EverQuote, Inc. (NASDAQ:EVER) Director Sells $511,160.56 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 23,362 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $21.88, for a total transaction of $511,160.56. Following the transaction, the director now owns 511,696 shares of the company’s stock, valued at approximately $11,195,908.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

EverQuote Stock Up 18.4 %

Shares of NASDAQ:EVER opened at $25.29 on Wednesday. EverQuote, Inc. has a 52-week low of $5.36 and a 52-week high of $25.69. The stock has a market cap of $865.68 million, a price-to-earnings ratio of -16.42 and a beta of 0.85. The business has a 50-day moving average price of $18.38 and a 200-day moving average price of $13.69.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.12. The company had revenue of $91.07 million during the quarter, compared to analysts’ expectations of $80.36 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. EverQuote’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period last year, the business earned ($0.08) earnings per share. As a group, equities analysts anticipate that EverQuote, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new stake in EverQuote in the fourth quarter valued at approximately $40,000. First Horizon Advisors Inc. grew its holdings in EverQuote by 52.5% in the third 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. Tower Research Capital LLC TRC grew its holdings in EverQuote by 446.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after purchasing an additional 4,215 shares during the period. Asset Management One Co. Ltd. acquired a new stake in EverQuote in the fourth quarter valued at approximately $66,000. Finally, Gilbert & Cook Inc. acquired a new stake in EverQuote in the third quarter valued at approximately $85,000. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EVER has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. B. Riley raised their price target on EverQuote from $24.00 to $29.50 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC raised their price target on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. Craig Hallum raised their price target on EverQuote from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Canaccord Genuity Group raised their price target on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $26.25.

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.