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 firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $20.00, for a total value of $18,720.00. Following the completion of the sale, the director now directly owns 615,510 shares in the company, valued at $12,310,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

EverQuote Trading Down 4.0 %

Shares of EverQuote stock opened at $19.18 on Tuesday. The firm has a market capitalization of $656.53 million, a PE ratio of -12.45 and a beta of 0.90. The firm’s 50 day moving average is $17.11 and its 200 day moving average is $12.42. EverQuote, Inc. has a 1 year low of $5.36 and a 1 year high of $20.34.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings results on Monday, February 26th. The company reported ($0.19) earnings per share (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 company had revenue of $55.71 million for the quarter, compared to analyst estimates of $49.89 million. As a group, research analysts anticipate 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 added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its position in EverQuote by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 53,240 shares of the company’s stock worth $785,000 after buying an additional 871 shares during the period. California State Teachers Retirement System boosted its position in EverQuote by 4.1% during the 3rd quarter. California State Teachers Retirement System now owns 24,019 shares of the company’s stock worth $164,000 after buying an additional 936 shares during the period. Credit Suisse AG boosted its position in EverQuote by 7.8% during the 2nd quarter. Credit Suisse AG now owns 13,366 shares of the company’s stock worth $119,000 after buying an additional 968 shares during the period. Barclays PLC boosted its position in EverQuote by 10.9% during the 1st quarter. Barclays PLC now owns 17,138 shares of the company’s stock worth $239,000 after buying an additional 1,686 shares during the period. Finally, Osaic Holdings Inc. boosted its position in EverQuote by 35.9% during the 2nd quarter. Osaic Holdings Inc. now owns 6,573 shares of the company’s stock worth $43,000 after buying an additional 1,735 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVER has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Needham & Company LLC lifted their price target 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, B. Riley lifted their price target on shares of EverQuote from $18.00 to $25.00 and gave the company a “buy” rating in a 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.80.

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.