EverQuote, Inc. (NASDAQ:EVER) Director Sells $2,224,792.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 77,600 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $28.67, for a total transaction of $2,224,792.00. Following the completion of the sale, the director now owns 97,920 shares of the company’s stock, valued at approximately $2,807,366.40. The trade was a 44.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

EverQuote Trading Down 5.9 %

Shares of NASDAQ:EVER opened at $27.96 on Thursday. The business has a 50-day moving average price of $23.24 and a 200 day moving average price of $20.73. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The company has a market capitalization of $998.84 million, a price-to-earnings ratio of 82.24 and a beta of 1.01.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.18. The business had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. As a group, equities research analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, February 25th. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Thursday, December 26th. Needham & Company LLC boosted their price target on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group cut their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $32.33.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of EverQuote in the 4th quarter valued at $34,000. Quarry LP grew its position in EverQuote by 100.7% in the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after acquiring an additional 1,452 shares in the last quarter. Quantbot Technologies LP increased its stake in EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of EverQuote during the fourth quarter worth about $90,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after purchasing an additional 2,042 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company 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.