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

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 23,362 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $21.88, for a total value of $511,160.56. Following the completion of the transaction, the director now owns 511,696 shares in the company, valued at approximately $11,195,908.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

EverQuote Stock Performance

EverQuote stock opened at $21.36 on Tuesday. EverQuote, Inc. has a one year low of $5.36 and a one year high of $22.27. The company has a market cap of $731.15 million, a P/E ratio of -13.87 and a beta of 0.85. The business has a fifty day moving average of $18.30 and a two-hundred day moving average of $13.60.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate 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 firm had revenue of $55.71 million during the quarter, compared to analysts’ expectations of $49.89 million. Sell-side analysts predict that EverQuote, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. B. Riley assumed coverage on shares of EverQuote in a research report on Friday, April 19th. They set a “buy” rating and a $24.00 price objective for the company. Finally, 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, EverQuote presently has an average rating of “Buy” and a consensus price target of $20.60.

Institutional Investors Weigh In On EverQuote

Institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets raised its holdings in EverQuote by 127.6% during the first quarter. BNP Paribas Financial Markets now owns 54,755 shares of the company’s stock worth $1,016,000 after purchasing an additional 30,699 shares during the last quarter. MBL Wealth LLC acquired a new position in shares of EverQuote during the 1st quarter worth $664,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of EverQuote in the 1st quarter worth about $672,000. HST Ventures LLC grew its stake in EverQuote by 13.9% in the 4th quarter. HST Ventures LLC now owns 291,705 shares of the company’s stock valued at $3,570,000 after acquiring an additional 35,624 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in EverQuote by 446.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,159 shares of the company’s stock valued at $63,000 after acquiring an additional 4,215 shares in the last quarter. Institutional investors and hedge funds own 91.54% of the company’s stock.

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.