EverQuote Inc. (NASDAQ: EVER)
Hagens Berman Sobol Shapiro LLP reminds investors in EverQuote Inc. (NASDAQ: EVER) of the securities class action pending in the Supreme Court of the State of New York.
If you purchased or otherwise acquired shares of EVER pursuant or traceable to the registration statement and prospectus issued in connection with EverQuote’s June 2018 initial public offering (“IPO”) and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing EVER@hbsslaw.com.
According to the complaint, Defendants misled investors by repeatedly referring to EverQuote’s increases in both revenue and quote request volume even though the Company strategized to reduce its quote request volume in order to inflate other financial metrics (including margin and revenue per quote) ahead of the IPO.
After a series of partial disclosures following the IPO, EverQuote shares have traded as much as 69% below the $18.00 IPO offering price.
“We’re focused on investors’ losses and the extent to which Defendants’ IPO-related statements may have misled investors,” said Hagens Berman partner Reed Kathrein.
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