EverQuote (NASDAQ:EVER) Sets New 1-Year High – Here’s What Happened

EverQuote, Inc. (NASDAQ:EVER) shares hit a new 52-week high during trading on Monday . The stock traded as high as $28.25 and last traded at $27.71, with a volume of 389583 shares. The stock had previously closed at $26.61.

Analyst Upgrades and Downgrades

EVER has been the topic of several analyst reports. Needham & Company LLC increased their price target 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 stock an “overweight” rating in a research note on Tuesday, February 25th. Raymond James upgraded shares of 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. Finally, Canaccord Genuity Group dropped their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $32.33.

EverQuote Stock Performance

The business’s 50 day moving average is $22.02 and its 200-day moving average is $20.46. The firm has a market capitalization of $945.26 million, a price-to-earnings ratio of 77.82 and a beta of 1.01.

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

Insiders Place Their Bets

In other EverQuote news, CTO David Brainard sold 29,248 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $19.93, for a total value of $582,912.64. Following the sale, the chief technology officer now directly owns 116,212 shares in the company, valued at $2,316,105.16. This trade represents a 20.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jon Ayotte sold 7,647 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $25.72, for a total transaction of $196,680.84. Following the completion of the sale, the chief accounting officer now owns 58,045 shares in the company, valued at $1,492,917.40. This represents a 11.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,863 shares of company stock worth $1,204,605 in the last ninety days. Insiders own 29.79% of the company’s stock.

Institutional Trading of EverQuote

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of EverQuote by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock worth $40,314,000 after acquiring an additional 24,347 shares during the period. Toronado Partners LLC lifted its holdings in shares of EverQuote by 59.7% during the 4th quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock worth $14,368,000 after acquiring an additional 268,670 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of EverQuote by 32.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 654,152 shares of the company’s stock worth $13,076,000 after acquiring an additional 161,426 shares during the period. Divisadero Street Capital Management LP bought a new position in shares of EverQuote during the 4th quarter worth about $12,311,000. Finally, Geode Capital Management LLC lifted its holdings in shares of EverQuote by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 600,365 shares of the company’s stock worth $12,004,000 after acquiring an additional 5,210 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.