Joseph Sanborn Sells 744 Shares of EverQuote, Inc. (NASDAQ:EVER) Stock

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 744 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $22.21, for a total value of $16,524.24. Following the sale, the chief financial officer now owns 239,838 shares in the company, valued at $5,326,801.98. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Joseph Sanborn also recently made the following trade(s):

• On Monday, January 6th, Joseph Sanborn sold 1,192 shares of EverQuote stock. The shares were sold at an average price of $20.04, for a total value of $23,887.68.

EverQuote Price Performance

Shares of EverQuote stock opened at $20.78 on Monday. EverQuote, Inc. has a one year low of $14.28 and a one year high of $28.09. The business’s 50 day simple moving average is $19.69 and its two-hundred day simple moving average is $20.09. The stock has a market capitalization of $734.40 million, a P/E ratio of 61.10 and a beta of 0.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Divisadero Street Capital Management LP purchased a new stake in EverQuote during the 4th quarter valued at $12,311,000. Freestone Grove Partners LP purchased a new position in EverQuote during the 4th quarter valued at $11,618,000. Point72 Asset Management L.P. raised its holdings in EverQuote by 2,301.4% in the 4th quarter. Point72 Asset Management L.P. now owns 461,013 shares of the company’s stock worth $9,216,000 after purchasing an additional 441,815 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its position 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 worth $10,631,000 after purchasing an additional 429,084 shares during the period. Finally, Emerald Advisers LLC boosted its stake in shares of EverQuote by 165.8% during 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. Institutional investors own 91.54% of the company’s stock.

Analyst Upgrades and Downgrades

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