EverQuote, Inc. (NASDAQ:EVER - Get Free Report) Director David B. Blundin sold 401 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $28.40, for a total transaction of $11,388.40. Following the transaction, the director now directly owns 177,950 shares of the company's stock, valued at approximately $5,053,780. This trade represents a 0.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
EverQuote Stock Performance
EVER stock traded up $0.37 during mid-day trading on Monday, reaching $29.08. The company had a trading volume of 617,248 shares, compared to its average volume of 516,673. The firm has a fifty day simple moving average of $22.60 and a 200 day simple moving average of $20.58. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 85.53 and a beta of 1.01. EverQuote, Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $29.70.
EverQuote (NASDAQ:EVER - Get Free Report) last issued its earnings results on Monday, February 24th. The company reported $0.33 earnings per share 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 firm had revenue of $147.46 million for the quarter, compared to analysts' expectations of $133.83 million. As a group, analysts predict that EverQuote, Inc. will post 0.72 earnings per share for the current year.
Hedge Funds Weigh In On EverQuote
Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in 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 buying an additional 172,785 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 worth $2,209,000 after purchasing an additional 90,500 shares during the last quarter. Geode Capital Management LLC boosted its holdings in EverQuote by 10.4% in the third quarter. Geode Capital Management LLC now owns 595,155 shares of the company's stock valued at $12,554,000 after purchasing an additional 56,114 shares in the last quarter. Counterpoint Mutual Funds LLC boosted its holdings in EverQuote by 74.3% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 38,053 shares of the company's stock valued at $761,000 after purchasing an additional 16,217 shares in the last quarter. Finally, Barclays PLC increased its stake in EverQuote by 331.2% in the third 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 last quarter. Institutional investors and hedge funds own 91.54% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on EVER shares. Raymond James upgraded EverQuote from an "outperform" rating to a "strong-buy" rating and set a $35.00 price target for the company in a research report on Thursday, December 26th. Canaccord Genuity Group lowered their target price on EverQuote from $35.00 to $30.00 and set a "buy" rating for the company in a report on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on shares of EverQuote from $25.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 25th. Finally, Needham & Company LLC raised their price objective 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. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $32.33.
View Our Latest Stock Analysis on EverQuote
EverQuote Company Profile
(
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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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