David B. Blundin Sells 8,746 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 8,746 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $28.75, for a total transaction of $251,447.50. Following the completion of the sale, the director now directly owns 89,174 shares in the company, valued at approximately $2,563,752.50. The trade was a 8.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

EverQuote Price Performance

Shares of NASDAQ EVER opened at $28.09 on Friday. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 82.62 and a beta of 1.01. The stock’s fifty day moving average price is $23.43 and its two-hundred day moving average price is $20.78. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03.

EverQuote (NASDAQ:EVER) last released 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. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. The business had revenue of $147.46 million for the quarter, compared to the consensus estimate of $133.83 million. On average, equities analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of EverQuote by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,383 shares of the company’s stock valued at $288,000 after buying an additional 608 shares in the last quarter. Corton Capital Inc. raised its holdings in EverQuote by 3.4% in the 4th quarter. Corton Capital Inc. now owns 21,592 shares of the company’s stock valued at $432,000 after acquiring an additional 714 shares in the last quarter. Legal & General Group Plc raised its holdings in EverQuote by 4.8% in the 4th quarter. Legal & General Group Plc now owns 21,985 shares of the company’s stock valued at $439,000 after acquiring an additional 1,012 shares in the last quarter. Rhumbline Advisers lifted its position in shares of EverQuote by 4.0% during the 4th quarter. Rhumbline Advisers now owns 34,899 shares of the company’s stock valued at $698,000 after acquiring an additional 1,332 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of EverQuote by 19.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,403 shares of the company’s stock worth $177,000 after purchasing an additional 1,363 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

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

EverQuote Company Profile

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.