David B. Blundin Sells 8,746 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) 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 transaction of $251,447.50. Following the sale, the director now owns 89,174 shares of the company’s stock, valued at approximately $2,563,752.50. This represents a 8.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

EverQuote Price Performance

EverQuote stock opened at $26.88 on Friday. The firm’s fifty day moving average price is $23.60 and its 200 day moving average price is $20.81. The company has a market capitalization of $960.26 million, a price-to-earnings ratio of 79.06 and a beta of 1.01. EverQuote, Inc. has a 12-month low of $16.63 and a 12-month high of $30.03.

EverQuote (NASDAQ:EVER) last announced its earnings results on Monday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.18. The business 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%. Analysts forecast that EverQuote, Inc. will post 0.72 earnings per share for the current fiscal year.

Hedge Funds Weigh In On EverQuote

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of EverQuote from $25.00 to $29.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research note on Thursday, December 26th. Needham & Company LLC upped their target price on EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group dropped their target price on EverQuote from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, EverQuote has an average rating of “Buy” and a consensus target price of $32.33.

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.