EverQuote, Inc. (NASDAQ:EVER) Sees Significant Growth in Short Interest

EverQuote, Inc. (NASDAQ:EVER) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,620,000 shares, an increase of 20.2% from the November 30th total of 2,180,000 shares. Based on an average daily volume of 494,300 shares, the days-to-cover ratio is presently 5.3 days.

Insider Transactions at EverQuote

In related news, Director George R. Neble sold 2,500 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total transaction of $48,550.00. Following the sale, the director now directly owns 54,970 shares in the company, valued at $1,067,517.40. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO David Brainard sold 14,590 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $17.44, for a total transaction of $254,449.60. Following the completion of the transaction, the chief technology officer now directly owns 137,291 shares of the company’s stock, valued at approximately $2,394,355.04. The trade was a 9.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,306 shares of company stock valued at $443,260 over the last 90 days. 29.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On EverQuote

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in shares of EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after purchasing an additional 172,785 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of EverQuote by 636.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after acquiring an additional 90,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of EverQuote during the 2nd quarter worth approximately $782,000. Emerald Advisers LLC raised its holdings in EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after acquiring an additional 399,257 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in EverQuote during the second quarter worth about $842,000. Institutional investors own 91.54% of the company’s stock.

EverQuote Price Performance

NASDAQ EVER traded down $0.43 on Friday, hitting $19.68. 648,949 shares of the stock were exchanged, compared to its average volume of 473,999. The company has a market capitalization of $695.71 million, a PE ratio of 57.88 and a beta of 0.96. The business’s fifty day moving average is $18.53 and its 200 day moving average is $20.77. EverQuote has a 52 week low of $10.21 and a 52 week high of $28.09.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $144.53 million during the quarter, compared to the consensus estimate of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. EverQuote’s revenue was up 162.7% on a year-over-year basis. During the same period last year, the business posted ($0.40) EPS. Analysts predict that EverQuote will post 0.72 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on EVER shares. JPMorgan Chase & Co. reduced their price target on EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. B. Riley reduced their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Thursday. Five equities research 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, the stock presently has a consensus rating of “Buy” and an average target price of $32.17.

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.