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 firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $28.67, for a total value of $2,224,792.00. Following the completion of the sale, the director now directly owns 97,920 shares in the company, valued at $2,807,366.40. The trade was a 44.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

EverQuote Stock Up 2.2 %

EVER stock opened at $29.71 on Wednesday. The business has a 50 day moving average of $23.06 and a 200 day moving average of $20.68. The firm has a market cap of $1.06 billion, a PE ratio of 87.38 and a beta of 1.01. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On EverQuote

Hedge funds have recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP purchased a new stake in EverQuote during the 4th quarter valued at $12,311,000. Freestone Grove Partners LP purchased a new stake in shares of EverQuote during the fourth quarter valued at $11,618,000. Point72 Asset Management L.P. increased its holdings in EverQuote by 2,301.4% in the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company’s stock worth $9,216,000 after buying an additional 441,815 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in EverQuote by 3,022.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after buying an additional 373,280 shares in the last quarter. Finally, Toronado Partners LLC lifted its stake in EverQuote by 59.7% during the 4th 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 during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.