EverQuote, Inc. (NASDAQ:EVER) Director Sells $870,659.46 in Stock

EverQuote, Inc. (NASDAQ:EVERGet Free Report) Director David B. Blundin sold 50,886 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $17.11, for a total transaction of $870,659.46. Following the transaction, the director now owns 722,779 shares in the company, valued at approximately $12,366,748.69. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

EverQuote Stock Performance

Shares of EverQuote stock traded down $1.68 during midday trading on Wednesday, hitting $15.95. 679,950 shares of the company traded hands, compared to its average volume of 312,394. The firm’s fifty day moving average price is $13.22 and its 200-day moving average price is $9.70. The stock has a market cap of $537.67 million, a price-to-earnings ratio of -10.36 and a beta of 0.87. EverQuote, Inc. has a 12 month low of $5.36 and a 12 month high of $20.34.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Needham & Company LLC boosted their price target on EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday. Craig Hallum started coverage on EverQuote in a research report on Tuesday, December 5th. They set a “buy” rating and a $16.00 target price for the company. Raymond James upgraded EverQuote from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research report on Tuesday, December 12th. B. Riley increased their price objective on shares of EverQuote from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.80.

View Our Latest Stock Analysis on EVER

Institutional Trading of EverQuote

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clearline Capital LP acquired a new position in shares of EverQuote in the second quarter valued at approximately $6,009,000. Bank of America Corp DE increased its position in EverQuote by 51.3% in the 4th quarter. Bank of America Corp DE now owns 2,055,600 shares of the company’s stock valued at $30,300,000 after acquiring an additional 696,994 shares during the period. Earnest Partners LLC raised its stake in shares of EverQuote by 98.9% during the second quarter. Earnest Partners LLC now owns 1,341,335 shares of the company’s stock valued at $8,719,000 after acquiring an additional 666,794 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of EverQuote by 193.7% during the third quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock worth $5,183,000 after purchasing an additional 472,821 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of EverQuote by 1,352.6% in the second quarter. Marshall Wace LLP now owns 452,011 shares of the company’s stock worth $2,938,000 after purchasing an additional 420,893 shares during the last quarter. Institutional investors own 85.90% of the company’s stock.

EverQuote Company Profile

(Get Free Report)

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, life, and health insurance. It also engages in online business activities. 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.

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Insider Buying and Selling by Quarter for EverQuote (NASDAQ:EVER)

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