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

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 936 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $20.00, for a total value of $18,720.00. Following the sale, the director now owns 615,510 shares in the company, valued at $12,310,200. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

EverQuote Stock Performance

Shares of EVER opened at $19.18 on Tuesday. The firm has a market capitalization of $656.53 million, a price-to-earnings ratio of -12.45 and a beta of 0.90. The business’s fifty day moving average price is $17.11 and its two-hundred day moving average price is $12.42. EverQuote, Inc. has a 52 week low of $5.36 and a 52 week high of $20.34.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.12. The firm had revenue of $55.71 million for the quarter, compared to analyst estimates of $49.89 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. As a group, research analysts forecast that EverQuote, Inc. will post -0.43 EPS for the current year.

Analysts Set New Price Targets

EVER has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Needham & Company LLC increased their price target on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, B. Riley increased their price target on EverQuote from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.80.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EVER. Advisor Group Holdings Inc. lifted its stake in shares of EverQuote by 398.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock valued at $48,000 after purchasing an additional 2,392 shares during the period. Swiss National Bank lifted its stake in shares of EverQuote by 10.0% in the 1st quarter. Swiss National Bank now owns 43,900 shares of the company’s stock valued at $710,000 after purchasing an additional 4,000 shares during the period. Raymond James & Associates acquired a new position in shares of EverQuote in the 1st quarter valued at $461,000. Bank of New York Mellon Corp lifted its stake in shares of EverQuote by 79.9% in the 1st quarter. Bank of New York Mellon Corp now owns 106,237 shares of the company’s stock valued at $1,718,000 after purchasing an additional 47,176 shares during the period. Finally, MetLife Investment Management LLC lifted its stake in shares of EverQuote by 54.2% in the 1st quarter. MetLife Investment Management LLC now owns 9,721 shares of the company’s stock valued at $157,000 after purchasing an additional 3,416 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

EverQuote Company Profile

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.