Insider Selling: EverQuote, Inc. (NASDAQ:EVER) General Counsel Sells $16,442.80 in Stock

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

EverQuote Stock Down 4.1 %

Shares of EVER stock opened at $20.78 on Friday. The company has a 50 day moving average price of $19.69 and a 200-day moving average price of $20.16. 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 $734.42 million, a PE ratio of 61.10 and a beta of 0.96.

Institutional Investors Weigh In On EverQuote

A number of large investors have recently added to or reduced their stakes in EVER. Divisadero Street Capital Management LP bought a new position in shares of EverQuote during the 4th quarter valued at $12,311,000. Freestone Grove Partners LP purchased a new stake in EverQuote during the fourth quarter valued at $11,618,000. Point72 Asset Management L.P. boosted its position in EverQuote by 2,301.4% in the fourth 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 during the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in shares of EverQuote by 572.1% during 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 during the period. Finally, Emerald Advisers LLC increased its position 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 during the last quarter. Institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Raymond James raised shares of EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price objective on the stock in a research report on Thursday, December 26th. B. Riley cut their price target 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. decreased their price objective on shares of EverQuote from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Five equities research 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 currently has a consensus rating of “Buy” and a consensus target price 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.