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

EverQuote, Inc. (NASDAQ:EVER) Director David B. Blundin sold 22,018 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $20.48, for a total transaction of $450,928.64. Following the completion of the transaction, the director now directly owns 593,492 shares in the company, valued at $12,154,716.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

EverQuote Stock Performance

EverQuote stock opened at $18.39 on Friday. EverQuote, Inc. has a 12-month low of $5.36 and a 12-month high of $20.74. The company has a 50-day moving average price of $17.48 and a 200 day moving average price of $12.67.

EverQuote (NASDAQ:EVER) last released 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 net margin of 17.81% and a negative return on equity of 34.38%. The firm had revenue of $55.71 million during the quarter, compared to analysts’ expectations of $49.89 million. On average, equities research analysts expect that EverQuote, Inc. will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On EverQuote

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EVER shares. B. Riley started coverage on shares of EverQuote in a research note on Friday. They issued a “buy” rating and a $24.00 price target on the stock. JPMorgan Chase & Co. raised their price target on shares of EverQuote from $13.00 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Finally, Needham & Company LLC raised their price target on shares of EverQuote from $15.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $20.60.

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.