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 value of $2,224,792.00. Following the completion of the transaction, the director now directly owns 97,920 shares in the company, valued at approximately $2,807,366.40. This represents a 44.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

EverQuote Stock Performance

Shares of EverQuote stock opened at $29.08 on Tuesday. The company has a market capitalization of $1.04 billion, a P/E ratio of 85.53 and a beta of 1.01. The company has a fifty day moving average of $22.82 and a 200 day moving average of $20.62. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $29.97.

EverQuote (NASDAQ:EVER) last issued its earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. The firm had revenue of $147.46 million during the quarter, compared to analyst estimates 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 EPS for the current year.

Institutional Investors Weigh In On EverQuote

Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in EverQuote by 97.3% in the 3rd quarter. Victory Capital Management Inc. now owns 29,019 shares of the company’s stock worth $612,000 after acquiring an additional 14,311 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of EverQuote by 636.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after purchasing an additional 90,500 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in EverQuote by 255.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock worth $5,072,000 after purchasing an additional 172,785 shares during the last quarter. Quantbot Technologies LP raised its stake in EverQuote by 115.1% during the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after purchasing an additional 1,874 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in EverQuote by 29.9% during the third quarter. BNP Paribas Financial Markets now owns 19,570 shares of the company’s stock valued at $413,000 after purchasing an additional 4,506 shares during the last quarter. 91.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

EVER has been the topic of several recent research reports. Canaccord Genuity Group lowered their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Needham & Company LLC lifted 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. JPMorgan Chase & Co. upped their price objective on EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. Finally, 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 report on Thursday, December 26th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus 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.