EverQuote, Inc. (NASDAQ:EVER) Short Interest Update

EverQuote, Inc. (NASDAQ:EVER) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,010,000 shares, a decrease of 9.0% from the January 15th total of 2,210,000 shares. Based on an average trading volume of 464,900 shares, the days-to-cover ratio is currently 4.3 days.

Insider Activity

In other news, Director John L. Shields sold 2,000 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $20.00, for a total value of $40,000.00. Following the transaction, the director now owns 28,515 shares in the company, valued at approximately $570,300. This represents a 6.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO David Brainard sold 3,675 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $19.52, for a total value of $71,736.00. Following the completion of the transaction, the chief technology officer now owns 108,244 shares in the company, valued at approximately $2,112,922.88. The trade was a 3.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,955 shares of company stock worth $995,711. 29.79% of the stock is currently owned by insiders.

Institutional Trading of EverQuote

Several hedge funds have recently modified their holdings of EVER. Gladius Capital Management LP acquired a new position in EverQuote during the third quarter worth $26,000. R Squared Ltd acquired a new position in EverQuote during the fourth quarter worth $34,000. nVerses Capital LLC raised its holdings in EverQuote by 41.2% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $51,000 after purchasing an additional 700 shares during the last quarter. Quarry LP raised its holdings in EverQuote by 100.7% during the third quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after purchasing an additional 1,452 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EVER has been the topic of a number of research reports. B. Riley dropped their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Thursday, December 26th. Five 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, the stock presently has a consensus rating of “Buy” and an average price target of $31.67.

EverQuote Price Performance

Shares of EVER stock traded down $0.09 during midday trading on Monday, hitting $21.69. The company had a trading volume of 303,642 shares, compared to its average volume of 431,976. The company’s 50 day simple moving average is $19.35 and its 200 day simple moving average is $20.21. EverQuote has a 52-week low of $14.28 and a 52-week high of $28.09. The stock has a market cap of $766.74 million, a price-to-earnings ratio of 63.79 and a beta of 0.96.

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.