EverQuote, Inc. (NASDAQ:EVER) Major Shareholder Sells $29,382.50 in Stock

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 1,022 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $29,382.50. Following the completion of the transaction, the insider now directly owns 3,498,667 shares in the company, valued at $100,586,676.25. The trade was a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Ventures Lllp Link also recently made the following trade(s):

• On Wednesday, March 19th, Ventures Lllp Link sold 47 shares of EverQuote stock. The shares were sold at an average price of $28.40, for a total value of $1,334.80.

EverQuote Price Performance

Shares of NASDAQ EVER opened at $28.09 on Friday. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm has a market capitalization of $1.00 billion, a P/E ratio of 82.62 and a beta of 1.01. The company’s 50 day simple moving average is $23.43 and its 200 day simple moving average is $20.78.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The company had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. Sell-side analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Hedge Funds Weigh In On EverQuote

Several institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in shares of EverQuote by 255.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after acquiring an additional 172,785 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in EverQuote by 636.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after purchasing an additional 90,500 shares during the period. Geode Capital Management LLC boosted its position in shares of EverQuote by 10.4% during the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after purchasing an additional 56,114 shares in the last quarter. Counterpoint Mutual Funds LLC boosted its position in shares of EverQuote by 74.3% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company’s stock worth $761,000 after purchasing an additional 16,217 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after buying an additional 39,160 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVER has been the subject of a number of research analyst reports. Canaccord Genuity Group cut their price target on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, February 24th. Needham & Company LLC boosted their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. increased their price target on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Finally, Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, EverQuote has a consensus rating of “Buy” and a consensus target price of $32.33.

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.