BENSALEM, Pa.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24EVER&src=ctag” target=”_blank”gt;$EVERlt;/agt; lt;a href=”https://twitter.com/hashtag/classaction?src=hash” target=”_blank”gt;#classactionlt;/agt;–Law Offices of Howard G. Smith announces the continuation of its
investigation on behalf of EverQuote, Inc. investors (“EverQuote” or the
“Company”) (NASDAQ: EVER)
concerning the Company and its officers’ possible violations of federal
securities laws.
On or about June 18, 2018, EverQuote sold 4.69 million shares of stock
in its initial public stock offering (the “IPO”), at $18 a share raising
$84,375,000 in new capital. EverQuote’s first public earnings report
revealed that second quarter 2018 quote request volume had worsened to a
year-over-year growth rate of only 2.3%—down from 14.3% touted in the
IPO registration statement—and to a quarterly decline of 12%. Then, in
November 2018, EverQuote revealed that quote request volume had worsened
to zero growth, causing the Company’s stock to plummet dramatically.
If you purchased EverQuote securities, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected],
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
