EverQuote, Inc. (NASDAQ:EVER) Director Sells $1,176,860.76 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 58,434 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $20.14, for a total transaction of $1,176,860.76. Following the completion of the sale, the director now directly owns 535,058 shares in the company, valued at $10,776,068.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EverQuote Stock Up 5.4 %

Shares of EVER stock traded up $1.10 during mid-day trading on Thursday, hitting $21.53. 768,894 shares of the stock were exchanged, compared to its average volume of 377,819. The firm has a fifty day moving average of $18.10 and a 200 day moving average of $13.36. EverQuote, Inc. has a 52-week low of $5.36 and a 52-week high of $22.27. The company has a market cap of $736.97 million, a PE ratio of -13.98 and a beta of 0.85.

EverQuote (NASDAQ:EVER) last posted its earnings results on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The business had revenue of $55.71 million for the quarter, compared to analyst estimates of $49.89 million. Equities analysts predict that EverQuote, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on EVER. JPMorgan Chase & Co. upped their price target on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. B. Riley began coverage on shares of EverQuote in a report on Friday, April 19th. They issued a “buy” rating and a $24.00 price target on the stock. Finally, Needham & Company LLC upped their price target on shares of EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, EverQuote has an average rating of “Buy” and an average price target of $20.60.

Institutional Investors Weigh In On EverQuote

Hedge funds have recently modified their holdings of the company. Earnest Partners LLC lifted its stake in EverQuote by 44.2% in the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after buying an additional 592,262 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in EverQuote by 193.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock valued at $5,183,000 after buying an additional 472,821 shares in the last quarter. B. Riley Asset Management LLC purchased a new position in EverQuote in the 3rd quarter valued at about $723,000. First Eagle Investment Management LLC lifted its stake in EverQuote by 9.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock valued at $4,009,000 after buying an additional 45,813 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in EverQuote by 21.3% in the 3rd quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock valued at $1,592,000 after buying an additional 38,663 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.