EverQuote (NASDAQ:EVER) Trading 3.9% Higher

Shares of EverQuote, Inc. (NASDAQ:EVER) shot up 3.9% on Friday . The company traded as high as $18.82 and last traded at $18.82. 18,528 shares traded hands during trading, a decline of 95% from the average session volume of 364,879 shares. The stock had previously closed at $18.12.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EVER. JPMorgan Chase & Co. upped their target price on shares of EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Needham & Company LLC upped their target price on shares of EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, B. Riley began coverage on shares of EverQuote in a research note on Friday. They set a “buy” rating and a $24.00 target price on the stock. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $20.60.

EverQuote Stock Performance

The stock has a market cap of $630.52 million, a PE ratio of -12.22 and a beta of 0.90. The business has a 50-day moving average of $17.42 and a 200 day moving average of $12.59.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, February 26th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.12. The firm had revenue of $55.71 million during the quarter, compared to analysts’ expectations of $49.89 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. Equities analysts expect that EverQuote, Inc. will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Ventures Lllp Link sold 91,838 shares of EverQuote stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $19.37, for a total transaction of $1,778,902.06. Following the completion of the sale, the insider now owns 1,649,044 shares in the company, valued at approximately $31,941,982.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other EverQuote news, major shareholder Ventures Lllp Link sold 91,838 shares of EverQuote stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $19.37, for a total value of $1,778,902.06. Following the completion of the sale, the insider now owns 1,649,044 shares in the company, valued at approximately $31,941,982.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joseph Sanborn sold 8,051 shares of EverQuote stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $20.00, for a total value of $161,020.00. Following the completion of the sale, the chief financial officer now owns 220,986 shares of the company’s stock, valued at approximately $4,419,720. The disclosure for this sale can be found here. In the last quarter, insiders sold 408,118 shares of company stock worth $7,155,142. 38.46% of the stock is owned by corporate insiders.

Institutional Trading of EverQuote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC acquired a new position in shares of EverQuote in the 1st quarter valued at about $672,000. Vanguard Group Inc. lifted its stake in shares of EverQuote by 7.3% in the 4th quarter. Vanguard Group Inc. now owns 1,127,137 shares of the company’s stock valued at $13,796,000 after purchasing an additional 76,856 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of EverQuote by 79.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 101,019 shares of the company’s stock valued at $1,236,000 after purchasing an additional 44,641 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of EverQuote in the 4th quarter valued at about $445,000. Finally, Barclays PLC lifted its stake in shares of EverQuote by 120.5% in the 4th quarter. Barclays PLC now owns 35,538 shares of the company’s stock valued at $435,000 after purchasing an additional 19,418 shares in the last quarter. Hedge funds and other institutional investors 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.