EverQuote, Inc. (NASDAQ:EVER) Major Shareholder Sells $52,695.04 in Stock

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 2,573 shares of EverQuote stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total value of $52,695.04. Following the transaction, the insider now owns 1,562,990 shares in the company, valued at approximately $32,010,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, April 12th, Ventures Lllp Link sold 109 shares of EverQuote stock. The shares were sold at an average price of $20.00, for a total transaction of $2,180.00.
• On Thursday, April 4th, Ventures Lllp Link sold 130 shares of EverQuote stock. The stock was sold at an average price of $20.08, for a total transaction of $2,610.40.
• On Friday, March 15th, Ventures Lllp Link sold 49,683 shares of EverQuote stock. The shares were sold at an average price of $18.09, for a total transaction of $898,765.47.
• On Wednesday, March 13th, Ventures Lllp Link sold 91,838 shares of EverQuote stock. The shares were sold at an average price of $19.37, for a total value of $1,778,902.06.
• On Monday, March 11th, Ventures Lllp Link sold 10,549 shares of EverQuote stock. The shares were sold at an average price of $17.07, for a total value of $180,071.43.
• On Monday, February 26th, Ventures Lllp Link sold 5,947 shares of EverQuote stock. The shares were sold at an average price of $17.11, for a total transaction of $101,753.17.
• On Thursday, February 22nd, Ventures Lllp Link sold 578 shares of EverQuote stock. The stock was sold at an average price of $16.61, for a total transaction of $9,600.58.
• On Friday, February 9th, Ventures Lllp Link sold 10,422 shares of EverQuote stock. The stock was sold at an average price of $15.43, for a total value of $160,811.46.

EverQuote Trading Up 1.5 %

NASDAQ:EVER traded up $0.27 during midday trading on Friday, hitting $18.39. 286,186 shares of the company were exchanged, compared to its average volume of 368,416. EverQuote, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $20.74. The company has a market capitalization of $629.49 million, a PE ratio of -11.94 and a beta of 0.90. The company has a fifty day simple moving average of $17.42 and a 200 day simple moving average of $12.59.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 26th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.12. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The business had revenue of $55.71 million for the quarter, compared to analysts’ expectations of $49.89 million. As a group, equities research analysts expect that EverQuote, Inc. will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its holdings in shares of EverQuote by 21.3% in the 3rd quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock valued at $1,592,000 after acquiring an additional 38,663 shares during the period. Earnest Partners LLC grew its stake in shares of EverQuote by 44.2% in the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after purchasing an additional 592,262 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of EverQuote by 9.0% in the third quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock valued at $4,009,000 after purchasing an additional 45,813 shares during the period. Gilbert & Cook Inc. purchased a new stake in shares of EverQuote during the third quarter worth approximately $85,000. Finally, Raymond James & Associates raised its stake in shares of EverQuote by 69.3% during the third quarter. Raymond James & Associates now owns 44,704 shares of the company’s stock worth $323,000 after purchasing an additional 18,295 shares during the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Needham & Company LLC upped their price target on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. raised their price objective on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, B. Riley started coverage on shares of EverQuote in a research note on Friday. They set a “buy” rating and a $24.00 target price for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote presently has a consensus rating of “Buy” and a consensus target price of $20.60.

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.