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 stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $28.75, for a total transaction of $251,447.50. Following the sale, the director now owns 89,174 shares in the company, valued at $2,563,752.50. This represents a 8.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

EverQuote Stock Up 0.5 %

NASDAQ EVER opened at $28.09 on Friday. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03. The business’s fifty day moving average is $23.43 and its 200 day moving average is $20.78. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 82.62 and a beta of 1.01.

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

Institutional Investors Weigh In On EverQuote

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its holdings in shares of EverQuote by 11.8% during the fourth quarter. California State Teachers Retirement System now owns 24,781 shares of the company’s stock worth $495,000 after purchasing an additional 2,624 shares during the period. Mackenzie Financial Corp raised its position in EverQuote by 65.3% during the 4th quarter. Mackenzie Financial Corp now owns 104,303 shares of the company’s stock worth $2,085,000 after purchasing an additional 41,222 shares during the last quarter. Warm Springs Advisors Inc. acquired a new position in EverQuote during the 4th quarter worth about $1,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of EverQuote by 34.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company’s stock valued at $950,000 after buying an additional 12,118 shares during the last quarter. Finally, Squarepoint Ops LLC increased its stake in shares of EverQuote by 47.2% in the fourth quarter. Squarepoint Ops LLC now owns 371,595 shares of the company’s stock valued at $7,428,000 after buying an additional 119,189 shares during the period. 91.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EVER has been the subject of several recent analyst reports. Canaccord Genuity Group cut their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Thursday, December 26th. JPMorgan Chase & Co. raised their price objective on 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 boosted their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a buy rating and one has assigned 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.

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.