Short Interest in EverQuote, Inc. (NASDAQ:EVER) Declines By 6.2%

EverQuote, Inc. (NASDAQ:EVER) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 2,260,000 shares, a decrease of 6.2% from the September 15th total of 2,410,000 shares. Based on an average daily volume of 515,400 shares, the short-interest ratio is currently 4.4 days.

EverQuote Stock Down 3.4 %

Shares of EVER traded down $0.69 during mid-day trading on Thursday, hitting $19.48. 80,681 shares of the company’s stock were exchanged, compared to its average volume of 455,069. The firm has a fifty day moving average of $21.67 and a two-hundred day moving average of $21.85. EverQuote has a twelve month low of $6.64 and a twelve month high of $28.09. The stock has a market cap of $676.44 million, a price-to-earnings ratio of -14.30 and a beta of 1.04.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.03 by $0.14. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The company had revenue of $117.14 million for the quarter, compared to analyst estimates of $102.81 million. During the same quarter in the prior year, the business posted ($0.31) EPS. EverQuote’s quarterly revenue was up 72.3% on a year-over-year basis. On average, equities analysts predict that EverQuote will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on EVER shares. Craig Hallum increased their target price on shares of EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Needham & Company LLC increased their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of EverQuote from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average price target of $29.58.

Insiders Place Their Bets

In other EverQuote news, Director David B. Blundin sold 65,718 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total value of $1,779,643.44. Following the completion of the transaction, the director now owns 192,305 shares in the company, valued at approximately $5,207,619.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director George R. Neble sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $19.42, for a total value of $48,550.00. Following the completion of the transaction, the director now directly owns 54,970 shares in the company, valued at $1,067,517.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David B. Blundin sold 65,718 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $27.08, for a total transaction of $1,779,643.44. Following the completion of the transaction, the director now owns 192,305 shares of the company’s stock, valued at $5,207,619.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,502 shares of company stock worth $2,854,013. Insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. nVerses Capital LLC grew its stake in EverQuote by 41.2% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after buying an additional 700 shares during the last quarter. Essex Investment Management Co. LLC boosted its holdings in EverQuote by 16.5% in the 3rd quarter. Essex Investment Management Co. LLC now owns 216,694 shares of the company’s stock valued at $4,570,000 after purchasing an additional 30,619 shares during the period. CWM LLC boosted its holdings in EverQuote by 143.0% in the 3rd quarter. CWM LLC now owns 4,522 shares of the company’s stock valued at $95,000 after purchasing an additional 2,661 shares during the period. Point72 Asset Management L.P. boosted its holdings in EverQuote by 389.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 13,703 shares of the company’s stock valued at $286,000 after purchasing an additional 10,903 shares during the period. Finally, Quarry LP boosted its holdings in 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 purchasing an additional 985 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.