EverQuote (NASDAQ:EVER) Shares Down 6.3% – Time to Sell?

EverQuote, Inc. (NASDAQ:EVER) was down 6.3% during trading on Tuesday . The company traded as low as $18.23 and last traded at $18.24. Approximately 259,590 shares were traded during trading, a decline of 45% from the average daily volume of 472,421 shares. The stock had previously closed at $19.46.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EVER shares. B. Riley reduced their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Needham & Company LLC upped their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum lifted their price target on shares of EverQuote from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $28.50.

EverQuote Price Performance

The company has a market capitalization of $657.51 million, a P/E ratio of 53.21 and a beta of 0.96. The business’s 50-day moving average price is $19.35 and its two-hundred day moving average price is $21.50.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $144.53 million during the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. EverQuote’s revenue for the quarter was up 162.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.40) EPS. Research analysts expect that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Activity at EverQuote

In other EverQuote news, CTO David Brainard sold 1,641 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $20.22, for a total transaction of $33,181.02. Following the completion of the sale, the chief technology officer now owns 155,491 shares of the company’s stock, valued at approximately $3,144,028.02. This represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George R. Neble sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total value of $48,550.00. Following the transaction, the director now owns 54,970 shares in the company, valued at $1,067,517.40. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,716 shares of company stock worth $188,810 in the last ninety days. 29.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Gladius Capital Management LP purchased a new position in EverQuote in the third quarter valued at about $26,000. Quarry LP raised its holdings in EverQuote by 215.5% during the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 985 shares during the period. nVerses Capital LLC bought a new position in EverQuote in the 2nd quarter worth about $35,000. CWM LLC increased its position in shares of EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after buying an additional 1,063 shares during the period. Finally, Quantbot Technologies LP increased its holdings in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares during the period. Institutional investors own 91.54% of the company’s stock.

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.