Insider Selling: EverQuote, Inc. (NASDAQ:EVER) CTO Sells 6,609 Shares of Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 6,609 shares of EverQuote stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $21.49, for a total transaction of $142,027.41. Following the completion of the sale, the chief technology officer now owns 156,783 shares of the company’s stock, valued at $3,369,266.67. This represents a 4.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

David Brainard also recently made the following trade(s):

• On Monday, January 6th, David Brainard sold 3,675 shares of EverQuote stock. The stock was sold at an average price of $19.52, for a total transaction of $71,736.00.
• On Thursday, December 26th, David Brainard sold 29,248 shares of EverQuote stock. The shares were sold at an average price of $19.93, for a total transaction of $582,912.64.
• On Tuesday, December 17th, David Brainard sold 14,590 shares of EverQuote stock. The shares were sold at an average price of $17.44, for a total transaction of $254,449.60.

EverQuote Stock Down 4.1 %

NASDAQ:EVER traded down $0.89 during mid-day trading on Friday, reaching $20.78. The company’s stock had a trading volume of 467,863 shares, compared to its average volume of 416,052. EverQuote, Inc. has a 1 year low of $14.28 and a 1 year high of $28.09. The stock has a fifty day moving average of $19.63 and a 200-day moving average of $20.18. The firm has a market capitalization of $734.42 million, a PE ratio of 61.10 and a beta of 0.96.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on EVER shares. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research report on Thursday, December 26th. B. Riley reduced their price target on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $31.67.

Institutional Trading of EverQuote

A number of hedge funds have recently added to or reduced their stakes in EVER. CWM LLC lifted its stake in EverQuote by 143.0% in the third quarter. CWM LLC now owns 4,522 shares of the company’s stock worth $95,000 after acquiring an additional 2,661 shares during the period. Emerald Mutual Fund Advisers Trust lifted its stake in EverQuote by 572.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock worth $10,631,000 after acquiring an additional 429,084 shares during the period. Emerald Advisers LLC lifted its stake in EverQuote by 165.8% in the third quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after acquiring an additional 399,257 shares during the period. Los Angeles Capital Management LLC purchased a new stake in EverQuote in the third quarter worth about $1,223,000. Finally, Versor Investments LP purchased a new stake in shares of EverQuote during the third quarter valued at about $327,000. 91.54% of the stock is 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.