EverQuote (NASDAQ:EVER) Trading Down 4.8%

Shares of EverQuote, Inc. (NASDAQ:EVER) dropped 4.8% on Wednesday . The company traded as low as $20.41 and last traded at $20.50. Approximately 10,901 shares were traded during trading, a decline of 96% from the average daily volume of 279,596 shares. The stock had previously closed at $21.54.

EVER has been the subject of a number of recent analyst reports. Needham & Company LLC dropped their price target on EverQuote from $65.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, August 3rd. JPMorgan Chase & Co. initiated coverage on EverQuote in a report on Monday, July 26th. They set a “buy” rating and a $41.00 price target for the company. JMP Securities dropped their price target on EverQuote from $64.00 to $45.00 and set a “market outperform” rating for the company in a report on Tuesday, August 3rd. Oppenheimer decreased their price objective on EverQuote from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 3rd. Finally, Raymond James decreased their price objective on EverQuote from $50.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 3rd. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $40.50.

The firm has a market capitalization of $600.42 million, a P/E ratio of -45.82 and a beta of 1.29. The company has a 50-day moving average price of $24.29 and a 200-day moving average price of $31.12.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Sunday, August 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.03. EverQuote had a negative return on equity of 17.08% and a negative net margin of 3.19%. The business had revenue of $105.10 million for the quarter, compared to analyst estimates of $102.36 million. During the same period last year, the company earned ($0.10) EPS. The firm’s revenue was up 34.2% on a year-over-year basis. On average, equities analysts predict that EverQuote, Inc. will post -0.42 EPS for the current fiscal year.

In other EverQuote news, CMO Craig Lister sold 1,469 shares of EverQuote stock in a transaction dated Tuesday, August 17th. The stock was sold at an average price of $19.16, for a total transaction of $28,146.04. Following the transaction, the chief marketing officer now directly owns 44,584 shares in the company, valued at $854,229.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David B. Blundin purchased 15,305 shares of the company’s stock in a transaction on Thursday, September 2nd. The stock was purchased at an average cost of $19.46 per share, for a total transaction of $297,835.30. The disclosure for this purchase can be found here. Insiders sold a total of 37,509 shares of company stock worth $1,139,225 over the last 90 days. 37.22% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EVER. Victory Capital Management Inc. raised its stake in shares of EverQuote by 30.6% in the 1st quarter. Victory Capital Management Inc. now owns 1,212,702 shares of the company’s stock valued at $44,009,000 after purchasing an additional 284,025 shares during the period. Morgan Stanley raised its stake in shares of EverQuote by 599.0% in the 2nd quarter. Morgan Stanley now owns 300,196 shares of the company’s stock valued at $9,811,000 after purchasing an additional 257,252 shares during the period. BlackRock Inc. raised its stake in shares of EverQuote by 20.4% in the 2nd quarter. BlackRock Inc. now owns 1,268,862 shares of the company’s stock valued at $41,467,000 after purchasing an additional 215,098 shares during the period. Baillie Gifford & Co. raised its stake in shares of EverQuote by 17.3% in the 1st quarter. Baillie Gifford & Co. now owns 1,353,042 shares of the company’s stock valued at $49,102,000 after purchasing an additional 199,657 shares during the period. Finally, Islet Management LP raised its stake in shares of EverQuote by 63.6% in the 1st quarter. Islet Management LP now owns 450,000 shares of the company’s stock valued at $16,331,000 after purchasing an additional 175,000 shares during the period. 57.27% of the stock is currently owned by hedge funds and other institutional investors.

About EverQuote (NASDAQ:EVER)

EverQuote, Inc operates as an online insurance marketplace connecting consumers with insurance providers. It offers car, home and life insurance. The firm’s data and technology platform matches and connects consumers seeking to purchase insurance with relevant options from its broad direct network of insurance providers.

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