EverQuote, Inc. (NASDAQ:EVER) Director Sells $18,720.00 in Stock

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

EverQuote Stock Down 4.0 %

Shares of NASDAQ:EVER traded down $0.79 during trading on Monday, hitting $19.18. The stock had a trading volume of 462,704 shares, compared to its average volume of 359,915. EverQuote, Inc. has a 12-month low of $5.36 and a 12-month high of $20.34. The stock has a market capitalization of $656.53 million, a price-to-earnings ratio of -12.45 and a beta of 0.90. The stock has a 50-day simple moving average of $17.11 and a two-hundred day simple moving average of $12.42.

EverQuote (NASDAQ:EVER) last announced its quarterly earnings data on Monday, February 26th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.12. EverQuote had a negative return on equity of 34.38% and a negative net margin of 17.81%. The firm had revenue of $55.71 million during the quarter, compared to analysts’ expectations of $49.89 million. As a group, sell-side analysts forecast that EverQuote, Inc. will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on EVER. JPMorgan Chase & Co. upped their price objective on EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. B. Riley increased their price target on 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 EverQuote from $15.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, EverQuote presently has an average rating of “Moderate Buy” and an average price target of $20.80.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Advisor Group Holdings Inc. grew its holdings in EverQuote by 398.7% during the first quarter. Advisor Group Holdings Inc. now owns 2,992 shares of the company’s stock worth $48,000 after acquiring an additional 2,392 shares during the period. Swiss National Bank grew its holdings in EverQuote by 10.0% during the first quarter. Swiss National Bank now owns 43,900 shares of the company’s stock worth $710,000 after acquiring an additional 4,000 shares during the period. Raymond James & Associates acquired a new stake in EverQuote during the first quarter worth about $461,000. Bank of New York Mellon Corp grew its holdings in EverQuote by 79.9% during the first quarter. Bank of New York Mellon Corp now owns 106,237 shares of the company’s stock worth $1,718,000 after acquiring an additional 47,176 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in EverQuote by 54.2% during the first quarter. MetLife Investment Management LLC now owns 9,721 shares of the company’s stock worth $157,000 after acquiring an additional 3,416 shares during the period. 91.54% of the stock is currently owned by hedge funds and other institutional investors.

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.