EverQuote, Inc. (NASDAQ:EVER) Major Shareholder Ventures Lllp Link Sells 6,830 Shares

EverQuote, Inc. (NASDAQ:EVER) major shareholder Ventures Lllp Link sold 6,830 shares of the stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $20.14, for a total value of $137,556.20. Following the sale, the insider now owns 1,556,160 shares in the company, valued at approximately $31,341,062.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ventures Lllp Link also recently made the following trade(s):

• On Wednesday, April 17th, Ventures Lllp Link sold 2,573 shares of EverQuote stock. The stock was sold at an average price of $20.48, for a total value of $52,695.04.
• On Friday, April 12th, Ventures Lllp Link sold 109 shares of EverQuote stock. The stock was sold at an average price of $20.00, for a total value of $2,180.00.
• On Thursday, April 4th, Ventures Lllp Link sold 130 shares of EverQuote stock. The stock was sold at an average price of $20.08, for a total value of $2,610.40.
• On Friday, March 15th, Ventures Lllp Link sold 49,683 shares of EverQuote stock. The stock was sold at an average price of $18.09, for a total value of $898,765.47.
• On Wednesday, March 13th, Ventures Lllp Link sold 91,838 shares of EverQuote stock. The shares were sold at an average price of $19.37, for a total value of $1,778,902.06.
• On Monday, March 11th, Ventures Lllp Link sold 10,549 shares of EverQuote stock. The shares were sold at an average price of $17.07, for a total value of $180,071.43.
• On Monday, February 26th, Ventures Lllp Link sold 5,947 shares of EverQuote stock. The shares were sold at an average price of $17.11, for a total value of $101,753.17.
• On Thursday, February 22nd, Ventures Lllp Link sold 578 shares of EverQuote stock. The shares were sold at an average price of $16.61, for a total value of $9,600.58.
• On Friday, February 9th, Ventures Lllp Link sold 10,422 shares of EverQuote stock. The shares were sold at an average price of $15.43, for a total value of $160,811.46.

EverQuote Price Performance

Shares of EverQuote stock traded up $1.10 during trading hours on Thursday, hitting $21.53. The company’s stock had a trading volume of 768,894 shares, compared to its average volume of 377,819. EverQuote, Inc. has a 12 month low of $5.36 and a 12 month high of $22.27. The stock has a 50 day moving average of $18.10 and a 200 day moving average of $13.36. The company has a market capitalization of $736.97 million, a PE ratio of -13.98 and a beta of 0.85.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.12. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The company had revenue of $55.71 million during the quarter, compared to the consensus estimate of $49.89 million. Equities analysts expect that EverQuote, Inc. will post -0.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EVER shares. B. Riley began coverage on EverQuote in a research note on Friday, April 19th. They set a “buy” rating and a $24.00 price target on the stock. Needham & Company LLC increased their target price on EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. increased their target price on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $20.60.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. grew its holdings in shares of EverQuote by 52.5% during the third quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock worth $42,000 after buying an additional 1,981 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of EverQuote during the fourth quarter worth about $40,000. Tower Research Capital LLC TRC grew its holdings in shares of EverQuote by 446.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock worth $63,000 after buying an additional 4,215 shares in the last quarter. Asset Management One Co. Ltd. bought a new position in shares of EverQuote during the fourth quarter worth about $66,000. Finally, New York State Common Retirement Fund grew its holdings in shares of EverQuote by 15.6% during the third quarter. New York State Common Retirement Fund now owns 42,213 shares of the company’s stock worth $305,000 after buying an additional 5,684 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

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.