David B. Blundin Sells 936 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 936 shares of the company’s stock in a transaction on Friday, April 12th. The stock was 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 approximately $12,310,200. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

EverQuote Stock Up 3.5 %

NASDAQ:EVER opened at $19.85 on Wednesday. EverQuote, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $20.34. The stock has a market cap of $679.47 million, a PE ratio of -12.89 and a beta of 0.90. The firm’s fifty day simple moving average is $17.25 and its 200-day simple moving average is $12.51.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.12. EverQuote had a negative net margin of 17.81% and a negative return on equity of 34.38%. The business had revenue of $55.71 million for the quarter, compared to analysts’ expectations of $49.89 million. Equities analysts anticipate that EverQuote, Inc. will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EVER has been the subject of a number of analyst reports. Needham & Company LLC upped their price objective on shares of EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. JPMorgan Chase & Co. upped their price objective on shares of EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Finally, B. Riley upped their price objective on shares of EverQuote from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, EverQuote currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.80.

Hedge Funds Weigh In On EverQuote

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC grew its stake in EverQuote by 21.3% in the 3rd quarter. Acadian Asset Management LLC now owns 220,251 shares of the company’s stock valued at $1,592,000 after acquiring an additional 38,663 shares during the last quarter. Earnest Partners LLC grew its stake in EverQuote by 44.2% in 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. First Eagle Investment Management LLC grew its stake in EverQuote by 9.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 554,504 shares of the company’s stock valued at $4,009,000 after acquiring an additional 45,813 shares during the last quarter. Gilbert & Cook Inc. acquired a new stake in EverQuote in the 3rd quarter valued at about $85,000. Finally, Raymond James & Associates grew its stake in EverQuote by 69.3% in the 3rd quarter. Raymond James & Associates now owns 44,704 shares of the company’s stock valued at $323,000 after acquiring an additional 18,295 shares during the last quarter. 91.54% of the stock is owned by institutional investors and hedge funds.

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.