EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin Sells 401 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 401 shares of EverQuote stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $28.40, for a total value of $11,388.40. Following the transaction, the director now directly owns 177,950 shares of the company’s stock, valued at $5,053,780. This trade represents a 0.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EverQuote Price Performance

EVER opened at $28.05 on Friday. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 82.50 and a beta of 1.01. The business has a 50-day moving average of $22.39 and a two-hundred day moving average of $20.57. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $28.50.

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

Institutional Trading of EverQuote

A number of institutional investors and hedge funds have recently bought and sold shares of EVER. Divisadero Street Capital Management LP acquired a new stake in EverQuote during the 4th quarter worth approximately $12,311,000. Freestone Grove Partners LP acquired a new stake in EverQuote during the 4th quarter worth approximately $11,618,000. Point72 Asset Management L.P. grew its position in EverQuote by 2,301.4% in the fourth quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company’s stock valued at $9,216,000 after acquiring an additional 441,815 shares in the last quarter. JPMorgan Chase & Co. grew its position in EverQuote by 3,022.8% in the third quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock valued at $8,133,000 after acquiring an additional 373,280 shares in the last quarter. Finally, Toronado Partners LLC grew its position in EverQuote by 59.7% in the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock valued at $14,368,000 after acquiring an additional 268,670 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Ratings Changes

EVER has been the subject of several research reports. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a research note on Thursday, December 26th. Needham & Company LLC lifted their price objective on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group dropped their price objective on 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $32.33.

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.