Julia Brncic Sells 740 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) General Counsel Julia Brncic sold 740 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $22.22, for a total value of $16,442.80. Following the completion of the transaction, the general counsel now directly owns 142,496 shares in the company, valued at $3,166,261.12. This represents a 0.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

EverQuote Trading Down 3.9 %

EverQuote stock opened at $21.66 on Friday. The firm has a market cap of $765.68 million, a PE ratio of 63.71 and a beta of 0.96. EverQuote, Inc. has a 12 month low of $14.28 and a 12 month high of $28.09. The stock’s 50 day simple moving average is $19.63 and its two-hundred day simple moving average is $20.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Raymond James upgraded shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a report on Thursday, December 26th. 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 note on Friday, January 10th. Finally, B. Riley decreased their target price on shares of EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $31.67.

Hedge Funds Weigh In On EverQuote

Several large investors have recently made changes to their positions in the company. CWM LLC increased its holdings in EverQuote by 143.0% in the third quarter. CWM LLC now owns 4,522 shares of the company’s stock valued at $95,000 after buying an additional 2,661 shares in the last quarter. nVerses Capital LLC grew its position in shares of EverQuote by 41.2% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock valued at $51,000 after acquiring an additional 700 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in shares of EverQuote by 572.1% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 504,081 shares of the company’s stock valued at $10,631,000 after purchasing an additional 429,084 shares in the last quarter. Emerald Advisers LLC increased its stake in shares of EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after purchasing an additional 399,257 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in EverQuote in the 3rd quarter worth about $1,223,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.