David Blundin, a director and major holder at
EverQuote Inc (EVER), recently added 43,100 shares. The buy increased his holdings by 0.3 percent, and came to a total purchase price just over $638,000.
This follows up on a 1,200 share buy just before Christmas, and buys of nearly 300,000 shares at the start of December. Overall, company insiders have been both active as buyers and sellers, but buyers have had the edge on total shares traded recently.
Overall, insiders own 23.2 percent of the company.
Shares of the online marketplace for insurance shopping have shed about 60 percent in the past year. That’s in spite of a nearly 20 percent rise in revenues in the past year, although the company has reported a loss in the same timeframe.
Action to take: The share price has started trending higher in recent weeks, and shares remain nearly two-thirds off their 52-week highs. They could be poised for a further rally. Investors may like shares here, although the stock doesn’t pay a dividend.
For traders, the June $17.50 calls, last going for about $2.20, offer mid-to-high double-digit gain on a rally in shares in the months ahead. The calls are near-the-money, and could move in-the-money on about a 10 percent rally in shares from their current price near $16.
Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.