David B. Blundin Sells 936 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 936 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $20.00, for a total transaction of $18,720.00. Following the sale, the director now owns 615,510 shares in the company, valued at approximately $12,310,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

EverQuote Stock Down 5.3 %

Shares of NASDAQ EVER opened at $18.80 on Thursday. The company’s 50-day simple moving average is $17.35 and its 200-day simple moving average is $12.56. The firm has a market cap of $643.52 million, a price-to-earnings ratio of -12.21 and a beta of 0.90. EverQuote, Inc. has a 52-week low of $5.36 and a 52-week high of $20.74.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EVER. JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Needham & Company LLC lifted their target price on shares of EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, B. Riley lifted their target price on shares of EverQuote from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $20.80.

Hedge Funds Weigh In On EverQuote

Several hedge funds and other institutional investors have recently modified their holdings of EVER. Bank of America Corp DE increased its position in shares of EverQuote by 51.3% during the fourth quarter. Bank of America Corp DE now owns 2,055,600 shares of the company’s stock valued at $30,300,000 after acquiring an additional 696,994 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of EverQuote by 44.2% in the third quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after purchasing an additional 592,262 shares in the last quarter. BlackRock Inc. grew its holdings in shares of EverQuote by 6.5% in the second quarter. BlackRock Inc. now owns 1,647,061 shares of the company’s stock valued at $10,706,000 after purchasing an additional 100,133 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of EverQuote by 2.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,362,022 shares of the company’s stock valued at $20,076,000 after purchasing an additional 31,957 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of EverQuote by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 1,127,137 shares of the company’s stock valued at $13,796,000 after purchasing an additional 76,856 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

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.