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

EverQuote, Inc. (NASDAQ:EVER) CFO Joseph Sanborn sold 744 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $22.21, for a total transaction of $16,524.24. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

EverQuote Trading Down 4.1 %

Shares of NASDAQ:EVER opened at $20.78 on Friday. EverQuote, Inc. has a 52 week low of $14.28 and a 52 week high of $28.09. The company’s 50 day moving average is $19.69 and its two-hundred day moving average is $20.16. The company has a market cap of $734.42 million, a PE ratio of 61.10 and a beta of 0.96.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented 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 report on Thursday, December 26th. B. Riley decreased their price objective 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $31.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP purchased a new position in shares of EverQuote in the 3rd quarter valued at $26,000. R Squared Ltd purchased a new position in shares of EverQuote in the 4th quarter valued at $34,000. Quarry LP grew its position in shares of EverQuote by 100.7% in the 3rd quarter. Quarry LP now owns 2,894 shares of the company’s stock valued at $61,000 after buying an additional 1,452 shares during the last quarter. Quantbot Technologies LP boosted its stake in EverQuote by 115.1% during the 3rd quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after purchasing an additional 1,874 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in EverQuote by 80.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after purchasing an additional 2,042 shares during the period. 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.