EverQuote (NASDAQ:EVER) Stock Price Down 5.5% – Time to Sell?

EverQuote, Inc. (NASDAQ:EVER) shares fell 5.5% on Tuesday . The stock traded as low as $26.76 and last traded at $26.51. 110,299 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 502,640 shares. The stock had previously closed at $28.05.

Wall Street Analysts Forecast Growth

EVER has been the topic of several research reports. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a report on Thursday, December 26th. JPMorgan Chase & Co. increased their price target on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Canaccord Genuity Group decreased their price objective on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, February 24th. Finally, Needham & Company LLC increased their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, EverQuote currently has an average rating of “Buy” and an average price target of $32.33.

EverQuote Stock Up 6.8 %

The stock has a market capitalization of $1.01 billion, a PE ratio of 83.15 and a beta of 1.01. The firm has a 50 day moving average price of $22.21 and a 200 day moving average price of $20.52.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. The business had revenue of $147.46 million during the quarter, compared to analyst estimates of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. On average, equities analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other EverQuote news, CAO Jon Ayotte sold 7,647 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $25.72, for a total value of $196,680.84. Following the transaction, the chief accounting officer now owns 58,045 shares of the company’s stock, valued at approximately $1,492,917.40. The trade was a 11.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO David Brainard sold 3,675 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $19.52, for a total value of $71,736.00. Following the sale, the chief technology officer now directly owns 108,244 shares of the company’s stock, valued at approximately $2,112,922.88. This represents a 3.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,863 shares of company stock worth $1,204,605. 29.79% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in EverQuote by 97.3% during the third quarter. Victory Capital Management Inc. now owns 29,019 shares of the company’s stock valued at $612,000 after purchasing an additional 14,311 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of EverQuote by 636.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after buying an additional 90,500 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after acquiring an additional 172,785 shares during the period. Quantbot Technologies LP increased its holdings in EverQuote by 115.1% in 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 last quarter. Finally, BNP Paribas Financial Markets raised its stake in EverQuote by 29.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,570 shares of the company’s stock valued at $413,000 after acquiring an additional 4,506 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.