EverQuote, Inc. (NASDAQ:EVER) Director Sells $450,928.64 in Stock

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

EverQuote Price Performance

Shares of EVER opened at $18.39 on Monday. The firm has a market capitalization of $629.49 million, a PE ratio of -11.94 and a beta of 0.90. The company’s 50-day moving average is $17.48 and its 200-day moving average is $12.75. EverQuote, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $20.74.

EverQuote (NASDAQ:EVER) last released its quarterly earnings results 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. 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 for the quarter, compared to analysts’ expectations of $49.89 million. Analysts predict that EverQuote, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of EverQuote

Several institutional investors have recently added to or reduced their stakes in EVER. Clearline Capital LP bought a new position in EverQuote during the 2nd quarter worth $6,009,000. Bank of America Corp DE grew its stake in shares of EverQuote by 51.3% in the fourth quarter. Bank of America Corp DE now owns 2,055,600 shares of the company’s stock valued at $30,300,000 after acquiring an additional 696,994 shares in the last quarter. Earnest Partners LLC bought a new position in EverQuote during the first quarter worth about $9,853,000. Envestnet Asset Management Inc. raised its stake in EverQuote by 193.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 716,865 shares of the company’s stock worth $5,183,000 after purchasing an additional 472,821 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in EverQuote by 1,352.6% in the 2nd quarter. Marshall Wace LLP now owns 452,011 shares of the company’s stock valued at $2,938,000 after purchasing an additional 420,893 shares during the period. 91.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EVER shares. Needham & Company LLC upped their price target 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. raised their target price on shares of EverQuote from $13.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Finally, B. Riley initiated coverage on EverQuote in a research note on Friday. They issued a “buy” rating and a $24.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, EverQuote has a consensus rating of “Buy” and an average price target of $20.60.

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.