David B. Blundin Sells 22,018 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 22,018 shares of EverQuote stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total value of $450,928.64. Following the completion of the transaction, the director now owns 593,492 shares in the company, valued at $12,154,716.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

EverQuote Stock Up 1.5 %

Shares of EverQuote stock opened at $18.39 on Friday. The stock has a market cap of $629.49 million, a PE ratio of -11.94 and a beta of 0.90. The business has a fifty day simple moving average of $17.48 and a 200-day simple moving average of $12.71. EverQuote, Inc. has a 12 month low of $5.36 and a 12 month high of $20.74.

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

Analyst Ratings Changes

EVER has been the topic of a number of recent research reports. B. Riley initiated coverage on EverQuote in a report on Friday. They issued a “buy” rating and a $24.00 target price on the stock. Needham & Company LLC raised their target price on EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. raised their target price on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $20.60.

Institutional Trading of EverQuote

Institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in EverQuote during the fourth quarter valued at $40,000. Citigroup Inc. boosted its position in EverQuote by 1,200.2% during the second quarter. Citigroup Inc. now owns 6,371 shares of the company’s stock valued at $41,000 after purchasing an additional 5,881 shares during the last quarter. First Horizon Advisors Inc. boosted its position in EverQuote by 52.5% during the third quarter. First Horizon Advisors Inc. now owns 5,755 shares of the company’s stock valued at $42,000 after purchasing an additional 1,981 shares during the last quarter. State of Wyoming acquired a new stake in EverQuote during the fourth quarter valued at $42,000. Finally, Osaic Holdings Inc. boosted its position in EverQuote by 35.9% during the second quarter. Osaic Holdings Inc. now owns 6,573 shares of the company’s stock valued at $43,000 after purchasing an additional 1,735 shares during 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.