EverQuote, Inc. (NASDAQ:EVER) Director Sells $450,928.64 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 22,018 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total value of $450,928.64. Following the completion of the sale, the director now directly owns 593,492 shares in the company, valued at approximately $12,154,716.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

EverQuote Stock Performance

EVER opened at $18.39 on Friday. EverQuote, Inc. has a 12 month low of $5.36 and a 12 month high of $20.74. The stock’s 50 day moving average price is $17.48 and its 200 day moving average price is $12.67.

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

Hedge Funds Weigh In On EverQuote

Several hedge funds have recently modified their holdings of EVER. FNY Investment Advisers LLC acquired a new position in shares of EverQuote during the 4th quarter valued at $40,000. Citigroup Inc. increased its position in shares of EverQuote by 1,200.2% during the 2nd quarter. Citigroup Inc. now owns 6,371 shares of the company’s stock valued at $41,000 after purchasing an additional 5,881 shares during the period. State of Wyoming acquired a new position in shares of EverQuote during the 4th quarter valued at $42,000. First Horizon Advisors Inc. increased its position in shares of EverQuote by 52.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock valued at $42,000 after purchasing an additional 1,981 shares during the period. Finally, Osaic Holdings Inc. increased its position in shares of EverQuote by 35.9% during the 2nd quarter. Osaic Holdings Inc. now owns 6,573 shares of the company’s stock valued at $43,000 after purchasing an additional 1,735 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EVER. B. Riley started coverage on EverQuote in a research report on Friday. They issued a “buy” rating and a $24.00 target price on the stock. Needham & Company LLC raised their target price on EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $20.60.

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.