Ventures Lllp Link Sells 6,830 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 6,830 shares of EverQuote stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $20.14, for a total value of $137,556.20. Following the completion of the sale, the insider now directly owns 1,556,160 shares in the company, valued at approximately $31,341,062.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, April 17th, Ventures Lllp Link sold 2,573 shares of EverQuote stock. The shares were sold at an average price of $20.48, for a total value of $52,695.04.
• 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 Stock Performance

EVER opened at $21.75 on Friday. EverQuote, Inc. has a 52-week low of $5.36 and a 52-week high of $22.27. The firm has a market cap of $744.50 million, a P/E ratio of -14.12 and a beta of 0.85. The business’s fifty day moving average is $18.20 and its 200-day moving average is $13.42.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The firm had revenue of $55.71 million for the quarter, compared to the consensus estimate of $49.89 million. On average, research analysts predict that EverQuote, Inc. will post -0.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Needham & Company LLC raised their price objective on EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. B. Riley began coverage on shares of EverQuote in a report on Friday, April 19th. They set a “buy” rating and a $24.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price objective on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote has a consensus rating of “Buy” and a consensus price target of $20.60.

Institutional Trading of EverQuote

Large investors have recently made changes to their positions in the company. Raymond James & Associates lifted its stake in 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. First Horizon Advisors Inc. lifted its position in shares of EverQuote by 52.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock worth $42,000 after buying an additional 1,981 shares during the last quarter. Gilbert & Cook Inc. acquired a new stake in EverQuote in the third quarter valued at about $85,000. New York State Common Retirement Fund grew its position in EverQuote by 15.6% in the third quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock valued at $305,000 after acquiring an additional 5,684 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in EverQuote by 9.0% during the third quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock worth $4,009,000 after acquiring an additional 45,813 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.