EverQuote, Inc. (NASDAQ:EVER) General Counsel David W. Mason Sells 2,000 Shares

EverQuote, Inc. (NASDAQ:EVER) General Counsel David W. Mason sold 2,000 shares of the stock in a transaction on Monday, June 7th. The stock was sold at an average price of $32.12, for a total transaction of $64,240.00. Following the completion of the sale, the general counsel now directly owns 112,820 shares of the company’s stock, valued at $3,623,778.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

EVER opened at $34.18 on Friday. The stock has a market capitalization of $973.28 million, a PE ratio of -71.21 and a beta of 1.36. The company’s fifty day moving average is $33.18. EverQuote, Inc. has a fifty-two week low of $28.56 and a fifty-two week high of $63.44.

EverQuote (NASDAQ:EVER) last posted its earnings results on Sunday, May 2nd. The company reported ($0.13) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.13). The company had revenue of $103.80 million during the quarter, compared to analysts’ expectations of $101.42 million. EverQuote had a negative net margin of 3.67% and a negative return on equity of 19.74%. EverQuote’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the company posted ($0.05) earnings per share. Analysts forecast that EverQuote, Inc. will post -0.26 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. lifted its position in EverQuote by 102.3% during the fourth quarter. Landscape Capital Management L.L.C. now owns 60,206 shares of the company’s stock valued at $2,249,000 after purchasing an additional 30,438 shares during the last quarter. Premier Fund Managers Ltd lifted its position in EverQuote by 180.3% during the first quarter. Premier Fund Managers Ltd now owns 154,706 shares of the company’s stock valued at $5,371,000 after purchasing an additional 99,506 shares during the last quarter. Mackenzie Financial Corp lifted its position in EverQuote by 100.7% during the fourth quarter. Mackenzie Financial Corp now owns 27,705 shares of the company’s stock valued at $1,035,000 after purchasing an additional 13,900 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in EverQuote by 10,511.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 191,000 shares of the company’s stock valued at $7,134,000 after purchasing an additional 189,200 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in EverQuote by 4.4% during the fourth quarter. Rhumbline Advisers now owns 16,927 shares of the company’s stock valued at $632,000 after purchasing an additional 706 shares during the last quarter. Institutional investors and hedge funds own 58.57% of the company’s stock.

A number of analysts have recently issued reports on the stock. Raymond James reduced their price objective on shares of EverQuote from $58.00 to $50.00 and set an “outperform” rating for the company in a research note on Tuesday, May 4th. Oppenheimer reissued a “buy” rating and issued a $55.00 price objective on shares of EverQuote in a research note on Monday, May 24th. Zacks Investment Research raised shares of EverQuote from a “sell” rating to a “hold” rating and set a $47.00 price objective for the company in a research note on Tuesday, February 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $65.00 price objective on shares of EverQuote in a research note on Tuesday, February 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $52.17.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home and renters, life, health, and commercial insurance. It 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.

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