Insider Selling: EverQuote, Inc. (NASDAQ:EVER) Director Sells 401 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 401 shares of the firm’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $28.40, for a total transaction of $11,388.40. Following the completion of the transaction, the director now directly owns 177,950 shares of the company’s stock, valued at approximately $5,053,780. This trade represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

EverQuote Trading Up 2.4 %

NASDAQ:EVER opened at $28.71 on Friday. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $29.07. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 84.44 and a beta of 1.01. The stock has a fifty day simple moving average of $22.60 and a 200-day simple moving average of $20.60.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, February 24th. The company reported $0.33 earnings per share 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 during the quarter, compared to the consensus estimate of $133.83 million. As a group, equities research analysts predict that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EVER shares. Raymond James raised 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. Needham & Company LLC lifted their price objective on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a research note 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 equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, EverQuote currently has a consensus rating of “Buy” and a consensus target price of $32.33.

Institutional Trading of EverQuote

Institutional investors and hedge funds have recently made changes to their positions in the business. R Squared Ltd bought a new stake in shares of EverQuote during the fourth quarter worth $34,000. Quarry LP raised its holdings in shares of EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after acquiring an additional 1,452 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after acquiring an additional 1,874 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of EverQuote in the fourth quarter valued at about $90,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of 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 in the last quarter. 91.54% of the stock is currently owned by 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.