EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director John L. Shields sold 2,000 shares of the business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $24.30, for a total value of $48,600.00. Following the sale, the director owned 31,219 shares in the company, valued at $758,621.70. This represents a 6.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
EverQuote Stock Performance
Shares of NASDAQ:EVER traded up $0.09 during midday trading on Friday, reaching $24.78. The company's stock had a trading volume of 139,894 shares, compared to its average volume of 541,821. The firm has a market capitalization of $885.14 million, a price-to-earnings ratio of 24.33 and a beta of 0.34. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03. The firm has a 50 day moving average price of $24.25 and a two-hundred day moving average price of $23.26.
Wall Street Analyst Weigh In
Several research analysts have commented on EVER shares. Needham & Company LLC reaffirmed a "buy" rating and set a $38.00 target price on shares of EverQuote in a report on Tuesday, May 6th. JPMorgan Chase & Co. lifted their target price on EverQuote from $29.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 6th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $32.50.
Get Our Latest Research Report on EVER
Institutional Trading of EverQuote
Several institutional investors and hedge funds have recently modified their holdings of EVER. Divisadero Street Capital Management LP bought a new position in shares of EverQuote in the fourth quarter valued at approximately $12,311,000. Nuveen LLC bought a new position in shares of EverQuote in the first quarter valued at approximately $15,363,000. Freestone Grove Partners LP bought a new position in shares of EverQuote in the fourth quarter valued at approximately $11,618,000. Emerald Advisers LLC bought a new position in shares of EverQuote in the first quarter valued at approximately $11,621,000. Finally, Point72 Asset Management L.P. grew its holdings in shares of EverQuote by 2,301.4% in the fourth quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock valued at $9,216,000 after acquiring an additional 441,815 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.
About EverQuote
(
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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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