EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin Sells 77,600 Shares

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 77,600 shares of the business’s stock in a transaction on Friday, March 21st. The stock was sold at an average price of $28.67, for a total value of $2,224,792.00. Following the transaction, the director now directly owns 97,920 shares of the company’s stock, valued at $2,807,366.40. The trade was a 44.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

EverQuote Trading Down 5.9 %

Shares of EverQuote stock opened at $27.96 on Thursday. The company has a fifty day simple moving average of $23.24 and a 200-day simple moving average of $20.73. The stock has a market cap of $998.84 million, a price-to-earnings ratio of 82.24 and a beta of 1.01. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EVER. Divisadero Street Capital Management LP acquired a new stake in shares of EverQuote in the fourth quarter valued at approximately $12,311,000. Freestone Grove Partners LP purchased a new stake in EverQuote in the 4th quarter valued at $11,618,000. Point72 Asset Management L.P. boosted its stake in EverQuote by 2,301.4% during the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company’s stock worth $9,216,000 after purchasing an additional 441,815 shares during the period. JPMorgan Chase & Co. grew its position in EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after purchasing an additional 373,280 shares during the last quarter. Finally, Toronado Partners LLC increased its stake in EverQuote by 59.7% in the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company’s stock valued at $14,368,000 after purchasing an additional 268,670 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Raymond James raised 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. Needham & Company LLC increased their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Canaccord Genuity Group decreased their price objective on shares of EverQuote from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. increased their target price on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $32.33.

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.