EverQuote, Inc. (NASDAQ:EVER) CTO Sells $142,027.41 in Stock

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 6,609 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $21.49, for a total value of $142,027.41. Following the transaction, the chief technology officer now owns 156,783 shares of the company’s stock, valued at $3,369,266.67. The trade was a 4.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $71,736.00.
• On Thursday, December 26th, David Brainard sold 29,248 shares of EverQuote stock. The stock was sold at an average price of $19.93, for a total value of $582,912.64.
• On Tuesday, December 17th, David Brainard sold 14,590 shares of EverQuote stock. The stock was sold at an average price of $17.44, for a total value of $254,449.60.

EverQuote Stock Performance

Shares of EVER opened at $20.78 on Friday. The stock has a 50 day simple moving average of $19.69 and a 200 day simple moving average of $20.12. EverQuote, Inc. has a 52-week low of $14.28 and a 52-week high of $28.09. The firm has a market capitalization of $734.40 million, a PE ratio of 61.10 and a beta of 0.96.

Hedge Funds Weigh In On EverQuote

Several institutional investors and hedge funds have recently modified their holdings of EVER. Divisadero Street Capital Management LP acquired a new position in shares of EverQuote in the 4th quarter valued at approximately $12,311,000. Freestone Grove Partners LP acquired a new position in EverQuote during the 4th quarter worth approximately $11,618,000. Point72 Asset Management L.P. boosted its position in EverQuote by 2,301.4% during the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company’s stock worth $9,216,000 after acquiring an additional 441,815 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in EverQuote by 572.1% during the 3rd 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 last quarter. Finally, Emerald Advisers LLC boosted its position in EverQuote by 165.8% during the 3rd 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 last quarter. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.