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 EverQuote stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $20.93, for a total value of $41,860.00. Following the completion of the sale, the director now directly owns 26,515 shares in the company, valued at approximately $554,958.95. This represents a 7.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

EverQuote Trading Up 4.1 %

EVER opened at $21.89 on Thursday. The stock’s fifty day simple moving average is $24.30 and its 200 day simple moving average is $20.90. EverQuote, Inc. has a 1-year low of $16.63 and a 1-year high of $30.03. The stock has a market cap of $782.00 million, a PE ratio of 64.38 and a beta of 0.77.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share 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 net margin of 3.31% and a return on equity of 13.94%. Equities analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Institutional Investors Weigh In On EverQuote

Several hedge funds have recently bought and sold shares of the stock. Verition Fund Management LLC bought a new position in shares of EverQuote during the third quarter worth approximately $219,000. Wellington Management Group LLP bought a new position in EverQuote during the 3rd quarter worth $1,641,000. MML Investors Services LLC acquired a new stake in shares of EverQuote during the third quarter worth $290,000. Barclays PLC lifted its holdings in shares of EverQuote by 331.2% during the third quarter. Barclays PLC now owns 50,983 shares of the company’s stock worth $1,076,000 after buying an additional 39,160 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of EverQuote by 10.4% in the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after acquiring an additional 56,114 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 analyst reports. JPMorgan Chase & Co. raised their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. 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 report 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 for the company in a research note on Thursday, December 26th. Finally, Canaccord Genuity Group decreased their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, EverQuote has an average rating of “Buy” and a consensus price target 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.