EverQuote, Inc. (NASDAQ:EVER) Major Shareholder Ventures Lllp Link Sells 2,730 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 2,730 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $21.88, for a total transaction of $59,732.40. Following the sale, the insider now owns 1,553,430 shares in the company, valued at $33,989,048.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, April 30th, Ventures Lllp Link sold 6,830 shares of EverQuote stock. The stock was sold at an average price of $20.14, for a total transaction of $137,556.20.
• On Wednesday, April 17th, Ventures Lllp Link sold 2,573 shares of EverQuote stock. The shares were sold at an average price of $20.48, for a total value of $52,695.04.
• On Friday, April 12th, Ventures Lllp Link sold 109 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total value of $2,180.00.
• On Thursday, April 4th, Ventures Lllp Link sold 130 shares of EverQuote stock. The shares were sold at an average price of $20.08, for a total value of $2,610.40.
• On Friday, March 15th, Ventures Lllp Link sold 49,683 shares of EverQuote stock. The stock was sold at an average price of $18.09, for a total value of $898,765.47.
• On Wednesday, March 13th, Ventures Lllp Link sold 91,838 shares of EverQuote stock. The shares were sold at an average price of $19.37, for a total transaction of $1,778,902.06.
• On Monday, March 11th, Ventures Lllp Link sold 10,549 shares of EverQuote stock. The stock was sold at an average price of $17.07, for a total transaction of $180,071.43.
• On Monday, February 26th, Ventures Lllp Link sold 5,947 shares of EverQuote stock. The shares were sold at an average price of $17.11, for a total transaction of $101,753.17.
• On Thursday, February 22nd, Ventures Lllp Link sold 578 shares of EverQuote stock. The stock was sold at an average price of $16.61, for a total transaction of $9,600.58.
• On Friday, February 9th, Ventures Lllp Link sold 10,422 shares of EverQuote stock. The shares were sold at an average price of $15.43, for a total value of $160,811.46.

EverQuote Stock Down 1.8 %

Shares of NASDAQ EVER opened at $21.36 on Tuesday. The stock has a market cap of $731.15 million, a PE ratio of -13.87 and a beta of 0.85. EverQuote, Inc. has a 52-week low of $5.36 and a 52-week high of $22.27. The business has a 50-day moving average price of $18.30 and a 200 day moving average price of $13.60.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, February 26th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.12. The business had revenue of $55.71 million for the quarter, compared to analysts’ expectations of $49.89 million. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. Sell-side analysts anticipate that EverQuote, Inc. will post -0.36 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EVER shares. Needham & Company LLC upped their price objective on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. B. Riley assumed coverage on EverQuote in a report on Friday, April 19th. They issued a “buy” rating and a $24.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote presently has a consensus rating of “Buy” and a consensus price target of $20.60.

Institutional Investors Weigh In On EverQuote

Several hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new stake in EverQuote during the 4th quarter valued at approximately $40,000. First Horizon Advisors Inc. increased its stake in EverQuote by 52.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock valued at $42,000 after buying an additional 1,981 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of EverQuote by 446.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock worth $63,000 after acquiring an additional 4,215 shares during the period. Asset Management One Co. Ltd. purchased a new stake in shares of EverQuote in the fourth quarter valued at about $66,000. Finally, Gilbert & Cook Inc. acquired a new position in shares of EverQuote during the third quarter worth about $85,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.