David B. Blundin Sells 23,362 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 23,362 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $21.88, for a total transaction of $511,160.56. Following the sale, the director now owns 511,696 shares of the company’s stock, valued at approximately $11,195,908.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

EverQuote Trading Up 18.4 %

EverQuote stock opened at $25.29 on Wednesday. EverQuote, Inc. has a 1-year low of $5.36 and a 1-year high of $25.69. The firm has a market capitalization of $865.68 million, a PE ratio of -16.42 and a beta of 0.85. The firm’s 50 day simple moving average is $18.38 and its 200 day simple moving average is $13.69.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The firm had revenue of $91.07 million during the quarter, compared to analyst estimates of $80.36 million. During the same period in the previous year, the business earned ($0.08) EPS. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. Research analysts forecast that EverQuote, Inc. will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On EverQuote

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EVER. Earnest Partners LLC boosted its position in shares of EverQuote by 44.2% during the 3rd quarter. Earnest Partners LLC now owns 1,933,597 shares of the company’s stock valued at $13,980,000 after acquiring an additional 592,262 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in EverQuote by 193.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock worth $5,183,000 after buying an additional 472,821 shares in the last quarter. B. Riley Asset Management LLC bought a new position in shares of EverQuote in the 3rd quarter worth $723,000. First Eagle Investment Management LLC raised its position in shares of EverQuote by 9.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock valued at $4,009,000 after buying an additional 45,813 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of EverQuote by 21.3% during the 3rd quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock valued at $1,592,000 after buying an additional 38,663 shares in the last quarter. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EVER shares. Needham & Company LLC lifted their price objective on EverQuote from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday. Canaccord Genuity Group upped their price target on shares of EverQuote from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday. B. Riley lifted their price objective on shares of EverQuote from $24.00 to $29.50 and gave the company a “buy” rating in a research note on Tuesday. Craig Hallum boosted their target price on shares of EverQuote from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $26.25.

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.