EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin Sells 22,018 Shares

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 22,018 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $20.48, for a total value of $450,928.64. Following the completion of the sale, the director now owns 593,492 shares of the company’s stock, valued at approximately $12,154,716.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

EverQuote Stock Performance

Shares of EverQuote stock traded up $0.27 during midday trading on Friday, reaching $18.39. 286,186 shares of the company’s stock traded hands, compared to its average volume of 368,416. The stock has a 50 day moving average of $17.42 and a 200-day moving average of $12.59. The company has a market cap of $629.49 million, a PE ratio of -11.94 and a beta of 0.90. EverQuote, Inc. has a 12 month low of $5.36 and a 12 month high of $20.74.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.12. The business had revenue of $55.71 million during the quarter, compared to the consensus estimate of $49.89 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. On average, equities analysts anticipate that EverQuote, Inc. will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverQuote

A number of institutional investors have recently added to or reduced their stakes in EVER. Advisor Group Holdings Inc. raised its holdings in EverQuote by 398.7% in the first quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock worth $48,000 after purchasing an additional 2,392 shares in the last quarter. Swiss National Bank raised its holdings in EverQuote by 10.0% in the first quarter. Swiss National Bank now owns 43,900 shares of the company’s stock worth $710,000 after purchasing an additional 4,000 shares in the last quarter. Raymond James & Associates bought a new position in EverQuote in the first quarter worth $461,000. Bank of New York Mellon Corp raised its holdings in EverQuote by 79.9% in the first quarter. Bank of New York Mellon Corp now owns 106,237 shares of the company’s stock worth $1,718,000 after purchasing an additional 47,176 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of EverQuote by 54.2% in the first quarter. MetLife Investment Management LLC now owns 9,721 shares of the company’s stock worth $157,000 after acquiring an additional 3,416 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on EVER shares. Needham & Company LLC upped their target price on EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. JPMorgan Chase & Co. upped their target price on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, B. Riley started coverage on EverQuote in a report on Friday. They set a “buy” rating and a $24.00 target price for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $20.60.

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.