Insider Selling: EverQuote, Inc. (NASDAQ:EVER) Director Sells $18,720.00 in Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 936 shares of EverQuote stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $20.00, for a total transaction of $18,720.00. Following the transaction, the director now owns 615,510 shares of the company’s stock, valued at $12,310,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

EverQuote Stock Down 5.3 %

Shares of EVER opened at $18.80 on Thursday. The company has a market capitalization of $643.52 million, a P/E ratio of -12.21 and a beta of 0.90. The firm has a 50 day moving average of $17.35 and a 200 day moving average of $12.56. EverQuote, Inc. has a twelve month low of $5.36 and a twelve month high of $20.74.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.19) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.12. The company had revenue of $55.71 million during the quarter, compared to the consensus estimate of $49.89 million. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. On average, sell-side analysts expect that EverQuote, Inc. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On EverQuote

A number of large investors have recently added to or reduced their stakes in EVER. FNY Investment Advisers LLC bought a new stake in EverQuote in the 4th quarter worth approximately $40,000. Citigroup Inc. grew its position in EverQuote by 1,200.2% in the 2nd quarter. Citigroup Inc. now owns 6,371 shares of the company’s stock worth $41,000 after purchasing an additional 5,881 shares during the period. First Horizon Advisors Inc. grew its position in EverQuote by 52.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock worth $42,000 after purchasing an additional 1,981 shares during the period. State of Wyoming bought a new stake in EverQuote in the 4th quarter worth approximately $42,000. Finally, Osaic Holdings Inc. grew its position in EverQuote by 35.9% in the 2nd quarter. Osaic Holdings Inc. now owns 6,573 shares of the company’s stock worth $43,000 after purchasing an additional 1,735 shares during the period. Institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. B. Riley lifted their target price on shares of EverQuote from $18.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Needham & Company LLC lifted their target price on shares of EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $20.80.

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.