Insider Selling: EverQuote, Inc. (NASDAQ:EVER) General Counsel Sells 812 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) General Counsel Julia Brncic sold 812 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $20.90, for a total value of $16,970.80. Following the completion of the sale, the general counsel now owns 116,836 shares of the company’s stock, valued at $2,441,872.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Julia Brncic also recently made the following trade(s):

• On Tuesday, June 11th, Julia Brncic sold 2,622 shares of EverQuote stock. The stock was sold at an average price of $21.16, for a total value of $55,481.52.

EverQuote Stock Performance

EVER opened at $21.47 on Friday. EverQuote, Inc. has a 1 year low of $5.36 and a 1 year high of $25.69. The stock’s 50 day simple moving average is $22.00 and its 200-day simple moving average is $17.62.

EverQuote (NASDAQ:EVER) last released its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. The business had revenue of $91.07 million for the quarter, compared to analysts’ expectations of $80.36 million. EverQuote had a negative return on equity of 31.65% and a negative net margin of 17.37%. EverQuote’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share. As a group, equities analysts expect that EverQuote, Inc. will post 0.05 earnings per share for the current year.

Institutional Trading of EverQuote

A number of institutional investors and hedge funds have recently modified their holdings of EVER. Envestnet Asset Management Inc. grew its position in EverQuote by 193.7% in the third quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock valued at $5,183,000 after acquiring an additional 472,821 shares during the period. Earnest Partners LLC grew its position in EverQuote by 44.2% in the third quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after acquiring an additional 592,262 shares during the period. FNY Investment Advisers LLC bought a new stake in EverQuote in the fourth quarter valued at $40,000. Asset Management One Co. Ltd. bought a new stake in EverQuote in the fourth quarter valued at $66,000. Finally, NewEdge Wealth LLC bought a new stake in EverQuote in the fourth quarter valued at $264,000. 91.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Craig Hallum lifted their price target on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Needham & Company LLC lifted their price target on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Canaccord Genuity Group lifted their price target on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, B. Riley lifted their price target on EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $26.25.

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.