EverQuote (NASDAQ:EVER) Trading Up 2.1%

EverQuote, Inc. (NASDAQ:EVER - Get Free Report)'s stock price rose 2.1% during mid-day trading on Friday . The company traded as high as $19.90 and last traded at $19.77. Approximately 249,737 shares changed hands during mid-day trading, a decline of 30% from the average daily volume of 354,835 shares. The stock had previously closed at $19.36.

Wall Street Analysts Forecast Growth

EVER has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on EverQuote from $13.00 to $25.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. B. Riley boosted their price target on EverQuote from $18.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. Finally, Needham & Company LLC boosted their price target on EverQuote from $15.00 to $25.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.80.

EverQuote Stock Up 3.2 %

The stock has a market capitalization of $683.57 million, a PE ratio of -12.97 and a beta of 0.90. The company has a 50-day moving average of $16.99 and a 200 day moving average of $12.26.

EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.12. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The firm had revenue of $55.71 million during the quarter, compared to analysts' expectations of $49.89 million. As a group, equities analysts predict that EverQuote, Inc. will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at EverQuote

In other EverQuote news, major shareholder Ventures Lllp Link sold 10,422 shares of the company's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $15.43, for a total value of $160,811.46. Following the completion of the sale, the insider now directly owns 1,858,407 shares in the company, valued at approximately $28,675,220.01. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director David B. Blundin sold 89,177 shares of the company's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $15.00, for a total value of $1,337,655.00. Following the transaction, the director now owns 802,589 shares of the company's stock, valued at approximately $12,038,835. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Ventures Lllp Link sold 10,422 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $15.43, for a total value of $160,811.46. Following the completion of the transaction, the insider now directly owns 1,858,407 shares in the company, valued at approximately $28,675,220.01. The disclosure for this sale can be found here. Insiders sold a total of 407,073 shares of company stock worth $7,134,242 in the last three months. 38.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On EverQuote

Several large investors have recently modified their holdings of EVER. Acadian Asset Management LLC lifted its stake in EverQuote by 21.3% during the 3rd quarter. Acadian Asset Management LLC now owns 220,251 shares of the company's stock worth $1,592,000 after acquiring an additional 38,663 shares in the last quarter. Earnest Partners LLC lifted its stake in EverQuote by 44.2% during the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company's stock worth $13,980,000 after acquiring an additional 592,262 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in EverQuote by 9.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company's stock worth $4,009,000 after acquiring an additional 45,813 shares in the last quarter. Gilbert & Cook Inc. acquired a new position in EverQuote during the 3rd quarter worth about $85,000. Finally, Raymond James & Associates lifted its stake in EverQuote by 69.3% during the 3rd quarter. Raymond James & Associates now owns 44,704 shares of the company's stock worth $323,000 after acquiring an additional 18,295 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.

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.