David B. Blundin Sells 58,434 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 58,434 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $20.14, for a total value of $1,176,860.76. Following the completion of the sale, the director now directly owns 535,058 shares of the company’s stock, valued at approximately $10,776,068.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

EverQuote Price Performance

NASDAQ EVER opened at $21.75 on Friday. The business has a 50 day simple moving average of $18.20 and a 200 day simple moving average of $13.42. EverQuote, Inc. has a one year low of $5.36 and a one year high of $22.27. The stock has a market capitalization of $744.50 million, a P/E ratio of -14.12 and a beta of 0.85.

EverQuote (NASDAQ:EVER) last released its earnings results on Monday, February 26th. The company reported ($0.19) EPS for the quarter, topping 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 business had revenue of $55.71 million during the quarter, compared to analysts’ expectations of $49.89 million. Equities analysts expect that EverQuote, Inc. will post -0.42 earnings per share for the current year.

Institutional Investors Weigh In On EverQuote

A number of hedge funds have recently added to or reduced their stakes in the company. Earnest Partners LLC grew its stake in EverQuote by 44.2% in the third quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after acquiring an additional 592,262 shares during the period. Envestnet Asset Management Inc. grew its stake in EverQuote by 193.7% in the third quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock valued at $5,183,000 after acquiring an additional 472,821 shares during the period. First Eagle Investment Management LLC grew its stake in EverQuote by 9.0% in the third quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock valued at $4,009,000 after acquiring an additional 45,813 shares during the period. HST Ventures LLC grew its stake in EverQuote by 13.9% in the fourth quarter. HST Ventures LLC now owns 291,705 shares of the company’s stock valued at $3,570,000 after acquiring an additional 35,624 shares during the period. Finally, Acadian Asset Management LLC grew its stake in EverQuote by 21.3% in the third quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock valued at $1,592,000 after acquiring an additional 38,663 shares during the period. Institutional investors and hedge funds own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EVER. B. Riley began coverage on EverQuote in a research note on Friday, April 19th. They issued a “buy” rating and a $24.00 price target for the company. Needham & Company LLC increased their price target on EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average 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.