Ventures Lllp Link Sells 1,022 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 1,022 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $29,382.50. Following the sale, the insider now directly owns 3,498,667 shares of the company’s stock, valued at $100,586,676.25. This represents a 0.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, March 19th, Ventures Lllp Link sold 47 shares of EverQuote stock. The stock was sold at an average price of $28.40, for a total transaction of $1,334.80.

EverQuote Stock Down 5.9 %

EVER traded down $1.75 during trading on Wednesday, reaching $27.96. 633,966 shares of the stock traded hands, compared to its average volume of 517,994. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $30.03. The stock’s 50-day moving average is $23.06 and its 200 day moving average is $20.68. The stock has a market capitalization of $998.84 million, a PE ratio of 82.24 and a beta of 1.01.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $133.83 million. As a group, equities research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EVER shares. JPMorgan Chase & Co. raised their price objective on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Canaccord Genuity Group lowered their price target on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, February 24th. Needham & Company LLC increased their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, 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 report on Thursday, December 26th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, EverQuote has a consensus rating of “Buy” and an average target price of $32.33.

Hedge Funds Weigh In On EverQuote

A number of institutional investors have recently modified their holdings of EVER. Vanguard Group Inc. increased its stake in EverQuote by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,016,712 shares of the company’s stock valued at $40,314,000 after purchasing an additional 24,347 shares in the last quarter. Toronado Partners LLC grew its holdings in shares of EverQuote by 59.7% during the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock valued at $14,368,000 after buying an additional 268,670 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of EverQuote by 32.8% during the fourth 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 in the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of EverQuote in the 4th quarter worth about $12,311,000. Finally, Geode Capital Management LLC lifted its holdings in shares of EverQuote by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 600,365 shares of the company’s stock valued at $12,004,000 after purchasing an additional 5,210 shares in the last quarter. 91.54% of the stock is 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.