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

EverQuote, Inc. (NASDAQ:EVER) CTO David Brainard sold 6,609 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $21.49, for a total value of $142,027.41. Following the completion of the sale, the chief technology officer now directly owns 156,783 shares in the company, valued at approximately $3,369,266.67. This represents a 4.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

EVER stock opened at $20.78 on Monday. EverQuote, Inc. has a fifty-two week low of $14.28 and a fifty-two week high of $28.09. The business’s 50-day moving average is $19.69 and its two-hundred day moving average is $20.09. The company has a market cap of $734.40 million, a price-to-earnings ratio of 61.10 and a beta of 0.96.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Gladius Capital Management LP bought a new position in EverQuote in the third quarter valued at about $26,000. R Squared Ltd bought a new position in shares of EverQuote in the fourth quarter worth about $34,000. Quarry LP raised its stake in shares of EverQuote by 100.7% in the third quarter. Quarry LP now owns 2,894 shares of the company’s stock worth $61,000 after buying an additional 1,452 shares during the period. Quantbot Technologies LP raised its stake in shares of EverQuote by 115.1% in the third quarter. Quantbot Technologies LP now owns 3,502 shares of the company’s stock worth $74,000 after buying an additional 1,874 shares during the period. Finally, Asset Management One Co. Ltd. raised its stake in shares of EverQuote by 80.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 4,582 shares of the company’s stock worth $90,000 after buying an additional 2,042 shares during the period. Institutional investors own 91.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EVER shares. B. Riley cut their target price on EverQuote from $36.50 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price objective on EverQuote from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Raymond James raised 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. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.