Insider Selling: EverQuote, Inc. (NASDAQ:EVER) Major Shareholder Sells $59,732.40 in Stock

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 2,730 shares of EverQuote stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $21.88, for a total value of $59,732.40. Following the sale, the insider now directly owns 1,553,430 shares of the company’s stock, valued at approximately $33,989,048.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major 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 Tuesday, April 30th, Ventures Lllp Link sold 6,830 shares of EverQuote stock. The shares were sold at an average price of $20.14, for a total value of $137,556.20.
• On Wednesday, April 17th, Ventures Lllp Link sold 2,573 shares of EverQuote stock. The stock was 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 stock was 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 shares were 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 stock was 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 transaction of $1,778,902.06.
• On Monday, March 11th, Ventures Lllp Link sold 10,549 shares of EverQuote stock. The stock was 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 value 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 shares were sold at an average price of $15.43, for a total transaction of $160,811.46.

EverQuote Trading Down 5.8 %

Shares of EverQuote stock opened at $23.82 on Thursday. EverQuote, Inc. has a 12 month low of $5.36 and a 12 month high of $25.69. The business has a fifty day simple moving average of $18.53 and a two-hundred day simple moving average of $13.82. The firm has a market capitalization of $815.36 million, a P/E ratio of -15.47 and a beta of 0.85.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The business had revenue of $91.07 million during the quarter, compared to analysts’ expectations of $80.36 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) earnings per share. Analysts predict that EverQuote, Inc. will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On EverQuote

Institutional investors have recently made changes to their positions in the company. Earnest Partners LLC boosted its holdings in shares of EverQuote by 44.2% during the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after acquiring an additional 592,262 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in EverQuote by 193.7% in the third quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock valued at $5,183,000 after acquiring an additional 472,821 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of EverQuote by 244,503.3% in the first quarter. Russell Investments Group Ltd. now owns 293,524 shares of the company’s stock worth $5,448,000 after buying an additional 293,404 shares during the last quarter. B. Riley Asset Management LLC bought a new stake in EverQuote during the third quarter valued at approximately $723,000. Finally, First Eagle Investment Management LLC increased its holdings in EverQuote by 9.0% during the third quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock valued at $4,009,000 after buying an additional 45,813 shares during the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EVER. JPMorgan Chase & Co. raised their target price on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Craig Hallum boosted their price objective on shares of EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday. Needham & Company LLC raised their target price on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley lifted their target price on shares of EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research note on Tuesday. Finally, Canaccord Genuity Group increased their price target on shares of EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $26.25.

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.