EverQuote, Inc. (NASDAQ:EVER) Short Interest Update

16 Oct 2024, 23:16 by Renee Jackson · The Cerbat Gem

EverQuote, Inc. (NASDAQ:EVER – Get Free Report) saw 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 trading volume of 515,400 shares, the short-interest ratio is presently 4.4 days.

Insider Buying and Selling

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

Hedge Funds Weigh In On EverQuote

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVER. 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 in the last quarter. Quarry LP boosted its position in shares of EverQuote by 215.5% in the second quarter. Quarry LP now owns 1,442 shares of the company’s stock valued at $30,000 after acquiring an additional 985 shares during the period. CWM LLC grew its stake in EverQuote by 133.2% during the second quarter. CWM LLC now owns 1,861 shares of the company’s stock valued at $39,000 after acquiring an additional 1,063 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in EverQuote during the 2nd quarter worth approximately $76,000. Finally, Rhumbline Advisers raised its position in shares of EverQuote by 18.3% in the second quarter. Rhumbline Advisers now owns 35,793 shares of the company’s stock worth $747,000 after buying an additional 5,534 shares in the last quarter. Institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Needham & Company LLC upped their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on EverQuote from $29.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, Craig Hallum raised their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $29.58.

Check Out Our Latest Stock Report on EverQuote

EverQuote Stock Up 0.4 %

EverQuote stock traded up $0.09 during trading on Wednesday, hitting $20.17. The stock had a trading volume of 380,131 shares, compared to its average volume of 456,941. The stock’s 50 day moving average is $21.67 and its two-hundred day moving average is $21.85. EverQuote has a 1 year low of $6.64 and a 1 year high of $28.09. The stock has a market cap of $700.40 million, a price-to-earnings ratio of -14.30 and a beta of 1.04.

EverQuote (NASDAQ:EVER – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. The firm had revenue of $117.14 million for the quarter, compared to analysts’ expectations of $102.81 million. EverQuote had a negative return on equity of 13.24% and a negative net margin of 8.55%. The business’s revenue for the quarter was up 72.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.31) EPS. As a group, equities research analysts anticipate that EverQuote will post 0.57 EPS for the current fiscal year.

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