EverQuote, Inc. (NASDAQ:EVER) Director George R. Neble Sells 671 Shares

Key Points

• Director George R. Neble of EverQuote, Inc. sold 671 shares at an average price of $23.35, decreasing his ownership by 1.24% and retaining approximately 53,503 shares valued at around $1.25 million.
• EverQuote recently reported a quarterly EPS of $0.39, exceeding analysts' expectations, with revenue of $156.63 million reflecting a 33.7% year-over-year increase.
• Multiple analysts have rated EverQuote with a consensus of “Buy” and set an average price target of $32.40, indicating favorable market sentiment.

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director George R. Neble sold 671 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $23.35, for a total value of $15,667.85. Following the completion of the transaction, the director owned 53,503 shares in the company, valued at approximately $1,249,295.05. This trade represents a 1.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

EverQuote Price Performance

EverQuote stock traded down $0.17 during midday trading on Monday, hitting $23.26. 411,294 shares of the company were exchanged, compared to its average volume of 549,747. The company's fifty day moving average price is $24.58 and its 200-day moving average price is $24.12. The company has a market cap of $849.22 million, a PE ratio of 18.76 and a beta of 0.37. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. The company had revenue of $156.63 million for the quarter, compared to analyst estimates of $157.19 million. EverQuote had a return on equity of 36.90% and a net margin of 7.57%. EverQuote's quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 EPS. On average, analysts expect that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Needham & Company LLC reissued a "buy" rating and set a $38.00 price target on shares of EverQuote in a research report on Tuesday, August 5th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, EverQuote presently has a consensus rating of "Buy" and an average target price of $32.40.

Hedge Funds Weigh In On EverQuote

Several institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its stake in shares of EverQuote by 1.2% during the 2nd quarter. Acadian Asset Management LLC now owns 866,481 shares of the company's stock valued at $20,939,000 after buying an additional 10,233 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of EverQuote by 27.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 800,114 shares of the company's stock valued at $19,347,000 after buying an additional 171,787 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of EverQuote by 6.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 700,976 shares of the company's stock valued at $16,950,000 after buying an additional 44,383 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of EverQuote by 95.1% during the 2nd quarter. AQR Capital Management LLC now owns 655,615 shares of the company's stock valued at $15,853,000 after buying an additional 319,618 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of EverQuote by 3.8% during the 2nd quarter. Geode Capital Management LLC now owns 650,471 shares of the company's stock valued at $15,730,000 after buying an additional 23,582 shares during the last quarter. 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.

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