. Neble sold 2,500 shares of EverQuote stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 93,668 shares of company stock worth $2,418,629. Corporate insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

A number of institutional investors have recently bought and sold shares of EVER. BNP Paribas Financial Markets grew its holdings in EverQuote by 127.6% during the 1st quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock valued at $1,016,000 after purchasing an additional 30,699 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of EverQuote by 244,503.3% during the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock valued at $5,448,000 after buying an additional 293,404 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in shares of EverQuote in the first quarter worth approximately $211,000. First Eagle Investment Management LLC lifted its stake in shares of EverQuote by 3.6% during the 1st quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock worth $9,876,000 after acquiring an additional 18,523 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in EverQuote by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock valued at $21,487,000 after acquiring an additional 30,577 shares during the period. 91.54% of the stock is currently owned by institutional investors.

About EverQuote

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.