Insider Selling: EverQuote, Inc. (NASDAQ:EVER) Director Sells 936 Shares of Stock

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

EverQuote Price Performance

Shares of EVER stock traded down $0.79 during trading hours on Monday, hitting $19.18. The stock had a trading volume of 462,704 shares, compared to its average volume of 359,915. The firm has a market capitalization of $656.53 million, a PE ratio of -12.45 and a beta of 0.90. EverQuote, Inc. has a twelve month low of $5.36 and a twelve month high of $20.34. The stock’s 50 day moving average is $17.11 and its 200 day moving average is $12.42.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings data 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 business had revenue of $55.71 million during the quarter, compared to the consensus estimate of $49.89 million. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. As a group, equities analysts predict that EverQuote, Inc. will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On EverQuote

Several hedge funds have recently modified their holdings of EVER. FNY Investment Advisers LLC acquired a new stake in shares of EverQuote during the fourth quarter worth $40,000. Citigroup Inc. lifted its holdings in EverQuote by 1,200.2% in the second quarter. Citigroup Inc. now owns 6,371 shares of the company’s stock valued at $41,000 after acquiring an additional 5,881 shares during the period. First Horizon Advisors Inc. lifted its holdings in EverQuote by 52.5% in the third quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock valued at $42,000 after acquiring an additional 1,981 shares during the period. State of Wyoming acquired a new stake in EverQuote in the fourth quarter valued at $42,000. Finally, Osaic Holdings Inc. lifted its holdings in EverQuote by 35.9% in the second quarter. Osaic Holdings Inc. now owns 6,573 shares of the company’s stock valued at $43,000 after acquiring an additional 1,735 shares during the period. 91.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on EVER shares. JPMorgan Chase & Co. upped their target price 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. B. Riley increased their price target on shares of EverQuote from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Needham & Company LLC increased their price target on shares of EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate 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.