Insider Selling: 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 company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $251,447.50. Following the completion of the sale, the director now owns 89,174 shares in the company, valued at approximately $2,563,752.50. This represents a 8.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

EverQuote Price Performance

EverQuote stock opened at $26.88 on Friday. The stock has a market capitalization of $960.26 million, a P/E ratio of 79.06 and a beta of 1.01. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03. The firm’s 50-day moving average is $23.60 and its two-hundred day moving average is $20.81.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The business had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. As a group, analysts forecast that EverQuote, Inc. will post 0.72 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EVER. R Squared Ltd acquired a new position in EverQuote during the fourth quarter worth approximately $34,000. Quarry LP grew its stake in shares of EverQuote by 100.7% during the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after buying an additional 1,452 shares during the period. Quantbot Technologies LP increased its holdings in shares of EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of EverQuote in the 4th quarter worth $90,000. Finally, Asset Management One Co. Ltd. boosted its holdings in EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock valued at $90,000 after acquiring an additional 2,042 shares during the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on EVER shares. Needham & Company LLC upped their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price for the company in a report on Thursday, December 26th. JPMorgan Chase & Co. upped their price target on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group dropped their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target 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.