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 that occurred on Thursday, February 20th. The shares were 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 approximately $3,369,266.67. This trade represents a 4.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 shares were sold at an average price of $17.44, for a total value of $254,449.60.

EverQuote Stock Performance

Shares of EverQuote stock opened at $20.78 on Friday. EverQuote, Inc. has a one year low of $14.28 and a one year high of $28.09. The company has a market cap of $734.42 million, a price-to-earnings ratio of 61.10 and a beta of 0.96. The business’s 50 day moving average price is $19.69 and its 200 day moving average price is $20.16.

Institutional Investors Weigh In On EverQuote

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EVER. Mackenzie Financial Corp grew its stake in shares of EverQuote by 65.3% in the fourth quarter. Mackenzie Financial Corp now owns 104,303 shares of the company’s stock valued at $2,085,000 after buying an additional 41,222 shares in the last quarter. Warm Springs Advisors Inc. acquired a new stake in shares of EverQuote in the fourth quarter valued at $1,499,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of EverQuote by 34.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,500 shares of the company’s stock valued at $950,000 after buying an additional 12,118 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of EverQuote by 47.2% in the fourth quarter. Squarepoint Ops LLC now owns 371,595 shares of the company’s stock valued at $7,428,000 after buying an additional 119,189 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of EverQuote by 59.7% in the fourth quarter. Two Sigma Advisers LP now owns 52,700 shares of the company’s stock valued at $1,053,000 after buying an additional 19,700 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EVER shares. B. Riley decreased their price objective on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. 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 note on Friday, January 10th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research note on Thursday, December 26th. Five equities 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, the stock presently has a consensus rating of “Buy” and an average price target of $31.67.

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.