EVER Class Action Alert: Hagens Berman Alerts EverQuote (NASDAQ: EVER) Investors to IPO Securities Class Action
SAN FRANCISCO, March 20, 2019 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP alerts investors in EverQuote Inc. (NASDAQ: EVER) to the securities class action pending in the Supreme Court of the State of New York. If you purchased or otherwise acquired EverQuote common stock pursuant or traceable to the registration statement and prospectus issued in connection with EverQuote’s June 2018 initial public offering (“IPO”) contact Hagens Berman Sobol Shapiro LLP. For more information about the case click
https://www.hbsslaw.com/cases/EVER
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
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.
Whistleblowers: Persons with non-public information regarding EverQuote should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email EVER@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 78 attorneys in 9 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
