George R. Neble Sells 1,250 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director George R. Neble sold 1,250 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $18.18, for a total transaction of $22,725.00. Following the transaction, the director now directly owns 53,720 shares in the company, valued at approximately $976,629.60. This represents a 2.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

EverQuote Stock Performance

Shares of EVER stock opened at $18.22 on Friday. EverQuote, Inc. has a fifty-two week low of $10.21 and a fifty-two week high of $28.09. The firm has a market cap of $644.10 million, a P/E ratio of 53.59 and a beta of 0.96. The business’s 50 day moving average price is $18.80 and its 200-day moving average price is $20.77.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. EverQuote’s revenue was up 162.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.40) earnings per share. As a group, equities analysts predict that EverQuote, Inc. will post 0.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EVER shares. B. Riley decreased their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. Finally, JPMorgan Chase & Co. cut their target price on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EverQuote presently has a consensus rating of “Buy” and an average target price of $31.67.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of EverQuote by 3,022.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after buying an additional 373,280 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of EverQuote by 116.6% during the third quarter. Franklin Resources Inc. now owns 58,781 shares of the company’s stock valued at $1,147,000 after acquiring an additional 31,644 shares in the last quarter. Barclays PLC raised its position in shares of EverQuote by 331.2% in the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock worth $1,076,000 after purchasing an additional 39,160 shares during the last quarter. Geode Capital Management LLC boosted its stake in EverQuote by 10.4% in the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after purchasing an additional 56,114 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in EverQuote during the 3rd quarter valued at about $757,000. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.