EverQuote, Inc. (NASDAQ:EVER) Director Sells $251,447.50 in Stock

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

EverQuote Trading Down 5.9 %

EVER traded down $1.75 during trading on Wednesday, hitting $27.96. 633,966 shares of the company’s stock were exchanged, compared to its average volume of 517,994. EverQuote, Inc. has a 1 year low of $16.63 and a 1 year high of $30.03. The stock has a 50 day moving average price of $23.06 and a 200 day moving average price of $20.68. The firm has a market cap of $998.84 million, a P/E ratio of 82.24 and a beta of 1.01.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. The business 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%. Analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on EVER. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Thursday, December 26th. JPMorgan Chase & Co. increased their price objective on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Canaccord Genuity Group lowered their target price 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. 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. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $32.33.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. R Squared Ltd purchased a new position in shares of EverQuote during the 4th quarter valued at approximately $34,000. Quarry LP boosted its stake in EverQuote by 100.7% during 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 during the last quarter. Quantbot Technologies LP grew its holdings in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after acquiring an additional 1,874 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of EverQuote by 80.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after purchasing an additional 2,042 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of EverQuote in the 4th quarter worth about $90,000. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.