John L. Shields Sells 2,000 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director John L. Shields sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $20.93, for a total value of $41,860.00. Following the completion of the transaction, the director now owns 26,515 shares of the company’s stock, valued at approximately $554,958.95. The trade was a 7.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

EverQuote Stock Up 4.2 %

Shares of EverQuote stock opened at $22.81 on Friday. The firm has a market cap of $814.86 million, a PE ratio of 67.09 and a beta of 0.77. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03. The business has a 50-day moving average price of $24.32 and a 200 day moving average price of $20.91.

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

Institutional Investors Weigh In On EverQuote

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in shares of EverQuote in the fourth quarter valued at about $34,000. Asset Management One Co. Ltd. lifted its stake in EverQuote by 80.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after buying an additional 2,042 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in EverQuote in the 4th quarter valued at about $90,000. AlphaQuest LLC boosted its holdings in EverQuote by 53.9% in the 4th quarter. AlphaQuest LLC now owns 7,704 shares of the company’s stock worth $154,000 after buying an additional 2,698 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in EverQuote during the 1st quarter worth approximately $157,000. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

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

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.