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 dated Thursday, February 20th. The stock was sold at an average price of $21.49, for a total value of $142,027.41. Following the sale, the chief technology officer now owns 156,783 shares of the company’s stock, valued at $3,369,266.67. This represents a 4.04 % decrease in their position. The transaction was disclosed in a filing 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 stock was 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 Monday. The stock has a market cap of $734.40 million, a price-to-earnings ratio of 61.10 and a beta of 0.96. The stock has a 50 day moving average price of $19.69 and a 200-day moving average price of $20.09. EverQuote, Inc. has a one year low of $14.28 and a one year high of $28.09.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EVER shares. JPMorgan Chase & Co. cut 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. B. Riley cut their price target on EverQuote from $36.50 to $29.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Raymond James upgraded EverQuote from an “outperform” rating to a “strong-buy” rating and set a $35.00 price target for the company in a report on Thursday, December 26th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, EverQuote currently has an average rating of “Buy” and a consensus price target of $31.67.

Hedge Funds Weigh In On EverQuote

A number of institutional investors and hedge funds have recently modified their holdings of EVER. Divisadero Street Capital Management LP purchased a new position in shares of EverQuote in the 4th quarter worth approximately $12,311,000. Freestone Grove Partners LP purchased a new position in shares of EverQuote in the 4th quarter worth approximately $11,618,000. Point72 Asset Management L.P. boosted its holdings in shares of 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 during the period. Emerald Mutual Fund Advisers Trust boosted its holdings 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 holdings in shares of EverQuote by 165.8% in the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock worth $13,498,000 after purchasing an additional 399,257 shares during the period. Hedge funds and other institutional investors own 91.54% of the company’s stock.

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.