Long Position on EVER @ $36.00 on 12/27/2019 (Momentum)

EverQuote, Inc. (EVER) operates an online marketplace for insurance shopping in the United States. The company's online marketplace offers consumers shopping for auto, home, and life insurance quotes. It provides financial products and services to individuals as well as small and mid-size business clients nationwide through scalable, low-cost distribution channels.

It serves carriers, agents, financial advisors, and indirect distributors and aggregators. Shares of this recent IPO have pulled back to a trendline support" following the company's latest quarterly report. Higher share prices are expected for this stock.

On November 4th, it reported 3rd Quarter September 2019 earnings of $0.01 per share on revenue of $67.1 million. The consensus estimate was a loss of $0.08 per share on revenue of $58.3 million. Revenue grew 60.8% on a year-over-year basis.

The company said it expects fourth quarter revenue of $67.0 million to $69.0 million. The current consensus revenue estimate is $51.5 million for the quarter ending December 31, 2019.

Entry Point: $36.00

Stop Loss: $33.00

Trading Range: $4.05 to $38.43

Target Price: $39.60

Updates

1/6/2020 3:10:45 PM

EVER closed at $31.00

Position closed on 1/6/2020 at price of $31.00 with a -13.89% loss in 10 days.

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