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

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 77,600 shares of the company’s stock in a transaction that occurred on Friday, March 21st. The shares were 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 in the company, valued at $2,807,366.40. This trade represents a 44.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

EverQuote Price Performance

Shares of NASDAQ:EVER traded up $0.37 during trading on Monday, hitting $29.08. The company’s stock had a trading volume of 616,014 shares, compared to its average volume of 516,673. The company has a 50-day moving average of $22.60 and a 200-day moving average of $20.58. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 85.53 and a beta of 1.01. EverQuote, Inc. has a 12 month low of $16.63 and a 12 month high of $29.70.

EverQuote (NASDAQ:EVER) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.33 earnings per share for the quarter, topping 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 business had revenue of $147.46 million for the quarter, compared to analysts’ expectations of $133.83 million. As a group, research analysts anticipate that EverQuote, Inc. will post 0.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EVER shares. 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 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 for the company in a research note on Thursday, December 26th. Needham & Company LLC boosted their price objective on shares of EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of EverQuote from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $32.33.

Institutional Trading of EverQuote

Several hedge funds have recently bought and sold shares of EVER. Charles Schwab Investment Management Inc. lifted its position in shares of 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in EverQuote by 636.0% during 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 purchasing an additional 90,500 shares in the last quarter. Geode Capital Management LLC boosted its position 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 worth $12,554,000 after purchasing an additional 56,114 shares during the period. Counterpoint Mutual Funds LLC increased its stake in shares of EverQuote by 74.3% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company’s stock worth $761,000 after purchasing an additional 16,217 shares in the last quarter. Finally, Barclays PLC raised its position in shares of EverQuote by 331.2% during the 3rd quarter. Barclays PLC now owns 50,983 shares of the company’s stock valued at $1,076,000 after purchasing an additional 39,160 shares during the period. Institutional investors 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.