Insider Selling: EverQuote, Inc. (NASDAQ:EVER) Director Sells $11,388.40 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 401 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was 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 owns 177,950 shares in the company, valued at $5,053,780. This represents a 0.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

EverQuote Trading Up 2.4 %

Shares of NASDAQ EVER opened at $28.71 on Friday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 84.44 and a beta of 1.01. EverQuote, Inc. has a twelve month low of $16.63 and a twelve month high of $29.07. The business has a 50 day simple moving average of $22.60 and a 200-day simple moving average of $20.59.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EVER shares. Raymond James raised EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Thursday, December 26th. Canaccord Genuity Group dropped their price objective on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Needham & Company LLC increased their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price target 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. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $32.33.

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd acquired a new position in EverQuote in the fourth quarter valued at approximately $34,000. Quarry LP lifted its holdings in shares of EverQuote by 100.7% in the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after purchasing an additional 1,452 shares during the last quarter. Quantbot Technologies LP boosted its position in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock valued at $74,000 after purchasing an additional 1,874 shares during the period. KLP Kapitalforvaltning AS bought a new position in EverQuote during the 4th quarter worth $90,000. Finally, Asset Management One Co. Ltd. increased its position in EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after buying an additional 2,042 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.