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

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 77,600 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 97,920 shares of the company’s stock, valued at approximately $2,807,366.40. This represents a 44.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EverQuote Stock Up 2.2 %

NASDAQ EVER opened at $29.71 on Wednesday. The stock’s 50-day simple moving average is $23.06 and its two-hundred day simple moving average is $20.68. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $30.03. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 87.38 and a beta of 1.01.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group cut 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. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Thursday, December 26th. Needham & Company LLC upped their price target 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. lifted their price objective on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, February 25th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $32.33.

Hedge Funds Weigh In On EverQuote

Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. boosted its position in EverQuote by 97.3% during the third quarter. Victory Capital Management Inc. now owns 29,019 shares of the company’s stock valued at $612,000 after buying an additional 14,311 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of EverQuote by 636.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock valued at $2,209,000 after acquiring an additional 90,500 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in EverQuote by 255.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 240,482 shares of the company’s stock valued at $5,072,000 after acquiring an additional 172,785 shares during the period. Quantbot Technologies LP increased its stake in EverQuote by 115.1% in the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in EverQuote by 29.9% in the third quarter. BNP Paribas Financial Markets now owns 19,570 shares of the company’s stock valued at $413,000 after purchasing an additional 4,506 shares during the last quarter. Institutional investors own 91.54% of the company’s stock.

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.