David B. Blundin Sells 401 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 401 shares of EverQuote stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $28.40, for a total value of $11,388.40. Following the transaction, the director now owns 177,950 shares in the company, valued at $5,053,780. This trade represents a 0.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

EverQuote Trading Down 0.8 %

Shares of NASDAQ:EVER traded down $0.22 during trading on Thursday, hitting $28.05. 957,757 shares of the company were exchanged, compared to its average volume of 510,740. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 82.50 and a beta of 1.01. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $28.58. The firm has a fifty day moving average price of $22.21 and a two-hundred day moving average price of $20.52.

EverQuote (NASDAQ:EVER) last posted 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. The firm had revenue of $147.46 million for the quarter, compared to analyst estimates of $133.83 million. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. As a group, research analysts predict that EverQuote, Inc. will post 0.72 EPS for the current year.

Analysts Set New Price Targets

EVER has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Needham & Company LLC boosted their target price on EverQuote from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research note on Thursday, December 26th. Finally, Canaccord Genuity Group cut their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, February 24th. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, EverQuote currently has a consensus rating of “Buy” and a consensus target price of $32.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased 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 worth $5,072,000 after purchasing an additional 172,785 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of EverQuote by 636.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 104,729 shares of the company’s stock worth $2,209,000 after acquiring an additional 90,500 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of EverQuote by 10.4% during the 3rd quarter. Geode Capital Management LLC now owns 595,155 shares of the company’s stock worth $12,554,000 after acquiring an additional 56,114 shares during the last quarter. Barclays PLC increased its holdings 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 acquiring an additional 39,160 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of EverQuote by 3,022.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,629 shares of the company’s stock worth $8,133,000 after acquiring an additional 373,280 shares during the last quarter. Institutional investors and hedge funds 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.