EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director David B. Blundin sold 8,746 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $28.75, for a total value of $251,447.50. Following the sale, the director now directly owns 89,174 shares of the company's stock, valued at $2,563,752.50. This represents a 8.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
EverQuote Trading Down 4.3 %
Shares of NASDAQ:EVER traded down $1.21 during mid-day trading on Friday, reaching $26.88. The company had a trading volume of 936,658 shares, compared to its average volume of 529,601. The company's 50-day moving average price is $23.60 and its 200-day moving average price is $20.81. EverQuote, Inc. has a one year low of $16.63 and a one year high of $30.03. The firm has a market cap of $960.26 million, a price-to-earnings ratio of 79.06 and a beta of 1.01.
EverQuote (NASDAQ:EVER - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.18. EverQuote had a return on equity of 13.94% and a net margin of 3.31%. The firm had revenue of $147.46 million for the quarter, compared to analysts' expectations of $133.83 million. On average, research analysts anticipate that EverQuote, Inc. will post 0.72 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on EVER. Canaccord Genuity Group cut their price target 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. 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. Needham & Company LLC increased their price target on EverQuote from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price target on 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $32.33.
View Our Latest Stock Analysis on EVER
Hedge Funds Weigh In On EverQuote
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVER. Divisadero Street Capital Management LP purchased a new stake in shares of EverQuote during the 4th quarter valued at approximately $12,311,000. Freestone Grove Partners LP bought a new stake in EverQuote during the 4th quarter valued at $11,618,000. Point72 Asset Management L.P. lifted its position in shares of EverQuote by 2,301.4% during the fourth quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company's stock worth $9,216,000 after acquiring an additional 441,815 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of EverQuote by 3,022.8% in the third 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 period. Finally, Toronado Partners LLC boosted its holdings in shares of EverQuote by 59.7% in the fourth quarter. Toronado Partners LLC now owns 718,774 shares of the company's stock worth $14,368,000 after acquiring an additional 268,670 shares during the period. Institutional investors own 91.54% of the company's stock.
EverQuote Company Profile
(
Get Free Report)
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.
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