EverQuote (NASDAQ:EVER) Director George Neble Sells 1,593 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) Director George Neble sold 1,593 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $20.83, for a total value of $33,182.19. Following the sale, the director directly owned 56,547 shares of the company’s stock, valued at $1,177,874.01. The trade was a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

EverQuote Trading Up 2.5%

Shares of EVER stock opened at $20.61 on Wednesday. The company has a market capitalization of $742.58 million, a P/E ratio of 6.69 and a beta of 0.68. The business’s 50 day moving average is $22.97 and its two-hundred day moving average is $21.19. EverQuote, Inc. has a twelve month low of $13.88 and a twelve month high of $28.73.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, August 3rd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.52 by $0.01. The business had revenue of $195.09 million during the quarter, compared to analysts’ expectations of $191.06 million. EverQuote had a return on equity of 50.29% and a net margin of 15.16%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, equities analysts predict that EverQuote, Inc. will post 1.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverQuote

Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its position in shares of EverQuote by 47.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 909,877 shares of the company’s stock worth $13,412,000 after buying an additional 293,160 shares in the last quarter. Jacobs Asset Management LLC grew its stake in EverQuote by 199.9% in the 1st quarter. Jacobs Asset Management LLC now owns 403,300 shares of the company’s stock valued at $6,219,000 after acquiring an additional 268,819 shares during the last quarter. Renaissance Technologies LLC grew its stake in EverQuote by 28.9% in the 1st quarter. Renaissance Technologies LLC now owns 941,467 shares of the company’s stock valued at $14,517,000 after acquiring an additional 211,360 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in EverQuote by 37.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 695,716 shares of the company’s stock valued at $10,728,000 after acquiring an additional 190,438 shares during the last quarter. Finally, OP Asset Management Ltd purchased a new position in EverQuote during the 1st quarter valued at about $2,410,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EVER shares. Raymond James Financial restated an “outperform” rating and issued a $28.00 price objective on shares of EverQuote in a research report on Thursday, August 13th. Needham & Company LLC lifted their price objective on EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded EverQuote from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. B. Riley Financial reiterated a “buy” rating and set a $34.00 target price (up from $30.00) on shares of EverQuote in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. assumed coverage on EverQuote in a research note on Monday, August 24th. They set an “overweight” rating and a $29.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, EverQuote has an average rating of “Moderate Buy” and an average price target of $28.17.

EverQuote Company Profile

EverQuote, Inc operates an online marketplace that helps consumers compare insurance options and connect with insurance providers. Its platform uses data, digital marketing and technology to match consumers seeking coverage with insurers and other insurance-related providers.

The company has primarily focused on auto insurance, while also supporting shopping and customer acquisition activities for additional property and casualty insurance products, including home and renters coverage.