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 business’s stock in a transaction that occurred on Monday, March 24th. The shares were 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 of the company’s stock, valued at $2,563,752.50. This trade represents a 8.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

EverQuote Stock Performance

Shares of NASDAQ:EVER traded down $1.75 during trading hours on Wednesday, hitting $27.96. 633,966 shares of the company’s stock traded hands, compared to its average volume of 517,994. The company’s fifty day simple moving average is $23.06 and its two-hundred day simple moving average is $20.68. EverQuote, Inc. has a 52 week low of $16.63 and a 52 week high of $30.03. The company has a market cap of $998.84 million, a price-to-earnings ratio of 82.24 and a beta of 1.01.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results 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 net margin of 3.31% and a return on equity of 13.94%. The firm had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. On average, analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently modified their holdings of EVER. California State Teachers Retirement System raised its holdings in EverQuote by 11.8% during the 4th quarter. California State Teachers Retirement System now owns 24,781 shares of the company’s stock worth $495,000 after buying an additional 2,624 shares during the period. Mackenzie Financial Corp lifted its position in shares of EverQuote by 65.3% in the 4th quarter. Mackenzie Financial Corp now owns 104,303 shares of the company’s stock valued at $2,085,000 after acquiring an additional 41,222 shares in the last quarter. Warm Springs Advisors Inc. purchased a new position in EverQuote during the 4th quarter worth approximately $1,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of EverQuote by 34.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company’s stock valued at $950,000 after purchasing an additional 12,118 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in EverQuote by 47.2% during the fourth quarter. Squarepoint Ops LLC now owns 371,595 shares of the company’s stock valued at $7,428,000 after buying an additional 119,189 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVER has been the subject of several recent research reports. Canaccord Genuity Group lowered their target price 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. Raymond James raised shares of 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 raised their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upped 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 research 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 company 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.