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

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 77,600 shares of the company’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 directly owns 97,920 shares of the company’s stock, valued at approximately $2,807,366.40. This trade represents a 44.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

EverQuote Stock Up 1.3 %

EverQuote stock traded up $0.37 during mid-day trading on Monday, reaching $29.08. 616,014 shares of the company’s stock traded hands, compared to its average volume of 516,673. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $29.70. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 85.53 and a beta of 1.01. The stock has a 50 day moving average of $22.60 and a two-hundred day moving average of $20.58.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.18. The firm had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. EverQuote had a net margin of 3.31% and a return on equity of 13.94%. As a group, sell-side analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EVER shares. Needham & Company LLC upped their price target on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Canaccord Genuity Group dropped their target price 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 upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $32.33.

Hedge Funds Weigh In On EverQuote

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised 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 buying an additional 172,785 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of EverQuote by 636.0% in the third 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 period. Geode Capital Management LLC raised its stake in shares of EverQuote by 10.4% in the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock valued at $12,554,000 after acquiring an additional 56,114 shares during the period. Counterpoint Mutual Funds LLC lifted its holdings in shares of EverQuote by 74.3% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company’s stock worth $761,000 after acquiring an additional 16,217 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of EverQuote by 331.2% during the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock worth $1,076,000 after purchasing an additional 39,160 shares during the period. Hedge funds and other 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.