EverQuote, Inc. (NASDAQ:EVER) Director Sells $2,224,792.00 in Stock

EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director David B. Blundin sold 77,600 shares of the firm'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 sale, the director now owns 97,920 shares of the company's stock, valued at approximately $2,807,366.40. This trade represents a 44.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

EverQuote Trading Down 4.3 %

EVER stock traded down $1.20 during trading on Friday, hitting $26.89. The company had a trading volume of 790,096 shares, compared to its average volume of 529,602. The firm has a market capitalization of $960.65 million, a price-to-earnings ratio of 79.09 and a beta of 1.01. The business has a 50 day moving average of $23.43 and a 200 day moving average of $20.78. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $30.03.

EverQuote (NASDAQ:EVER - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $133.83 million. As a group, equities analysts predict that EverQuote, Inc. will post 0.72 EPS for the current year.

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Analysts Set New Price Targets

A number of research analysts have commented on EVER shares. Raymond James raised EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 target price on the stock in a report on Thursday, December 26th. Canaccord Genuity Group dropped their price objective on shares of EverQuote from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, February 24th. Needham & Company LLC boosted their target price on shares of EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of EverQuote from $25.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Five investment 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 company currently has an average rating of "Buy" and an average price target of $32.33.

Hedge Funds Weigh In On EverQuote

Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in EverQuote by 11.8% during the fourth quarter. California State Teachers Retirement System now owns 24,781 shares of the company's stock worth $495,000 after acquiring an additional 2,624 shares during the period. Mackenzie Financial Corp grew its stake in shares of EverQuote by 65.3% in the 4th quarter. Mackenzie Financial Corp now owns 104,303 shares of the company's stock worth $2,085,000 after purchasing an additional 41,222 shares during the last quarter. Warm Springs Advisors Inc. bought a new stake in shares of EverQuote in the 4th quarter worth approximately $1,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of EverQuote by 34.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company's stock worth $950,000 after purchasing an additional 12,118 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in EverQuote by 47.2% during the fourth quarter. Squarepoint Ops LLC now owns 371,595 shares of the company's stock valued at $7,428,000 after purchasing an additional 119,189 shares during the last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.