EverQuote, Inc. (NASDAQ:EVER) Sees Large Decrease in Short Interest

EverQuote, Inc. (NASDAQ:EVER) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 1,770,000 shares, a decline of 5.9% from the October 31st total of 1,880,000 shares. Based on an average trading volume of 496,500 shares, the days-to-cover ratio is presently 3.6 days.

Insider Activity

In other news, CTO David Brainard sold 1,641 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $20.22, for a total transaction of $33,181.02. Following the transaction, the chief technology officer now directly owns 155,491 shares of the company’s stock, valued at $3,144,028.02. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George R. Neble sold 2,500 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $19.42, for a total transaction of $48,550.00. Following the transaction, the director now owns 54,970 shares in the company, valued at approximately $1,067,517.40. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,716 shares of company stock worth $188,810 in the last quarter. 29.79% of the stock is owned by corporate insiders.

Institutional Trading of EverQuote

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gladius Capital Management LP purchased a new position in shares of EverQuote during the 3rd quarter valued at $26,000. Quarry LP raised its holdings in shares of EverQuote by 215.5% in the 2nd quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 985 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of EverQuote during the 2nd quarter valued at about $35,000. CWM LLC grew its holdings in shares of EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock worth $39,000 after purchasing an additional 1,063 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

EverQuote Price Performance

NASDAQ:EVER opened at $18.60 on Wednesday. The company has a market capitalization of $657.51 million, a P/E ratio of 54.71 and a beta of 0.96. EverQuote has a 1 year low of $9.86 and a 1 year high of $28.09. The business has a fifty day simple moving average of $19.26 and a two-hundred day simple moving average of $21.43.

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 analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $144.53 million for the quarter, compared to analysts’ expectations of $140.30 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business’s revenue for the quarter was up 162.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.40) EPS. As a group, analysts anticipate that EverQuote will post 0.72 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Needham & Company LLC increased their price objective on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. B. Riley dropped their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price objective on shares of EverQuote from $34.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Finally, Craig Hallum upped their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $28.50.

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.